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Local 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: Local Freight Trucking


Overview: the U.S. Local 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 Local 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)


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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 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 Local 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

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 Other Goods By Road

Drayage Services

Warehousing Services

Handling Services For Goods

Storage Services For Goods

Freight Transportation Arrangement Services

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

Local 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 Local 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 Local 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 Local 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 Local 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


Local Freight Trucking Industry Market Share [PREMIUM]

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

CompanyAddressRevenue Estimate









Innovation News

  • Suddath trademarks "" - Computer software for use in providing information to users regarding relocation of office furniture, fixtures and equipment, move management, office furniture, fixture and equipment transportation management, relocation services, and relocation program administration - 01/31/2018
  • Direct Logistics trademarks "TDM" - business management services - 01/30/2018
  • Asm trademarks "ALL SERVICE MOVING" - Moving and storage of goods - 01/27/2018
  • Utility One Source raises $54 million in funding. - 05/09/2017
  • LLL Holdings raises $2 million in funding. - 05/09/2017
  • Old Dominion Freight Line patents Method For Providing A Paperless Delivery Receipt With Electronic Signature - 01/14/2016
  • Smith Transport patents Transportable Water Filtration Systems And Methods - 06/11/2015
  • Online Transport patents Cargo Stabilization System And Method - 06/04/2015
  • Southerland raises $8 million in funding. - 01/02/2013




  • Top Innovators

    CompanyInnovation Score
    Old Dominion Freight Line37
    Online Transport2
    First Class Services
    Fedex Supply Chain Distribution System

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

    Latest Industry News

    • Nationwide truck driver shortage hits Sacramento - In fact, according to a report from the American Trucking Association, the industry needs to hire ... because not many people want to go on it ,so they have to pay more for the freight to get moved." (01/13/2018)
    • US onion grower expresses concern over truck shortage - Our local regional market is doing okay in the Northwest, but anything that goes East, has to go by rail, otherwise the freight costs are much too high." Costs to be passed on With growers facing rising costs on numerous fronts, the cost of trucking is ... (01/12/2018)
    • ELD trucking mandate will cost livestock producers - The increased enforcement means companies will likely put a second driver in the truck for long trips to avoid violations, increasing the freight costs for those ... The other options trucking companies have, rather than paying a second driver, is to ... (01/10/2018)
    • Holland-area trucking companies struggle to find drivers - In a day and age where nearly every product customers purchase is transported by a semi-truck, trucking companies are struggling to ... At a time when keeping drivers is crucial for local companies, Van Wyk said TransWay is now doing different things ... (01/10/2018)
    • Gas2 Week in Review, January 7: Electric Transportation and the Trucking Industry - What does electric trucking look like in actual practice ... industry and part of a larger and very appealing electric transportation picture. Delivery & Freight Vehicles Part of the Larger Electric Transportation Revolution In China In China, a large ... (01/10/2018)
    • India's tax overhaul unleashes logistics revolution - But for all its aesthetic richness, India's trucking system has long been a laggard in efficiency ... The results have already been dramatic, says Shivkumar Rao, co-founder of R&Y Logistics, a freight-forwarding company. "Warehousing in Nagpur never ... (01/08/2018)
    • Freight Transport and Road Haulage Interests Cautious Over Severn Toll Cost Reductions - However for most freight trucking firms there will currently be no actual financial ... The eventual removal of tolls will be a tremendous boost to the local businesses and haulage firms who rely these major routes. However, the inevitable increase in ... (01/08/2018)
    • Independent Contractor Status Still Under Attack - But don’t get too relaxed—state and local politicians and labor unions continue to wage ... in attempting to organize strongly independent owner-operators involved in trucking. Late last year an NLRB administrative law judge upheld the independent ... (01/06/2018)
    • Fayette County business owner sues state trooper over towed business vehicle - On Dec. 16, 2016, Stash, through his business Stash Trucking, left a job site in a large commercial ... which was damaged because it was not equipped for freight transportation services and for hauling heavy cargo, Sansone alleged. Stash is seeking ... (01/03/2018)
    • Questions, needs surround electrification’s entry into trucking - Electrification has hit trucking like a tidal wave with notable debuts of tractors ... Truck manufactures have targeted local routes with electric trucks to-date. Tesla, for example, says it will be among its first customers for the company’s electric ... (01/02/2018)


    Government Contracts

    In 2016, the federal government spent a total of $7,305,184 on Local Freight Trucking. It has awarded 263 contracts to 94 companies, with an average value of $77,715 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 Local 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 Local Freight TruckingOpportunity/Threat
    Long Distance Freight Trucking
    Long Distance Freight Trucking (Truckload)
    Long-Distance Refrigeration & Tank Trucking Competing industry
    Long Distance Freight Trucking, Less Than Truckload (LTL) Competing industry
    General Warehousing & Storage 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 Local 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 Local Freight TruckingOpportunity/Threat
    Long Distance Freight Trucking
    Long Distance Freight Trucking, Less Than Truckload (LTL)
    Long Distance Freight Trucking (Truckload) Competing industry
    Long-Distance Refrigeration & Tank 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 Local 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 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 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 Bulk Liquids & Gases In Intermodal Tank Conts By Road
    Trans Of Bulk Liquids & Gases In Intermodal Tank Conts By Road 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

    Drayage
    Drayage Product Sales Report

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

    Local Trans And Delivery Of Small Purchased Or Serviced Items
    Local Trans And Delivery Of Small Purchased Or Serviced Items Product Sales Report



    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    General freight trucking, local, Trucking, general freight, Transfer (trucking) services, Container trucking services, Bulk mail truck transportation, contract, Motor freight carrier, general, etc.



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