Tank & Refrigeration Trucking in the US - Industry Market Research Report

IBISWorld
February 9, 2012
38 Pages - SKU: IBSS6819151
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Countries covered: United States

Going the distance: The industry gets a push from rising oil prices and improving technology

Tank & Refrigeration Trucking in the US

Going the distance

The industry has endured a rocky road over the past five years. As the country sank into recession, manufacturing, consumer spending and construction all contracted, and with them demand for freight transportation. The coming years will be a period of growth for the industry, as the improving economy causes freight volumes to jump. Climbing fuel costs will increase revenue from fuel surcharges. However, a persistent shortage of labor will force operators to raise drivers' wages and improve their work environment.

Firms in the Tank and Refrigeration Trucking industry provide long-distance specialized transportation of cargo, using trucks and trailers. Specialized freight transportation is the movement of cargo that, because of size, weight, shape or other inherent characteristics, requires specialized equipment for transportation. Companies within this industry transport automobiles, gravel, sand, dirt, chemicals, frozen goods, livestock, milk and petroleum, among other things.

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.



Additional Information

MAJOR COMPANIES

Landstar System Inc.

Werner Enterprises Inc.

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