The long haul: Industry revenue will rise with increased trade volume and overall growth in industrial production

The Long-Distance Freight Trucking industry returned to growth as consumer conditions improved, resulting in increased trade volume and overall growth in industrial production. In recent years, massive drops in fuel prices have negatively affected industry revenue. However, these declines have been partly staved off by relatively strong increases in per capita disposable income, which boosts consumer spending and supports demand for long-distance freight transportation. However, with healthier profit margins, industry participants have been forced to offer competitive wages and benefits to draw in and retain the best employees. Over the five years to 2022, revenue is expected to increase...purchase to read more.

Industry Statistics & Market Size
Revenue
$185bn
Annual Growth 12-17
1.1%
Forecast Growth 17-22
Profit
Employment
1.1m
Businesses
397,861
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Declines have been partly staved off by strong increases in per capita disposable income, boosting consumer spending
  • Industry operators have made it a focus to try and bolster their staff levels
  • Operators will increase costs in line with current expenditure to the benefit of revenue generated from fuel surcharges
  • Industry Report - Industry Investment Chapter

    The Long-Distance Freight Trucking industry is a low capital-intensive industry. In 2017, IBISWorld estimates that $0.10 of capital is invested for every dollar spent on labor. Capital intensity has not changed significantly over the five years to 2017. The industry does not have excessively high capital investment requirements; a driver can get a loan for a truck and easily become a freight-trucking operator. However, because of the highly competitive nature of the industry and low profit, capital investment is used to maximize capacity. Multiple truck drivers often operate in shifts, ensuring a truck is in service for the maximum number of hours per day...purchase to read more.

    Additional Insights for the Long-Distance Freight Trucking Industry

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

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    What's in this report

    What is the Long-Distance Freight Trucking Industry?

    Operators in the Long-Distance Freight Trucking industry 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
  • General long-distance truckload transit
  • General long-distance less-than-truckload transit
  • Logistics planning
  • Container trucking, long-distance
  • Motor freight trucking, long-distance
  • 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
  • Industrial production index
  • Per capita disposable income
  • Price of diesel
  • Total trade value

  • Current Performance
  • Early rise in demand
  • Fuel prices pressure revenue
  • Chart: Revenue Growth

  • Industry Outlook
  • Macroeconomic trends
  • Limiting factors
  • Operating conditions
  • Table: Long-Distance Freight Trucking Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long-Distance Freight Trucking 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 Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Fuel and purchases
  • Maintenance and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Long-Distance Freight Trucking

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Long-Distance Freight Trucking Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Long-Distance 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
    Table: Industry Data for the Long-Distance 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
    Delivered In-Full On-Time (Difot)
  • A measurement of delivery performance in a supply chain that evaluates how often customers get what they want at the time they want it.
  • Fuel Surcharge
  • An additional charge introduced by transportation operators to cover the increased cost of fuel.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing raw materials needed for the immediate term only.
  • 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

    Why buy this report?

    IBISWorld’s Long-Distance Freight Trucking Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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