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Long Distance Freight Trucking, Less Than Truckload (LTL) 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 (5-year projection)   .
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: Long Distance Freight Trucking, Less Than Truckload (LTL)


Overview of the U.S. Long Distance Freight Trucking, Less Than Truckload (LTL) 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 Long Distance Freight Trucking, Less Than Truckload (LTL): 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[PREMIUM]

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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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 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 Other Goods By Road

Warehousing Services



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 of Long Distance Freight Trucking, Less Than Truckload (LTL) by state

Long Distance Freight Trucking, Less Than Truckload (LTL) 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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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.

price index trends

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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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


Long Distance Freight Trucking, Less Than Truckload (LTL) Industry Market Share [PREMIUM]

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

CompanyAddressRevenue Estimate









Innovation News

  • CNS Logistics trademarks "MICHAEL AND KENZIE 1911" - Belts; Boots; Hats; Neckties; Scarves; Socks - 07/18/2017




  • Top Innovators

    CompanyInnovation Score
    J.S. International Shipping
    Wayne Weaver

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

    Latest Industry News

    • Ten trends trucking should watch in 2018 - “And the cost of electricity is generally less volatile than ... the freight transportation industry has accelerated in recent years, though, on balance, most sectors remain relatively highly fragmented – especially trucking. “The LTL sector is ... (01/10/2018)
    • Shipping Expenses Too High? 6 Tips on Reducing Freight Costs - Take smaller, less container/truckload shipments (LCL or LTL ... than air, particularly for international shipping, while localized freight is best delivered by rail. Evaluate your process, know which products you’re shipping and their travel distance. (01/09/2018)
    • Saia LTL Freight to Celebrate Grand Opening of New Missouri Terminal - Saia also began offering direct service to the greater New York City and Long Island markets. About Saia, Inc. Saia, Inc. (SAIA), with 2016 revenues of $1.2 billion, offers customers a wide range of less-than-truckload ... Saia LTL Freight has been ... (10/19/2017)
    • ArcBest : LTL Freight Shipping - Less-than-truckload (LTL) shipping is designed for freight that weighs between ... four primary factors influence LTL rates: weight/dimensions, distance, freight classification and special services. Learn more about each one: Weight and dimensions Because ... (07/08/2017)
    • Modernized trucking means safer highways and cleaner air - The U.S. trucking industry is an increasingly large part of our transportation system. Trucks deliver nearly 70 percent of all domestic freight. And as our ... a five-foot extension to 28-foot less-than-truckload (LTL) twin trailers, also known as ... (10/30/2015)
    • Congress can help make freight transportation safer and more efficient - One area on which Congress should focus is the less than truckload (LTL) freight market. LTL freight is responsible ... Utilizing data from the federal Department of Transportation, conservative estimates indicate this change would result in a reduction ... (01/12/2015)
    • Research and Markets: 2010 U.S. Freight Trucking Long Distance Industry Report - Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL ... (10/30/2009)


    Government Contracts

    In 2016, the federal government spent a total of $610,271 on Long Distance Freight Trucking, Less Than Truckload (LTL). It has awarded 18 contracts to 13 companies, with an average value of $46,944 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 Long Distance Freight Trucking, Less Than Truckload (LTL) 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 Gd, No Clim-Ctrl, Except Intrmd Tnk Cont, Rd, Ltl
    Competing IndustrySales Relative to Long Distance Freight Trucking, Less Than Truckload (LTL)Opportunity/Threat
    Long Distance Freight Trucking
    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 Long Distance Freight Trucking, Less Than Truckload (LTL). 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
    Competing IndustrySales Relative to Long Distance Freight Trucking, Less Than Truckload (LTL)Opportunity/Threat
    Long Distance Freight Trucking
    Long Distance Freight Trucking (Truckload)
    Long-Distance Refrigeration & Tank Trucking
    Local Specialized Freight Trucking Competing industry
    Local Freight Trucking Competing industry

    Sales from other industries of Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd are less than those from Long Distance Freight Trucking, Less Than Truckload (LTL). This may mean that other channels are a competitive risk of increasing their Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd sales, taking market share from this industry.
    Trans Of Clim-Contld Box & Pallet Gds Except Intermdl Tank Conts, Rd Product Sales Report



    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl
    Trans Box & Pallet Gds No Clim-Ctrl, Except Intrmdl Tnk Cont, Rd, Tl 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

    Warehousing Services - Handling Of Goods
    Warehousing Services - Handling Of Goods 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



    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Trucking, general freight, long-distance, less-than-truckload (LTL), Motor freight carrier, general, LTL (less-than-truckload) long-distance freight trucking, General freight trucking, etc.



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