Long haul: Industry revenue will likely benefit from stable and recovering demand from downstream customers
Tank & Refrigeration Trucking in Canada Despite several bumps in the road, the Tank and Refrigeration Trucking industry in Canada has expanded slightly over the five years to 2019. Steady increases in consumer spending and international trade activity have created substantial opportunities for trucking companies to generate revenue by transporting goods among manufacturers, wholesalers and retailers. These trends, combined with rising trade activity between Canada and the United States, have bolstered domestic manufacturing and retail activity, generating demand for specialized trucking services. However, fuel prices remain a constant concern for industry operators. Moving forward, industry revenue will benefit from stable demand from downstream customers. At the same time, external competition from other modes of transportation and potential labour shortages will hinder industry operations.
The Tank and Refrigeration Trucking industry in Canada 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.
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