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Petroleum & Chemical Trucking Services in the US Procurement Price, Data and Insights
The suppliers of these services transport crude oil, refined petroleum products (e.g. gasoline, aviation fuel, fuel oils and lubricating oils) or other liquid chemicals. In this report, suppliers are also referred to as carriers, and buyers are also called shippers. The main buyers of these services include oil and gas extractors, chemical manufacturers and petroleum refineries.
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What’s included in this market coverage
IBISWorld's research coverage on the Petroleum & Chemical Trucking Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Petroleum & Chemical Trucking Services market in the United States includes Bulk Liquid Transport, Hazardous Materials (Hazmat) Transport, Cryogenic Transport and Lube Oil and Specialty Chemical Transport. Standard coding in this coverage includes ISIC-4923-Freight transport by road, NACE-49.41-Freight Transport By Road, NAICS-484220-Specialized Freight (except Used Goods) Trucking, Local and UNSPSC-78101807-Petroleum or chemical trucking service.
What common market terminology is included?
Common market terminology included in the Petroleum & Chemical Trucking Services procurement coverage includes Loaded mile (Miles driven during which the truck is loaded with the cargo for which it is being hired. Loaded miles do not include deadhead miles, such as those to the refilling station, back to the carrier's facility, or otherwise between shipments when the tank is not filled.), Utilization rate (The percentage of miles a truck drives during which it is loaded with cargo, and can bill for shipping services.), Demurrage (A charge for detaining a truck, freight car or other vehicle beyond the free time stipulated for loading or unloading.), Less-than-truckload (A shipment consolidated with freight from other shippers before transport aboard a shared truck.), Shale (The most abundant sedimentary rock, which is a good cap rock for hydrocarbon traps.), Truckload (A shipment from a single shipper carried in a dedicated truck.) and Freight forwarder (A forum that serves as a marketplace for buyers and suppliers of freight transportation services.).
What companies are included as top suppliers?
The top companies covered in the Petroleum & Chemical Trucking Services procurement report as suppliers are Altom Transport Inc., Blueknight Energy Partners, L.P., Trimac Inc., Ruan Transportation Management Systems and Arcbest Corporation.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Petroleum & Chemical Trucking Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per loaded mile, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Petroleum & Chemical Trucking Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Petroleum & Chemical Trucking Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Petroleum & Chemical Trucking Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Petroleum & Chemical Trucking Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Petroleum & Chemical Trucking Services?
The 2026 benchmark market price for Petroleum & Chemical Trucking Services is $4.2 per loaded mile. Prices have declined at a CAGR of -2.27 from 2023-26.
Who are the top vendors in the Petroleum & Chemical Trucking Services market?
The top vendors in the Petroleum & Chemical Trucking Services market include Altom Transport Inc., Blueknight Energy Partners, L.P., Trimac Inc., Ruan Transportation Management Systems and Arcbest Corporation.
What industries supply the Petroleum & Chemical Trucking Services market?
The top industries supplying the Petroleum & Chemical Trucking Services market are Gasoline & Petroleum Wholesaling in the US, Gasoline & Petroleum Bulk Stations in the US, Metal Tank Manufacturing in the US, Steel Rolling & Drawing in the US, Truck & Bus Manufacturing in the US and Auto Parts Manufacturing in the US.
What is the supply chain risk for Petroleum & Chemical Trucking Services?
Fragmented supplier base and moderate diversity improve negotiation leverage. A dispersed carrier market, with numerous regional hazmat fleets and a few larger specialists, limits pricing power from any single provider. Buyers can run multi round tenders, award lanes individually, and use split routing strategies to keep pricing competitive and reduce reliance on one carrier. Moderate supplier diversity also allows buyers to include diverse owned fleets while maintaining service reliability.
What factors affect the price of Petroleum & Chemical Trucking Services?
Customization in petroleum and chemical trucking services increases costs due to the need for specialized equipment, unique handling procedures, and tailored logistics for different liquid types. For instance, carriers may charge higher rates for dedicated fleets that comply with strict safety protocols or require advanced temperature control systems, with pricing influenced by load complexity, distance, and regulatory demands.
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