Local Freight Trucking in Texas - Industry Market Research Report

Local Freight Trucking in Texas - Industry Market Research Report

  • March 2019 •
  • 20 pages •
  • Report ID: 5470312 •
  • Format: PDF

Wide load: Texas’s manufacturing industries have supported demand for local freight trucking services

Abstract

Local Freight Trucking in Texas
The Local Freight Trucking industry in Texas has been swelling moderately over the five years to 2017 as strengthening economic conditions have boosted demand for freight transportation services. The industry’s primary downstream buyers include the manufacturing, wholesale and retail sectors, and strong growth in Texas’s manufacturing industries and consumer spending patterns have supported demand for local freight trucking services. However, industry performance has been somewhat subdued by the sharp decline in oil prices during the period, which has dampened the amount of revenue collected in the form of fuel surcharges. Over the next five years, continued demand growth, combined with the return to growth in the price of diesel, will spur industry growth.

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 or the US-Mexico border, although 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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