The long haul: Growing consumer demand and continued economic growth will boost industry revenue

The Long-Distance Freight Trucking industry in Ohio is composed of companies that primarily provide general long-distance truckload transit and general long-distance less-than-truckload transit. As a result, the trends experienced in demand for industry services are similar to the national industry because operations are not always localized. Nonetheless, due to the highly fragmented nature of the industry, regional differences occur and state-specific trends have an effect on performance. Over the five years to 2018, Ohio industry revenue is expected to increase an annualized 1.7% to $9.1 billion. This includes 1.4% growth in 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
1.7%
Forecast Growth 18-23
Profit
Employment
50,299
Businesses
16,425

Industry Threats & Opportunities

  • Due to the highly fragmented nature of the industry, regional differences occur and state-specific trends have an effect on performance
  • Industry Report - Industry Locations Chapter

    Of the 16,425 establishments located in Ohio, the plurality is located in the Cleveland/Northeast region. This area is expected to account for 32.3% of the total. The increased density of establishments in this region is due to its importance as a shipping hub. Not only does Cleveland have a large portion of the total state population, but it is also located on Lake Erie and is accessible to New York and Pennsylvania by highway. As a result, the region is important as a large amount of goods are shipped in and out. The Cincinnati/Southwest and Columbus/Central regions account for similar levels at 19.8% and 19.7%, respectively. Thi...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in Ohio 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 Industrial production index and Manufacturing GDP for Ohio in the Long-Distance Freight Trucking in Ohio industry impact industry performance..

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    What's in this report

    What is the Long-Distance Freight Trucking in Ohio 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
  • 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
  • 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
  • Industrial production index
  • Manufacturing GDP for Ohio
  • Freight transportation services index
  • External competition for the Long-Distance Freight Trucking industry
  • Total trade value

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

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

  • Basis of Competition
    Barriers to Entry
    FedEx Freight, J. B. Hunt Transport Services Inc., R&J Trucking Inc., Schneider National Inc.,
  • Table: FedEx Freight - financial performance
  • Table: J. B. Hunt Transport Services Inc. - financial performance
  • Table: R&J Trucking Inc. - financial performance
  • Table: Schneider National Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance Freight Trucking in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Price of Diesel (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

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    This report on Long-Distance Freight Trucking in Ohio:
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    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • 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 Ohio 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

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