Industry Analysis & Industry Trends
As the economy began to recover at a slow pace, demand for Long-Distance Freight Trucking industry services remained relatively weak. The industry has come under pressure form stronger internal and external competition, and low barriers to entry has intensified price competition. Nevertheless, demand has supported by just-in-time inventory mnagement. Looking forward, the industry will continue to grow as operators benefit from declining fuel prices and increased trade... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Long-Distance Freight Trucking industry is highly fragmented, and the top four companies account for less than 10.0% of combined industry revenue in 2015. The industry has a low level of concentration primarily due to the low barriers to entry. The industry is dominated by owner-operators; for example, 83.1% of enterprises have one to four employees. With a small amount of starting capital, a potential new entrant could purchase a truck and start a freight trucking company. However, the larger and well-established industry players are the ones that gain long-term contracts and earn higher revenue.
Although the industry has a low level of market share concentration, the industry is undergoing a phase of consolidation... purchase to read more