In transit: Rebound diesel fuel prices will likely bolster industry revenue
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 trailers, has expanded over the five years to 2019. Increases in disposable income and low unemployment fueled consumer spending on commercial goods during the period, generating demand for 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 2024, 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 as well as increasing freight rates.
Operators in this industry provide specialized road transportation for cargo using trucks and trailers. Local trucking operators 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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Real Gross Domestic Product
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