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2018 Market Analysis & Industry Outlook: General Freight Trucking

Overview: the U.S. General Freight Trucking Industry

The rebounding economy means greater shipment of goods and an increase in freight demand. General freight trucking is struggling to recruit a workforce to accommodate the demand, while lobbying for more favorable safety regulations and federal transport spending.

As the economy rebounds, freight trucking faces a number of challenges. Fuel costs raise operating costs and break smaller providers. With an increase in freight demand nationwide, carriers will need all available funds to build a workforce and upgrade fleets. The depletion of the industry’s workforce is reaching a crisis—the economic decline forced cuts in entry level hiring and training departments. With an aging workforce and stricter guidelines than ever before, many skilled truckers are opting to retire, exacerbating the shortage.

This report provides answers to key questions about the industry:
What is the total market size (industry revenue)?

This report shows the total market size for the General Freight Trucking industry, comprised of total revenues of both public and private companies over the last five years (2012-2017), current year (2018) estimates, and outlook to 2022.

What is the industry outlook?

The industry Outlook and Forecasts show how the General Freight Trucking industry is heading over the next five years (2018-2022). Market forecasts account for historical growth, cyclical changes, and general economic outlook.

Market Analysis: Is the market growing or declining, and how quickly?

The Market Analysis section shows the five-year growth trends for General Freight Trucking, year-by-year from 2012-2017.

Are long-term forecasts positive or negative?

Forecasts for 2018-2022 for the industry show the future growth and market opportunity for General Freight Trucking companies.

"As a developer of 3    flexible warehouse and office space, we compete with numerous developers, owners and operators of real estate, many of whom own properties similar to ours in the same submarkets in which our properties are located..."
What is the average company size in the industry?

The average number of employees and average revenue for a typical General Freight Trucking company is charted over time for the last five years to the present.

How many companies are in the industry?

Track how many companies compete in the General Freight Trucking industry, and how the number of companies has changed over the past five years.

Market Size & Industry Statistics

The total U.S. industry market size for General Freight Trucking: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2013        2014        2015        2016        2017        2018*
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2018* 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the General Freight Trucking industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Moving Services

Commercial Moving Services

Transportation Of Documents And Parcels

Local Transportation And Delivery Of Small Purchased Or Serviced Items

Transportation Of Bulk Liquids And Gases In Intermodal Tank Containers By Road

Transportation Of Bulk Liquids And Gases, Except In Intermodal Tank Containers, By Road

Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Road

Transportation Of Climate-Controlled Boxed, Palletized And Other Packed Goods, Except In Intermodal Tank Containers, By Road

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Tr

Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Le

Transportation Of Climate-Controlled Intermodal Containers, Not Elsewhere Classified, By Road

Transportation Of Other Intermodal Containers, Not Elsewhere Classified, By Road

Transportation Of Livestock By Road

Transportation Of Waste By Road

Transportation Of Non-Hazardous Waste By Road

Transportation Of Hazardous Waste By Road

Transportation Of Other Goods By Road

Drayage Services

Warehousing Services

Handling Services For Goods

Storage Services For Goods

Freight Transportation Arrangement Services

Rental Of Transportation Equipment, Except Cars, Light Trucks, And Motor Homes, Without Operators

Other Products

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

General Freight Trucking Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among General Freight Trucking companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a General Freight Trucking company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the General Freight Trucking industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on General Freight Trucking measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 12%
Transportation and Material Moving Occupations 77%
Motor Vehicle Operators 65%
Driver/Sales Workers and Truck Drivers 65%
Heavy and Tractor-Trailer Truck Drivers 61%
Material Moving Workers 9%
Laborers and Material Movers, Hand 7%
Laborers and Freight, Stock, and Material Movers, Hand 7%
Source: Bureau of Labor Statistics

General Freight Trucking Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • V&S Midwest Carriers trademarks "VSMC" - Trucking and delivery services - 07/12/2018
  • G3 Enterprises trademarks "PHENESSE" - Oak products including tank staves, oak chips, and oak barrels used in the production of alcoholic beverages, wines, beers, and spirits - 07/06/2018
  • Old Dominion Freight Line trademarks "THE BEST IN THE GAME" - Promoting sports competitions and events of others - 07/02/2018
  • Pitt-Ohio Express patents Combination Wind/solar Dc Power System - 08/17/2017
  • Utility One Source raises $54 million in funding. - 05/09/2017
  • LLL Holdings raises $2 million in funding. - 05/09/2017
  • G3 Enterprises patents Apparatus And Methods For Alternative Coatings Applicable To Metal - 03/16/2017
  • Uship raises $18 million in funding. - 02/21/2017
  • KL Harring Transportation patents Cargo Tracking And Monitoring System - 02/02/2017

  • Government Contracts

    In 2016, the federal government spent a total of $69,502,337 on General Freight Trucking. It has awarded 771 contracts to 173 companies, with an average value of $401,748 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount