Long-Distance Refrigerated Trucking in the US - Industry Market Research Report

Long-Distance Refrigerated Trucking in the US - Industry Market Research Report

  • September 2019 •
  • 36 pages •
  • Report ID: 5103883 •
  • Format: PDF
Driving on: The industry will benefit from a growing economy and rising fuel prices

Abstract

Long-Distance Refrigerated Trucking
The Long-Distance Refrigerated Trucking industry has experienced volatility over the five years to 2019. Increases in consumer spending, combined with a growing total trade value, drove rising demand for industry services. However, steep declines in the price of diesel negatively impacted revenue as operators received reduced fuel surcharges. However, profit has increased over the past five years in part due to growing demand and these lower fuel costs. Over the five years to 2024, the industry is expected to benefit from a growing economy and rising fuel prices, with higher volumes of temperature-sensitive goods requiring transportation. However, mounting competition and regulations will likely affect industry growth.

Industry operators provide long-distance refrigerated trucking services, moving climate-sensitive products ranging from meat and poultry to pharmaceuticals and cosmetics, among other goods. Goods are typically transported from manufacturers to wholesalers and retailers throughout the country. This industry excludes any regional transportation services that can be completed in under a day.

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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