General Freight Trucking (Truckload) in the US - Industry Market Research Report

General Freight Trucking (Truckload) in the US - Industry Market Research Report

General Freight Trucking (Truckload) in the US

The industry is engaged in the full, single-load, long-distance and local transportation of palletized commodities by tractor-trailer or container. Industry performance is dependent on the health of the United States economy. High consumer spending, manufacturing output and trade volumes prompt revenue growth. However, the inherent volatility of fuel prices influences the industry each year because fuel surcharges account for a large portion of the industry's operating revenue. Fuel surcharges are required to mitigate the effects of changes in the price of fuel on operating costs and profit. Trucker revenue is expected to increase at a 2.5% CAGR to $89.7 billion in 2023, despite a revenue loss of 1.9% in the year as a recession looms. The average industry profit margin will account for 7.0% of revenue in 2023.

This industry comprises operators that provide freight truckload trucking. These general freight truckload carriers provide full-truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments. As to not repeat NAICS information, all local trucking (<100 miles) is located in report 48412, regardless of truck load capacity (truckload or less-than-load).

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."