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Local Specialized Freight Trucking in the US - Industry Market Research Report

  • June 2017
  • 35 pages
  • Ibisworld
Report ID: 286543

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

Abstract
Local Specialized Freight Trucking in the US

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.

Over the five years to 2022, the industry will continue to benefit from growing consumer spending and expanding construction activity, while a projected rise in the price of diesel fuel will bolster industry revenue growth by enabling operators to generate income through surcharges.

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.

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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