Long-Distance Freight Trucking in New York - Industry Market Research Report

Long-Distance Freight Trucking in New York - Industry Market Research Report

  • February 2020 •
  • 31 pages •
  • Report ID: 5865701 •
  • Format: PDF
Still trucking: Stable fuel prices and price competition may reduce revenue growth

Abstract

Long-Distance Freight Trucking in New York
Following the recession, the Long-Distance Freight Trucking industry returned to growth as household disposable income grew, leading to increases in industrial production and general trade volume. Although massive drops in fuel prices have recently hurt industry revenue, a less sizable drop in 2016 is expected to be mitigated by a relatively strong increase in disposable income, which boosts consumer spending and supports demand for long-distance freight transportation. In the coming years, trucking will continue to be the most widely used mode of freight transportation, although the industry will experience increased competition due to fluctuations in fuel prices and greater consumer concern regarding environmental sustainability.

Operators in the Long-Distance Freight Trucking industry handle various commodities, usually palletized and transported in containers or van trailers. Operators typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes companies operating as truckload or less-than-truckload carriers in New York state.

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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