Local Specialized Freight Trucking in the US
The Local Specialized Freight Trucking industry, which transports oil, ores, grains, gases, frozen food and other freight that requires specialized care, has expanded over the five years to 2018. During this period, steady increases in disposable income and low unemployment fueled consumer spending on commercial goods, generating demand for the transportation of retail products, climate-controlled goods and other specialized freight. Moreover, surging activity in US industrial sectors has caused contractors to increasingly rely on specialized trucks to transport construction materials, while growing oil and gas production has boosted demand for industry tanker trucks. Over the five years to 2023, the industry will continue to benefit from expanding consumer spending and construction activity, while a projected rise in the price of diesel fuel will bolster industry revenue by enabling operators to generate income through surcharges.
Operators in this industry provide specialized road transportation for cargo using trucks and trailers. Local trucking establishments provide trucking within metropolitan areas that may cross state lines, and trips are often same-day return. Specialized freight transportation is the movement of cargo that requires specialized equipment for transportation because of the shipment’s size, weight and shape.
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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