Overview

En route: Improvements in consumer spending and construction activity will drive growth

IBISWorld’s industry research report on Local Specialized Freight Trucking in New York contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Demand for industry services has improved in line with recovering economic conditions
  • Substantial production from the nation's oil and gas extraction industries has bolstered demand
  • A prolonged shortage of commercial truck drivers could hinder industry expansion

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    Industry Analysis & Industry Trends

    The Local Specialized Freight Trucking industry in New York has experienced modest growth over the past five years as steady increases in consumer confidence and per capita disposable income have fueled spending on commercial goods, generating demand for the transportation of manufacturing inputs, climate-controlled products and other specialized freight. However, industry growth has been somewhat limited by multiple shocks to the price of oil, which have constrained demand from downstream extraction facilities. Moving forward, increased consumer spending and rising construction activity will continue to drive industry growth...

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    Industry Report - Industry Locations Chapter

    Establishments in the Local Specialized Freight Trucking industry in New York are largely distributed according to the geographic spread of downstream extraction, manufacturing and agricultural industries. For example, Long Island is one of the state's top producers of agricultural goods, generating substantial demand for dry bulk and climate-controlled transportation services. Moreover, the region includes Suffolk County, which hosts more industry establishments than any other county in the state. Consequently, Long Island is the largest region for industry operators, containing an estimated 19.7% of total industry establishments in 2017. Sim..

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    Additional Insights for the Local Specialized Freight Trucking in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Local Specialized Freight Trucking in New York Industry are

  • Having a good reputation
  • Ability to attract local support
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of private nonresidential construction in New York in the Local Specialized Freight Trucking in New York industry impact industry performance..

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    Industry Products

    What is the Local Specialized Freight Trucking in New York Industry?

    This industry provides trucking services for atypical cargo requiring specialized transportation. Companies in this industry transport bulk liquids, frozen goods, dry bulk materials, forest products, automobiles and other specialized freight within metropolitan areas that may cross state lines, and trips are often same-day return. The industry includes establishments operating as carriers in New York.

    Industry Products
    Dry bulk transportation
    Bulk liquid and gas transportation
    Climate-controlled transportation
    Transportation of other goods
    Other services
    Automobile transportation
    Waste transportation and disposal
    Industry Activities
    Local agricultural products trucking
    Providing local automobile carrier services
    Providing local boat, log, sand and coal hauling services
    Local bulk liquid trucking
    Local dump trucking and flatbed trucking
    Local refrigerated products trucking

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of private nonresidential construction in New York
  • Freight transportation services index
  • Consumer Spending in New York
  • Manufacturing GDP for New York
  • Price of diesel

  • Current Performance
  • Expansion and headwinds
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Industry landscape
  • Table: Local Specialized Freight Trucking in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Local Specialized Freight Trucking in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Automobile Wholesaling
  • Frozen Food Wholesaling
  • Egg & Poultry Wholesaling
  • Beef & Pork Wholesaling
  • Chemical Wholesaling
  • Gasoline & Petroleum Wholesaling

  • Key Selling Industries
  • Auto Parts Manufacturing
  • Fuel Dealers
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Dry bulk transportation
  • Bulk liquid and gas transportation
  • Transportation of other goods
  • Climate-controlled transportation
  • Other services
  • Automobile transportation
  • Waste transportation and disposal
  • Chart: Local Specialized Freight Trucking in New York Industry Products and Services Segmentation

  • Major Markets
  • Other sectors
  • Petroleum, gas and chemical extraction and processing sectors
  • Mining sector
  • Construction sector
  • Agricultural sector
  • Manufacturing and automotive sectors
  • Chart: Major Market Segmentation for the Local Specialized Freight Trucking in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Local Specialized Freight Trucking in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Local Specialized Freight Trucking in New York Industry

  • Major Companies
    ArcBest CorporationIsland Transportation CorpNFI Industries, Inc.Old Dominion Freight Line Inc.Quality Distribution, Inc.Ward Transport & Logistics
  • Table: ArcBest Corporation - financial performance
  • Table: Island Transportation Corp - financial performance
  • Table: NFI Industries, Inc. - financial performance
  • Table: Old Dominion Freight Line Inc. - financial performance
  • Table: Quality Distribution, Inc. - financial performance
  • Table: Ward Transport & Logistics - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Local Specialized Freight Trucking in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Local Specialized Freight Trucking in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Fuel Surcharge
  • An additional charge introduced by transport operators to cover the increased cost of fuel. It is charged in addition to the freight rate.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Less-Than-Truckload
  • Truck shipments between 100 pounds and 10,000 pounds.
  • Truckload
  • Truck shipments that weigh greater than 10,000 pounds. These shipments are generally carried by semi-trailers.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Local Specialized Freight Trucking in New York:
    • 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 Local Specialized Freight Trucking in New York 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 Local Specialized Freight Trucking in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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