Industry Analysis & Industry Trends
The Long-Distance Freight Trucking industry has experienced modest growth over the past five years as the economy has begun to recover. However, the slow pace of this recovery and subpar industrial output have caused demand for industry services to remain relatively weak. The industry has also experienced rising competition from external industries. Low barriers to entry and weakened downstream demand have intensified price competition. Over the next five years, although increased trade, manufacturing and retail activity will stimulate growth during this period, competition from other modes of transportation will continue to curb industry revenue... purchase to read more
Industry Report - Industry Products Chapter
Services in the Long-Distance Freight Trucking industry can be segmented into two primary groups: truckload freight, or shipments weighing more than 4,536 kilograms, and less-than-truckload (LTL) freight, which includes shipments that weigh between 45 kilograms and 4,536 kilograms. Companies may specialize in just one of these services, though it is common for industry operators to provide both truckload and LTL services. Additionally, many operators supplement these activities with services that are not directly associated with long-distance freight trucking, such as the shipment of climate-controlled containers and a variety of value-added services.
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