Industry Analysis & Industry Trends
The Long-Distance Freight Trucking industry struggled to maintain growth in the five years to 2014. The recession hurt trade activity, a main driver for the industry. However, in the five years to 2019, the industry is expected to grow at a faster rate as trade rebounds... 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 2019, the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 3.1%, moving similarly to GDP's annualized growth of 2.4%. Although the industry IVA is forecast to outpace GDP, the industry's performance in the past five years has actually been dampened by the recession's negative effect on the demand for freight. In reality 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... purchase to read more