Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide long-distance and local freight trucking, including truckload (TL) and less-than-truckload (LTL) services. Major companies include US-based JB Hunt, Knight-Swift Transportation, Schneider National, XPO Logistics, and YRC Worldwide, as well as Hitachi Transport System and Seino Transportation (Japan), Eddie Stobart (UK), and TFI International (Canada).
The rapid growth of online shopping and quick delivery options is expected to change patterns of demand for trucking services. As the number of brick-and-mortar retail locations declines, so will demand for long-haul dry van trucking. However, online purchases will increase the need for less-than-truckload hauls, medium-duty commercial vehicles, short-haul, and last-mile transportation.
PRODUCTS, OPERATIONS & TECHNOLOGY
General trucking services include long-distance (85% of industry revenue) and local (15%) trucking. These classifications can be subdivided into truckload (TL) and less-than-truckload (LTL) services.
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