Local Freight Trucking in the US
The Local Freight Trucking industry has experienced modest growth over the past five years as improving economic conditions have caused industrial production and trade activity to expand. In recent years, substantial declines in diesel fuel prices have negatively affected industry revenue; however, this decline has been partly staved off by relatively strong increases in per capita disposable income and consumer confidence. Over the five years to 2023, revenue is expected to continue to rise as per capita disposable income and consumer confidence continue to rise in coming years, and everyday consumers will be willing and able to make more discretionary purchases. This, along with rising industrial production, will help sustain demand for industry services. In addition, diesel prices are forecast to improve, benefiting revenue.
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.
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