Overview

En route: Improvements in consumer spending and construction activity will drive growth

IBISWorld’s Local Specialized Freight Trucking market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$43bn
Annual Growth
12-17
1.0%
Annual Growth
17-22
Profit
Employment
243,914
Business
57,970

Industry Threats & Opportunities

  • Demand for industry services has improved in line with recovering economic conditions
  • Falling fuel prices have reduced operating costs for many industry players
  • As the use of JIT delivery expands, customer will require specialized trucking services more frequently

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    Industry Analysis & Industry Trends

    The Local Specialized Freight Trucking industry has expanded over the five years to 2017. During this period, steady increases in disposable income and relatively low rates of unemployment fueled consumer spending on commercial goods, generating demand for the transportation of manufacturing inputs, climate-controlled products and other specialized freight. Additionally, the industry has benefited from the proliferation of just-in-time inventory management, as this system requires frequent use of for-hire specialized truck carriers...

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    Industry Report - Industry Investment Chapter

    The Local Specialized Freight Trucking industry is characterized by a moderate level of capital intensity, and industry operators are estimated to spend $0.21 on capital investments for every dollar spent on labor costs in 2017. Typical capital expenditures for this industry include relatively high-cost items such as trucks, specialized trailers, storage facilities and freight handling equipment. Though trucking companies rely on these capital inputs to operate, a significant portion of industry revenue is dedicated to labor-related costs, as workers are needed to drive trucks, handle cargo and oversee logistical operations. In 2017, expenses on wages and other employee benefits are expected to account for 25.4% of total industry revenue. At ..

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    Additional Insights for the Local Specialized Freight Trucking Industry

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

  • Accessibility to consumers
  • Having a good reputation
  • Ability to attract local support
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Industrial production index in the Local Specialized Freight Trucking industry impact industry performance..

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    Industry Products

    What is the Local Specialized Freight Trucking Industry?

    Operators in this industry provide specialized road transportation for cargo using trucks and trailers. Local trucking establishments provide trucking within metropolitan areas that may cross state lines, and trips are often same-day return. Specialized freight transportation is the movement of cargo that requires specialized equipment for transportation because of the shipment’s size, weight and shape.

    Industry Products
    Dry bulk transportation
    Bulk liquid and gas transportation
    Waste transportation and disposal
    Livestock transportation
    Climate-controlled transportation
    Automobile transportation
    Other transportation and value-added services
    Industry Activities
    Local agricultural products trucking
    Providing local automobile carrier services
    Local bulk liquid trucking
    Local dump trucking and flatbed trucking
    Local refrigerated products trucking

    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
  • Consumer spending
  • Industrial production index
  • Freight transportation services index
  • Price of diesel
  • US oil and gas production index
  • Value of construction

  • Current Performance
  • Growing demand
  • Headwinds
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Moderate demand
  • Industry landscape
  • Table: Local Specialized Freight Trucking Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Automobile Wholesaling
  • Frozen Food Wholesaling
  • Egg & Poultry Wholesaling
  • Beef & Pork Wholesaling
  • Chemical Wholesaling
  • Gasoline & Petroleum Wholesaling

  • Key Selling Industries
  • Auto Parts Manufacturing
  • Fuel Dealers
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Other transportation and value-added services
  • Dry bulk transportation
  • Bulk liquid and gas transportation
  • Waste transportation and disposal
  • Climate-controlled transportation
  • Livestock transportation
  • Automobile transportation
  • Chart: Local Specialized Freight Trucking Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mining sector
  • Petroleum, gas and chemical extraction and processing sectors
  • Other
  • Manufacturing and automotive sectors
  • Agricultural sector
  • Construction sector
  • Chart: Major Market Segmentation for the Local Specialized Freight Trucking Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Local Specialized 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 Specialized 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 Specialized 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)
  • Industrial production index (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 transport operators to cover the increased cost of fuel. It is charged in addition to the freight rate.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Less-Than-Truckload
  • Truck shipments between 100 pounds and 10,000 pounds.
  • Truckload
  • Truck shipments that weigh greater than 10,000 pounds. These shipments are generally carried by semi-trailers.
  • 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 Specialized 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 Specialized 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 Specialized 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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