Long-Distance Refrigerated Trucking
The Long-Distance Refrigerated Trucking industry has experienced strong gains over the past five years to 2018. Healthy increases in consumer spending, combined with a growing total trade value, led to rising demand for industry services. Steep declines in the price of diesel during the current period bolstered the profit margin and demand for trucking services, however fuel-surcharge revenue inflows suffered, which dampened revenue growth and stimulated revenue volatility. Over the five years to 2023, the industry is expected to continue benefiting from a growing economy, with higher volumes of temperature-sensitive goods requiring transportation. Traded goods and demand for meat, beef and poultry processing are forecast to increase.
Industry operators provide long-distance refrigerated trucking services, moving climate-sensitive products ranging from meat and poultry to pharmaceuticals and cosmetics, among other goods. Goods are typically transported from manufacturers to wholesalers and retailers throughout the country. This industry excludes any regional transportation services that can be completed in under a day.
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.
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