Industry Analysis & Industry Trends
As the economy began to recover at a slow pace, demand for 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 SWOT Analysis Chapter
The Long-Distance Freight Trucking industry is in the mature stage of its life cycle. In the 10 years to 2020, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 2.5%, moving similarly to GDP's annualized growth of 2.2%. Although the industry IVA is forecast to outpace GDP, most of the industry's IVA performance is due to relatively strong wage growth, driven by the need to replace retiring drivers and attract new workers.
In general, the industry typically moves in line with the overall economy and is a good measure for economic health. Carriers transport a diverse range of goods between manufacturers, retailers and countries... purchase to read more