Wide load: Texas's manufacturing industries have supported demand for local freight trucking services

The Local Freight Trucking industry in Texas has been swelling moderately over the five years to 2017 as strengthening economic conditions have boosted demand for freight transportation services. The industry's primary downstream buyers include the manufacturing, wholesale and retail sectors, and strong growth in Texas's manufacturing industries and consumer spending patterns have supported demand for local freight trucking services. However, industry performance has been somewhat subdued by the sharp decline in oil prices during the period, which has dampened the amount of revenue collected in the form of fuel surcharges. Over the next five years, continued demand growth, combined with the return to growth in the price of diesel, will spur industry growth...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
1.4%
Forecast Growth 17-22
Profit
Employment
45,853
Businesses
30,993

Industry Threats & Opportunities

  • Industry performance has been somewhat subdued by the sharp decline in oil prices, which dampened fuel-surcharge revenue
  • Demand from the manufacturing, wholesale and retail sectors has driven growth
  • The industry is forecast to continue expanding as demand continues trending upward
  • Additional Insights for the Local Freight Trucking in Texas Industry

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

  • Market research and understanding
  • Access to quality personnel management
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Freight transportation services index and Consumer Spending in Texas in the Local Freight Trucking in Texas industry impact industry performance..

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    What's in this report

    What is the Local Freight Trucking in Texas Industry?

    Operators in this industry provide general freight trucking services over short distances. General freight companies handle a variety of commodities, which are usually palletized and transported in a container or van trailer. Local general freight trucking companies commonly provide trucking within a metropolitan area that may cross state lines or the US-Mexico border, although the trips are typically same-day return.

    Industry Products
  • TL transportation
  • LTL transportation
  • Intermodal transportation
  • Dry bulk transportation
  • Other services
  • Industry Activities
  • Local truckload delivery
  • Local less-than-truckload (LTL) delivery
  • General freight trucking on a local basis
  • Bulk mail truck transportation on a contract and local basis
  • Similar Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Toll Roads & Weigh Stations
  • 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
  • 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
  • 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
  • Freight transportation services index
  • Consumer Spending in Texas
  • Manufacturing GDP for Texas
  • Price of diesel

  • Current Performance
  • Rising demand boosts revenue
  • Operating costs dampen growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Fuel prices spur growth
  • Competition persists
  • Table: Local Freight Trucking in Texas Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Wholesale Trade
  • Retail Trade

  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Tire Wholesaling

  • Products & Services
  • TL transportation
  • Intermodal transportation
  • LTL transportation
  • Dry bulk transportation
  • Other services
  • Chart: Local Freight Trucking in Texas Industry Products and Services Segmentation

  • Major Markets
  • Other wholesaling
  • Other manufacturing
  • Petroleum and coal products manufacturing
  • Chemical manufacturing
  • Petroleum product wholesalers
  • Farm product wholesalers
  • Grocery wholesalers
  • Chart: Major Market Segmentation for the Local Freight Trucking in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent, utilities, depreciation and marketingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Local Freight Trucking in Texas

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Local Freight Trucking in Texas Industry

  • Central Freight Lines Inc., FedEx Corporation, J. B. Hunt Transport Services Inc., Saia Inc., Stevens Transport,
  • Table: Central Freight Lines Inc. - financial performance
  • Table: FedEx Corporation - financial performance
  • Table: J. B. Hunt Transport Services Inc. - financial performance
  • Table: Saia Inc. - financial performance
  • Table: Stevens Transport - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Local Freight Trucking in Texas 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 Local Freight Trucking in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of diesel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Containerized
  • A method of transporting freight using intermodal containers that can be carried by truck, rail or barge.
  • Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the cost of fuel.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing raw materials for the immediate term only.
  • Less-Than-Truckload (Ltl)
  • Truck shipments between 100 and 10,000 pounds.
  • Owner-Operator
  • A person who owns and operates the business. Many truck drivers in this industry are self-employed owner-operators.
  • Truckload
  • Truck shipments that weigh more than 10,000 pounds and are generally carried by semitrailers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Local Freight Trucking in Texas Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Local Freight Trucking in Texas industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Freight Trucking in Texas:
    • 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 Freight Trucking in Texas 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 Freight Trucking in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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