Keep on trucking: Rising disposable income and industrial production will fuel industry growth

IBISWorld’s Long-Distance 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 Long-Distance 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.


Industry Threats & Opportunities

  • Increased trade volumes have driven the industry’s recovery during the five-year period
  • There has been a rise in goods imported into major Texas ports
  • Higher fuel prices will result in higher revenue from fuel surcharges

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    Industry Analysis & Industry Trends

    The Long-Distance Freight Trucking industry in Texas has undergone growth over the past five years due to favorable conditions following economic recovery. Over the five years to 2017, household disposable income rose, and with it consumer spending, industrial production and trade volume, all of which served to increase demand for industry transportation services. However, the revenue growth experienced during this period was somewhat limited by volatile fuel prices. Moving forward, industry revenue is expected to grow at a faster rate, due to continued favorable economic conditions and rising fuel prices, as well as an expected increase in activity at Texas' many ports in the wake of the recent expansion of the Panama Canal...

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    Industry Report - Starting a New Business Chapter

    For those wishing to enter the Long-Distance Freight Trucking industry in Texas, barriers to entry are low. Typically, the major startup cost for new businesses is the initial investment of capital. Within the industry, however, most operators lease their trucks, which greatly reduces the cost of capital. Thus, it is relatively easy for someone with little capital, experience or expertise to enter the industry. This is the reason why there are many industry players and why they are mostly small or nonemploying enterprises. In 2015, 66.6% of employing industry enterprises had less than five employees. Further, nonemploying enterprises comprised more than 95.0% of industry establishments in the same year.


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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long-Distance Freight Trucking in Texas 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 Total trade value in the Long-Distance Freight Trucking in Texas industry impact industry performance..

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    Industry Products

    What is the Long-Distance Freight Trucking in Texas Industry?

    Operators in the Long-Distance Freight Trucking industry in Texas 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

    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
  • Total trade value
  • Manufacturing GDP for Texas
  • Price of diesel
  • Per capita disposable income in Texas

  • Current Performance
  • A recovering manufacturing sector
  • Trade growth
  • Fuel prices pressure costs
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising manufacturing and higher trade volumes
  • Operation trends
  • Table: Long-Distance Freight Trucking in Texas Industry Revenue Outlook

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

  • Products & Markets
    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
  • Other transportation services
  • Less-than-truckload carriers
  • Chart: Long-Distance Freight Trucking in Texas Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWages and depreciationFuel and purchasesMaintenance and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Long-Distance Freight Trucking in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Long-Distance Freight Trucking in Texas Industry

  • Major Companies
    JB Hunt Transport Services Inc.Landstar System Inc.Swift Transportation CompanyYRC Worldwide Inc.
  • Table: JB Hunt Transport Services Inc. - financial performance
  • Table: Landstar System Inc. - financial performance
  • Table: Swift Transportation Company - financial performance
  • Table: YRC Worldwide Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance 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
    Key Statistics
    Table: Industry Data for the Long-Distance Freight Trucking in Texas Industry
  • 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
    Jargon & Glossary
    Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the increased cost of fuel.
  • 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 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 Long-Distance 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 Long-Distance 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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