Trucking

Trucking

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide long-distance and local freight trucking, including truckload (TL) and less-than-truckload (LTL) services. Major companies include US-based JB Hunt, Knight-Swift Transportation, Schneider National, and XPO Logistics, as well as Eddie Stobart Logistics (UK), Hitachi Transport System and Seino Super Express (both based in Japan), and TFI International (Canada).

COMPETITIVE LANDSCAPE

The rapid growth of online shopping and quick delivery options is expected to change patterns of demand for trucking services. As the number of brick-and-mortar retail locations declines, so will demand for long-haul dry van trucking. However, online purchases will increase the need for less-than-truckload hauls, medium-duty commercial vehicles, short-haul, and last-mile transportation.

PRODUCTS, OPERATIONS & TECHNOLOGY

General trucking services include long-distance and local trucking. These classifications can be subdivided into truckload (TL) and less-than-truckload (LTL) services. Transportation of boxed, palletized, and other packaged goods by road account for about 60% of industry revenue. Transportation of other goods by road account for 10% followed by transportation of climate-controlled boxed and palletized goods and dry bulks transportation at more than 5%.