Fully loaded: Rising consumer spending and international trade have benefited the industry in Michigan

The Long-Distance Freight Trucking industry is focused on transportation of various commodities in palletized vans or trailers across state lines around the United States. The industry is an established and integral part of supply chain and manufacturing processes alike; therefore, it follows broader economic conditions in the United States. Overall, the Long-Distance Freight Trucking industry in Michigan experienced stable growth at an annualized rate of 1.5% to $6.6 billion over the five years to 2018, including an increase of 1.3% in 2018.During the current period, strong industry growth was stimulated by an increase in consumer spending in Michigan as well as healthy increases in overall trade between the United States and its trade partners...purchase to read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
37,334
Businesses
13,877

Industry Threats & Opportunities

  • The price of diesel is expected to continue to rise, which will boost revenue for MI operators
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Long-Distance Freight Trucking in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in Michigan Industry are

  • Market research and understanding
  • Having a high profile in the market
  • Output is sold under contract - incorporate long-term sales contracts
  • IBISWorld analysts also discuss how external factors such as Consumer spending in Michigan and Total trade value in the Long-Distance Freight Trucking in Michigan industry impact industry performance..

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    What's in this report

    What is the Long-Distance Freight Trucking in Michigan Industry?

    Operators in the Long-Distance Freight Trucking industry handle various commodities, usually palletized and transported in containers or van trailers. Establishments typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes establishments operating as truckload or less-than-truckload carriers.

    Industry Products
  • Prepared foodstuffs
  • Miscellaneous manufacturing products
  • Paper products
  • Wood products
  • Machinery and precision instruments
  • Mixed freight
  • Furniture
  • Industry Activities
  • Long-distance truckload transit
  • Long-distance less-than-truckload transit
  • Similar Industries
  • Local Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Toll Roads & Weigh Stations
  • Public Storage & Warehousing
  • Couriers & Local Delivery Services
  • Local Freight Trucking in California
  • Long-Distance Freight Trucking in California
  • Local Freight Trucking in New York
  • Long-Distance Freight Trucking in New York
  • Local Freight Trucking in Illinois
  • Long-Distance Freight Trucking in Illinois
  • Local Freight Trucking in Texas
  • Long-Distance Freight Trucking in Texas
  • Local Freight Trucking in Florida
  • Long-Distance Freight Trucking in Florida
  • Local Freight Trucking in Massachusetts
  • Long-Distance Freight Trucking in Massachusetts
  • Local Freight Trucking in Ohio
  • Long-Distance Freight Trucking in Ohio
  • Local Freight Trucking in Pennsylvania
  • Long-Distance Freight Trucking in Pennsylvania
  • Local Freight Trucking in New Jersey
  • Long-Distance Freight Trucking in New Jersey
  • Long-Distance Freight Trucking in Georgia
  • Local Freight Trucking in Michigan
  • Local Freight Trucking in Wisconsin
  • Long-Distance Freight Trucking in Wisconsin
  • Local Freight Trucking in Washington
  • Long-Distance Freight Trucking in Washington
  • Local Freight Trucking in Virginia
  • Long-Distance Freight Trucking in Virginia
  • Local Freight Trucking in Tennessee
  • Long-Distance Freight Trucking in Tennessee
  • Local Freight Trucking in North Carolina
  • Long-Distance Freight Trucking in North Carolina
  • Local Freight Trucking in Minnesota
  • Long-Distance Freight Trucking in Minnesota
  • Local Freight Trucking in Maryland
  • Long-Distance Freight Trucking in Maryland
  • Local Freight Trucking in Colorado
  • Long-Distance Freight Trucking in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending in Michigan
  • Total trade value
  • Freight transportation services index
  • Manufacturing GDP for Michigan
  • Price of diesel

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long-Distance Freight Trucking in Michigan Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Freight Forwarding Brokerages & Agencies

  • Key Selling Industries
  • Auto Parts Stores
  • Fuel Dealers
  • Gasoline & Petroleum Wholesaling
  • Tire Dealers
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Prepared foodstuffs
  • Other
  • Miscellaneous manufacturing products
  • Paper products
  • Wood products
  • Machinery and precision instruments
  • Mixed freight
  • Furniture
  • Chart: Long-Distance Freight Trucking in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Domestic: 500.0 - 999.0 miles
  • Domestic: 1000.0+ miles
  • Domestic: 0.0 - 499.0 miles
  • Mexico
  • Canada
  • Chart: Major Market Segmentation for the Long-Distance Freight Trucking in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Long-Distance Freight Trucking in Michigan

  • Basis of Competition
    Barriers to Entry
    Evans Distribution Systems Inc., JB Hunt Transport Inc., Knight-Swift Transportation Holdings Inc., Rush Trucking Corporation,
  • Table: Evans Distribution Systems Inc. - financial performance
  • Table: JB Hunt Transport Inc. - financial performance
  • Table: Knight-Swift Transportation Holdings Inc. - financial performance
  • Table: Rush Trucking Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance Freight Trucking in Michigan Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Long-Distance Freight Trucking in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Manufacturing GDP for Michigan (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Delivered In-Full On-Time (Difot)
  • A measurement of delivery performance in a supply chain that evaluates how often customers get their orders on time.
  • Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the increased cost of fuel.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing raw materials needed for the immediate term only.
  • Less-Than-Truckload (Ltl)
  • Truck shipments weighing between 100.0 and 10,000.0 pounds.
  • Truckload
  • Truck shipments weighing more than 10,000.0 pounds and generally carried by semitrailers.
  • What Our Customers Say

    Why buy this report?

    The Long-Distance Freight Trucking in Michigan industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
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    This report on Long-Distance Freight Trucking in Michigan:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Long-Distance Freight Trucking in Michigan market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Long-Distance Freight Trucking in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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