The industry has traveled a tough road over the past five years. As the country sank into recession, manufacturing, consumer spending and construction all contracted, and demand for freight transportation followed suit. The coming years will be a period of growth for the industry, as the improving economy causes freight volumes to jump. Climbing fuel costs will increase revenue from fuel surcharges. However, a persistent shortage of labor will force operators to raise drivers' wages and improve their work environment.
This industry comprises establishments that provide long-distance specialized transportation of cargo using trucks and trailers. Specialized freight transportation moves cargo that, because of size, weight, shape or other inherent characteristics, requires specialized equipment for transportation. Companies within this industry transport items such as automobiles, gravel, sand, dirt, chemicals, frozen goods, livestock, milk and petroleum.
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.