Local Freight Trucking in the US - Industry Market Research Report

Local Freight Trucking in the US - Industry Market Research Report

  • April 2021 •
  • 39 pages •
  • Report ID: 198958 •
  • Format: PDF
Lighten the load: Increases in consumer spending are expected to cause industry revenue to rebound

Abstract

Local Freight Trucking in the US
The Local Freight Trucking industry has experienced modest growth over the five years to 2019 as positive economic conditions stimulated industrial production and trade activity to expand. Volatile diesel fuel prices have affected industry revenue in recent years, causing declines in 2015 and 2016, and bolstering growth in 2018. However, early revenue declines were limited by relatively strong increases in per capita disposable income and consumer confidence, which boosted consumer spending and supported demand for local freight transportation. As per capita disposable income and consumer confidence continue to rise over the five years to 2024, everyday consumers are expected to be willing and able to make more discretionary purchases, with consumer spending forecast to climb. In turn, manufacturers will likely increase production levels and retailers will likely sell more goods to customers.

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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