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

Publisher IBISWorld
Published Nov 07, 2024
Length 84 Pages
SKU # IBSS19404036

Description

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


General Freight Trucking (Truckload) in the US

The industry is engaged in the full, single-load, long-distance and local transportation of palletized commodities by tractor-trailer or container. Industry performance is dependent on the health of the United States economy. High consumer spending, manufacturing output and trade volumes prompt revenue growth. However, the inherent volatility of fuel prices influences the industry each year because fuel surcharges account for a large portion of the industry's operating revenue. Fuel surcharges are required to mitigate the effects of changes in the price of fuel on operating costs and profit. Trucker revenue is expected to increase at a 2.5% CAGR to $89.7 billion in 2023, despite a revenue loss of 1.9% in the year as a recession looms. The average industry profit margin will account for 7.0% of revenue in 2023.

This industry comprises operators that provide freight truckload trucking. These general freight truckload carriers provide full-truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments. 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

84 Pages
TABLE OF CONTENTS

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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