Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide long-distance transportation by truck of general freight, in which freight from a single shipper makes up a truckload. Major companies include JB Hunt, Swift Transportation, Schneider National, and Werner Enterprises (all based in the US), along with Seino Transportation (Japan) and TFI International (Canada).
Demand is driven by consumer spending and manufacturing output. The profitability of individual companies depends on efficient operations. Large companies have advantages in account relationships, bulk fuel purchasing, fleet size, and access to drivers. Small operations can compete effectively by providing quick turnaround, serving a local market, or transporting unusually sized goods. The US industry is fragmented: the 50 largest companies account for about 40% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
A truckload (TL) customer typically loads a trailer full (or nearly full); the carrier then transports the container, and a receiver unloads the contents. Shipments are usually delivered within one or two days, depending on the distance.
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