The last five years have been a long road for the Local Freight Trucking industry, as the economic recovery drove the industry to expand, though not to prerecessionary highs. In the five years to 2020, the industry is expected to continue moving forward as the economy continues to recover, with industry revenue finally surpassing prerecessionary highs. A further decline in the national unemployment rate is projected to lead to greater consumer incomes and confidence. As a result, consumer spending will increase, boosting industrial and retail activity and, subsequently, demand for trucking services.
Operators in this industry provide general freight trucking services over short distances. General freight companies handle a variety of commodities, which are usually palletized and transported in a container or van trailer. Local general freight trucking companies commonly provide trucking within a metropolitan area that may cross state lines, and the trips are typically same-day return.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.