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Long-Distance Freight Trucking in the US - Industry Market Research Report

Long-Distance Freight Trucking in the US - Industry Market Research Report

  • November 2017
  • 35 pages
  • ID: 243201

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

Abstract

Long-Distance Freight Trucking in the US

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. Trucking will continue to be the most widely used mode of freight transportation; however, the industry will experience increased competition from the Rail Transportation industry (IBISWorld report 48211).


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.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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Related Market Segments :

Trucking

Freight

ref:plp2017

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