Local Freight Trucking in Florida
The Local Freight Trucking industry in Florida has experienced modest growth over the five years to 2017 as strengthening economic conditions have boosted demand for transportation services across many markets. The industry serves downstream buyers in the manufacturing, wholesale and retail sectors of the economy, all of which have swelled during the five year period. Industrial production has been volatile, but has grown overall, contributing to manufacturers' demand for the transportation of raw materials. Meanwhile, consumer spending in Florida has increased at a moderate pace, boosting demand for transportation of finished consumer products to distribution centers and retail outlets. However, industry performance has not been as strong as demand would suggest over the past five years. Industry operators earn a portion of their revenue through cost-covering fuel surcharges; with the price of diesel fuel declining drastically over the five years to 2017, the amount of revenue earned through these surcharges has been significantly dampened.
Operators in this industry provide general freight trucking services over short distances. General freight companies handle a variety of commodities, which are usually palletized and transported in a container or van trailer. Local general freight trucking companies commonly provide trucking within a metropolitan area that may cross state lines, and the trips are typically same-day return.
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.