Overview

Trucking on: Improving economic conditions and a projected surge in the price of diesel will benefit the industry

IBISWorld’s Local Freight Trucking market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$44bn
Annual Growth
12-17
2.1%
Annual Growth
17-22
Profit
Employment
389,565
Business
216,476

Industry Threats & Opportunities

  • Upticks in consumer confidence and spending will boost demand for goods transportation
  • Many retailers and manufacturers have outsourced trucking operations
  • As the overall economy strengthens, consumer income and confidence are anticipated to improve

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    Industry Analysis & Industry Trends

    Over the past five years, the Local Freight Trucking industry recovered most of the ground it lost to the recession. Improving economic conditions as well as rising downstream manufacturing, retail activity and consumer confidence and spending have further benefited the industry. In the five years to 2022, industry revenue is forecast to increase, benefiting from high fuel prices and growing demand for industry services...

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    Industry Report - Industry Products Chapter

    The primary role of the Local Freight Trucking industry is to deliver goods on behalf of a third party. Accordingly, the industry's two main activities are truckload and less-than-truckload (LTL) transportation. Though some industry companies specialize in just one of these product segments, most operators provide both truckload and LTL services. As demand from manufacturing and wholesale trade increases, local freight trucking is expected to benefit.

    Truckload transportation

    Truckload carriers dominate the Local Freight Trucking industry, accounting for 46.8% of revenue. Truckload is defined as consignments weighing more than 10,000 pounds. Tru..

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    Additional Insights for the Local Freight Trucking Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Local Freight Trucking 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 Industrial production index in the Local Freight Trucking industry impact industry performance..

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    Industry Products

    What is the Local Freight Trucking 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, and the trips are typically same-day return.

    Industry Products
    Truckload transportation
    Less-than-truckload transportation
    Intermodal transportation
    Other Services
    Dry bulk transportation
    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

    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
  • Consumer spending
  • Price of diesel

  • Current Performance
  • Bumpy ride
  • Industry consolidation
  • Increasing profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing demand
  • External competition
  • Table: Local Freight Trucking Industry Revenue Outlook

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

  • Products & Markets
    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
  • Truckload transportation
  • Less-than-truckload transportation
  • Other Services
  • Intermodal transportation
  • Dry bulk transportation
  • Chart: Local Freight Trucking Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other wholesalers and manufacturers
  • Petroleum product wholesalers
  • Petroleum and coal products manufacturing
  • Farm product wholesalers
  • Nonmetallic mineral product manufacturing
  • Food and beverage manufacturing
  • Chemical manufacturing
  • Grocery wholesalers
  • Chart: Major Market Segmentation for the Local Freight Trucking Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent, utilities, depreciation and marketing
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Local Freight Trucking

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Local Freight Trucking 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 Local Freight Trucking Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (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
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • 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 Local Freight Trucking:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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