Overview

Still trucking: Growing trade volumes will support steady industry revenue growth

The Long-Distance Freight Trucking in New York 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.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Higher disposable incomes nationally have increased out-of-state demand, benefiting the industry
  • With still rising consumer spending, trade volumes are picking up
  • Diesel’s price volatility will make it difficult for industry operators to estimate future costs

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    Industry Analysis & Industry Trends

    Following the recession, the Long-Distance Freight Trucking industry returned to growth as household disposable income grew, leading to increases in industrial production and general trade volume. Although massive drops in fuel prices have recently hurt industry revenue, a less sizable drop in 2016 is expected to be mitigated by a relatively strong increase in disposable income, which boosts consumer spending and supports demand for long-distance freight transportation. In the coming years, trucking will continue to be the most widely used mode of freight transportation, although the industry will experience increased competition due to fluctuations in fuel prices and greater consumer concern regarding environmental sustainability...

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    Industry Report - Industry Products Chapter

    Activities in the industry can be broken up into two general groups: truckload freight, or consignments weighing more than 10,000 pounds, and less-than-truckload (LTL) freight, which encompasses consignments under 10,000 pounds but more than 150 pounds. Although some companies specialize in one segment, most operators provide truckload and LTL services. These activities are often coupled with other transportation services such as logistics. Consequently, many large companies also generate revenue that is not directly associated with this industry. As demand from manufacturing and the wholesale trade sectors increase, long-distance freight trucking is expected to benefit.

    Truckload carriers

    Truckload carriers dominate the Long-Distance Freight Trucking industry. The..

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in New York 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 Freight transportation services index and Industrial production index in the Long-Distance Freight Trucking in New York industry impact industry performance..

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    Industry Products

    What is the Long-Distance Freight Trucking in New York 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 in New York state.

    Industry Products
    Truckload carrier services
    Less-than-truckload carrier services
    Other transportation services
    Industry Activities
    Long-distance truckload transit
    Long-distance less-than-truckload transit
    Logistics services
    Storage services

    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
  • Freight transportation services index
  • Industrial production index
  • Manufacturing GDP for New York
  • Government funding for highways
  • Price of diesel

  • Current Performance
  • Macroeconomic changes and their effects
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Limiting factors
  • Environmental concerns
  • Table: Long-Distance Freight Trucking in New York Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Metal Wholesaling
  • Retail Trade
  • Freight Forwarding Brokerages & Agencies
  • Commercial Building Construction

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

  • Products & Services
  • Other transportation services
  • Truckload carrier services
  • Less-than-truckload carrier services
  • Chart: Long-Distance Freight Trucking in New York Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing sector
  • Wholesale
  • Other
  • Chart: Major Market Segmentation for the Long-Distance 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
  • Wages
  • Fuel and purchases
  • Maintenance and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Long-Distance Freight Trucking in New York

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Long-Distance Freight Trucking in New York Industry

  • Major Companies
    ArcBest CorporationIsland Transportation CorpOld Dominion Freight Line Inc.Transnational Logistics CorpWard Transport & Logistics
  • Table: ArcBest Corporation - financial performance
  • Table: Island Transportation Corp - financial performance
  • Table: Old Dominion Freight Line Inc. - financial performance
  • Table: Transnational Logistics Corp - financial performance
  • Table: Ward Transport & Logistics - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance 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 Long-Distance Freight Trucking in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • NY - Manufacturing GDP for New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • 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 Long-Distance 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 Long-Distance 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 Long-Distance 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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