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General Freight Trucking Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: General Freight Trucking


Overview: the U.S. General Freight Trucking Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


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 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


Order at top of page
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 2017 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
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
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

  • Imc Companies trademarks "AN IMC CO. ECD EAST COAST DRAYAGE A DIVISION OF NATIONAL DRAYAGE SERVICES" - Freight transportation by truck, train, and intermodal transportation; Drayage and cartage services; Storage and delivery of goods - 02/02/2018
  • Western Flyer Express trademarks "@DRIVEWFX" - Personnel recruitment for commercial truck drivers - 02/02/2018
  • Asm trademarks "ALL SERVICE MOVING" - Moving and storage of goods - 01/27/2018
  • 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
  • KL Harring Transportation patents Cargo Tracking And Monitoring System - 02/02/2017
  • Daseke raises $4 million in funding. - 10/15/2014




  • Top Innovators

    CompanyInnovation Score
    G3 Enterprises32
    KL Harring Transportation
    First Class Services
    YRC Worldwide
    Schneider National

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • What next for freight rates in 2018? - The Baltic Dry Index, which measures global prices for the shipping ... general, demand has been growing, overall, because world economies are growing," he said, adding, "but fortunately for the cargo shippers, it’s an oversupplied market." "In 2017 the ... (01/10/2018)
    • Self-driving trucks will require railroads to take next-level approaches to digitization, customer service - “The language of freight transportation is changing, and we need to make sure we speak the same language as other industries as technology continues to change,” Darr says. “We can’t talk just railroading anymore. We need to talk general ... (01/09/2018)
    • Wabtec Corporation Appoints Donald M. Itzkoff as Vice President, Government Relations and Public Affairs - Itzkoff comes to Wabtec from General Electric Company ... "We are delighted to have Don join Wabtec to elevate the company's profile as our public transportation, freight rail and industrial portfolio expands globally," said Raymond T. (01/09/2018)
    • Today’s Top Supply Chain and Logistics News From WSJ - Phillips writes, a contentious question in the fragmented business of moving goods between ports and nearby distribution centers and freight yards. Independent drivers for many of Southern California’s port-trucking companies have been complaining about ... (01/09/2018)
    • Commentary: Negotiating the best ocean freight rates for 2018 - Locking as much freight into your contracts as possible is one of ... may not provide synergy in terms of ocean transportation and these should be kept well apart. In general, ocean transportation is an area in which going directly to the source is by ... (01/09/2018)
    • Careers: How will climate change affect the trucking industry? - And it’s not just trucking-specific concerns — disruptions in electrical power and communications, in general, can have sweeping effects ... roads and highways that truckers rely on to keep freight moving around the country. Deteriorating roads can ... (01/06/2018)
    • Cargo Industry Tests Seaplane Drones to Deliver Freight - “The first flight will follow the traditional general aviation flight-testing approach ... Such drones could allow companies to open new air shipping routes between cities with low volumes of freight. Similar cargo drones the size of aircraft have ... (01/06/2018)
    • Canadian transportation costs slipped in October: Nulogx - TORONTO, Ont. – The total cost of ground transportation for Canadian shippers declined 1% in October, according to the latest Canadian General Freight Index by Nulogx. The base rate was down 1.3% from September, while fuel accounted for 14.63% of the ... (01/04/2018)
    • Iran Shipping Lines subsidiary launches Khorramshahr-Sohar service - The Bulk and General Cargo Carriage Company, a subsidiary of the Islamic Republic of Iran Shipping Lines, has launched a new freight service between the ports of Khorramshahr and Sohar. Oman’s ambassador to Iran, Saud bin Ahmad Khalid al-Barwani ... (01/03/2018)
    • Govt agrees to enhance freight rates of oil tankers by 30pc - Since the government has agreed for the upward revision of the oil tankers’ freight rates for the hard areas, therefore All Pakistan PSO Carriage Contractor Association (APPCCA) has decided to end the week-long strike immediately, General Secretary All ... (12/28/2017)


    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



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in General Freight Trucking to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl
    Competing IndustrySales Relative to General Freight TruckingOpportunity/Threat
    Long Distance Freight Trucking Competing industry
    Long Distance Freight Trucking (Truckload) Competing industry
    Local Freight Trucking Competing industry

    Sales from other industries of Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl are less than those from General Freight Trucking. This may mean that other channels are a competitive risk of increasing their Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl sales, taking market share from this industry.
    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl Product Sales Report



    Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl
    Competing IndustrySales Relative to General Freight TruckingOpportunity/Threat
    Long Distance Freight Trucking Competing industry
    Long Distance Freight Trucking, Less Than Truckload (LTL) Competing industry
    Local Freight Trucking Competing industry

    Sales from other industries of Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl are less than those from General Freight Trucking. This may mean that other channels are a competitive risk of increasing their Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl sales, taking market share from this industry.
    Trans Box & Pallet Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl Product Sales Report



    Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd
    Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd Product Sales Report

    Trans Of Dry Bulks, Except In Intermodal Tank Containers, By Road
    Trans Of Dry Bulks, Except In Intermodal Tank Containers, By Road Product Sales Report

    Warehousing Services
    Warehousing Services Product Sales Report

    Trans Of Bulk Lqds & Gases, Except In Intermodal Tank Conts, By Road
    Trans Of Bulk Lqds & Gases, Except In Intermodal Tank Conts, By Road Product Sales Report

    Trans Of Bulk Liquids & Gases In Intermodal Tank Conts By Road
    Trans Of Bulk Liquids & Gases In Intermodal Tank Conts By Road Product Sales Report

    Drayage
    Drayage Product Sales Report

    Trans Of Climate-Controlled Intermodal Containers By Road
    Trans Of Climate-Controlled Intermodal Containers By Road Product Sales Report

    Warehousing Services - Storage Of Goods
    Warehousing Services - Storage Of Goods Product Sales Report