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

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...read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
126,359
Businesses
49,729

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
  • Industry Report - Industry Analysis Chapter

    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, manufacturing has undergone boom-bust cycles in the state, but has ultimately expanded during the five-year period. Manufacturing increases have followed increases in retail, which have led to companies replacing their inventories. Restocking inventories typically result in higher freight volumes, which is a plus for industry operators.Rises in trade volumes have also been a boon for a state so actively engaged in the trading sector, particularly with Mexico. Long-distance trucking is a vital part of the process by which imported and exported goods are sent to their final US destinations. Las...purchase to read more.

    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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    What's in this report

    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
  • 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
  • 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
  • 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

  • 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
    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

  • JB Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Landstar System Inc., YRC Worldwide Inc.,
  • Table: JB Hunt Transport Services Inc. - financial performance
  • Table: Knight-Swift Transportation Holdings Inc. - financial performance
  • Table: Landstar System Inc. - financial performance
  • Table: YRC Worldwide Inc. - financial performance

  • 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
    Table: Industry Data for the Long-Distance 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
    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.
  • What Our Customers Say

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    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    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

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