Over the past five years, the Local Freight Trucking industry recovered most of the ground it lost to the recession, before losing ground again. However, the economy has recovered over the past five years, causing the national unemployment rate to decline and consumer income and confidence to increase. Consequently, consumers have been more willing to spend, thereby bolstering manufacturing and retail activity. In the five years to 2021, industry revenue is forecast to increase.
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.