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General Freight Trucking (Less Than Truckload) in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 08, 2024
Length 86 Pages
SKU # IBSS19493740

Description

General Freight Trucking (Less Than Truckload) in the US - Industry Market Research Report


General Freight Trucking (Less Than Truckload) in the US

The General Freight Trucking (Less Than Truckload) industry comprises operators that provide less-than-truckload transportation of palletized commodities, primarily over long distances. Less-than-truckload (LTL) transportation involves a collection of separate loads combined together that do not individually fill up the truckload of a trailer rather than a single full load (classified as truckload shipping). This industry predominantly grows in line with the United States economy as a whole, with industry performance determined by the levels of consumer spending, manufacturing output and trade. Moreover, both revenue and profitability are heavily influenced by the price of diesel, as truckers typically respond to increases in fuel costs by implementing fuel surcharges. Overall, industry revenue has been increasing at a CAGR of 2.6% over the past five years, and is expected to reach $224.8 billion in 2023, despite a revenue loss of 1.9% in that year as a recession looms.

This industry provides freight less-than-truckload (LTL) trucking. These general freight truckload carrier establishments provide full-truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as loads combined with other shipments, as opposed to full loads. As to not repeat NAICS information, all local trucking (<100 miles) is located in report 48412, regardless of truck load capacity (truckload or less-than-load).

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

86 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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