Keep on trucking: As more businesses are established, demand for inventory shipments from warehouses and manufacturers increase

The Long-Distance Freight Trucking industry in New Jersey has expanded over the five years to 2018, albeit slower than at the national level. Operators in the industry provide less-than-truckload and truckload carrier services for various markets, including retail, wholesale and manufacturing, among others. As per capita disposable income rises in the state, consumers are more willing and able to purchase new goods, resulting in an increase in the number of businesses. Furthermore, as more businesses are being established to capitalize on rising levels of discretionary income, demand for industry services increases as businesses often require inventory be shipped from warehouses or manufacturers in other regions...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
0.4%
Forecast Growth 18-23
Profit
Employment
23,333
Businesses
7,972

Industry Threats & Opportunities

  • As businesses capitalize on rising levels of discretionary income, demand for industry services increases
  • Industry Report - Industry Key Buyers Chapter

    •Similar to the national industry, the Long-Distance Freight Trucking industry in New Jersey has a low level of market share concentration.•The top four companies in the industry generate an estimated 5.8% of industry revenue in 2018.•According to the US Census, 71.5% of establishments employ one to four people.•Barriers to entry are low, resulting in a highly fragmented industry with high levels of internal competition.•Industry operators do not distinguish themselves from their competition, allowing smaller operators to compete with larger operators...purchase to read more.

    Additional Insights for the Long-Distance Freight Trucking in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in New Jersey 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 Manufacturing GDP for New Jersey and Per Capita Disposable Income in New Jersey in the Long-Distance Freight Trucking in New Jersey industry impact industry performance..

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    What's in this report

    What is the Long-Distance Freight Trucking in New Jersey 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
  • Truckload carriers
  • Less-than-truckload carriers
  • Other transportation services
  • Industry Activities
  • Long-distance truckload transit
  • Long-distance less-than-truckload transit
  • Similar Industries
  • Local Freight Trucking
  • Local Specialized Freight 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 Georgia
  • Local Freight Trucking in Michigan
  • Long-Distance 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
  • Manufacturing GDP for New Jersey
  • Per Capita Disposable Income in New Jersey
  • Number of Businesses in New Jersey
  • External competition for the Long-Distance Freight Trucking industry

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long-Distance Freight Trucking in New Jersey 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
  • Less-than-truckload carriers
  • Other transportation services
  • Truckload carriers
  • Chart: Long-Distance Freight Trucking in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Retail and wholesale sector
  • Manufacturing sector
  • Other
  • Chart: Major Market Segmentation for the Long-Distance Freight Trucking in New Jersey 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 New Jersey

  • Basis of Competition
    Barriers to Entry
    FedEx Freight, JB Hunt Transport Inc., Shevell Group, YRC Worldwide Inc.,
  • Table: FedEx Freight - financial performance
  • Table: JB Hunt Transport Inc. - financial performance
  • Table: Shevell Group - financial performance
  • Table: YRC Worldwide Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance Freight Trucking in New Jersey 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 New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of Businesses in New Jersey (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 what they want at the time they want it.
  • 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 and 10,000 pounds.
  • Truckload
  • Truck shipments weighing more than 10,000 pounds and generally carried by semitrailers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Long-Distance Freight Trucking in New Jersey Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
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    • Inform your decisions for marketing, strategy and planning
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    This report on Long-Distance Freight Trucking in New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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