Over the past five years the Local Specialized Freight Trucking industry has been recovering from the recession, as the rebounding economic increased demand for industry services. As the economy improved, industry revenue bounced back from its abnormally low 2009 levels. However, the industry has still not recovered to prerecession levels, as certain downstream markets have remained fragile. Over the next five years, industry revenue will continue to rise as economic growth improves. Increased consumer spending and continued growth of the industrial and construction sectors are anticipated to be the primary drivers that increases demand for industry services. Moreover, the trend in outsourcing trucking and logistics, coupled with just-in-time (JIT) delivery, will further boost demand for specialized trucking, finally enabling industry revenue to surpass prerecession levels.
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.