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Local Freight Trucking in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Local Freight Trucking Market Research Report | NAICS 48411 | Feb 2017

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 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
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
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
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry are typically low throughout the transportation sector as there are relatively few capital and knowledge requirements that could prevent an operator from entering the market. For example, Local Freight Trucking industry players generally need only a commercial driver's license (CDL) and a truck to begin operating. To obtain a CDL, most states require an individual to be 18 years old; however, licensing requirements differ from state to state. Other factors, such as increasing compliance costs in meeting environmental regulations, may also act as deterrents to entry.

The relative ease with which a new competitor can enter the industry causes there to be a large number of small operators and sole proprietors in the market for local freight trucking. An .. ... purchase to read more

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... purchase to read more


    Industry ProductsRelated Reports

    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 transportationOther ServicesDry bulk transportation
    Industry Activities
    Local truckload deliveryLocal less-than-truckload (LTL) deliveryGeneral freight trucking on a local basisBulk 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 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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