Long-Distance Freight Trucking in the US - Industry Market Research Report
Description
Long-Distance Freight Trucking in the US
Long-distance freight trucking service performance broadly follows the US economy as increases in consumer spending, manufacturing output and trade volumes increase demand for services, which is why COVID-19 caused such havoc in 2020. Manufacturing output and commodity prices fell, leading to reduced spending on long-distance freight trucking services from the sector. Revenue is also affected by the cost of fuel fluctuations, which generate volatility for the industry by affecting fuel surcharges and the value of commodities. The unprecedented losses faced in 2020 and the ongoing economic situation led industry-wide revenue to decrease at a CAGR of 0.5% to $260.3 billion over the past five years, despite a 0.4% increase in 2023.
Operators in the industry handle various commodities, which are usually palletized and transported in containers or van trailers. Operators typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes companies operating as truckload and less-than-truckload carriers.
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."
Long-distance freight trucking service performance broadly follows the US economy as increases in consumer spending, manufacturing output and trade volumes increase demand for services, which is why COVID-19 caused such havoc in 2020. Manufacturing output and commodity prices fell, leading to reduced spending on long-distance freight trucking services from the sector. Revenue is also affected by the cost of fuel fluctuations, which generate volatility for the industry by affecting fuel surcharges and the value of commodities. The unprecedented losses faced in 2020 and the ongoing economic situation led industry-wide revenue to decrease at a CAGR of 0.5% to $260.3 billion over the past five years, despite a 0.4% increase in 2023.
Operators in the industry handle various commodities, which are usually palletized and transported in containers or van trailers. Operators typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes companies operating as truckload and less-than-truckload carriers.
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."
Table of Contents
49 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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