Despite several bumps in the road, the Tank and Refrigeration Trucking industry has improved over the past five years. Steady increases in consumer spending and international trade activity have benefited industry operators. However, growth has been limited by relatively weak construction activity and severe drops in the world price of crude oil. Moving forward, industry revenue will benefit from stable demand from downstream customers. As consumer spending on staple goods increases, demand for industry shipping services will continue to grow. However, external competition from other modes of transportation and potential labour shortages will hinder industry operations.
This industry provides long-distance trucking services for atypical cargo requiring specialized transportation. Companies in this industry transport bulk liquids, frozen goods, dry bulk materials, forest products, automobiles and other specialized freight between metropolitan areas. However, this industry does not include the transport of used goods.
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.