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 Key Buyers Chapter
The Long-Distance Freight Trucking industry is highly fragmented and the top four companies account for less than 10.0% of industry revenue combined in 2014. 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, 80.9% 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