Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - General Freight Trucking, Local

Market Size & Industry Statistics

The total U.S. industry market size for General Freight Trucking, Local: 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.

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

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

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

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the General Freight Trucking, Local industry include:
  1. Increase in e-commerce adoption
  2. Rising fuel costs
  3. Advancements in telematics and GPS tracking
  4. Stringent emissions regulations
  5. Growth in urbanization
  6. Labor shortages and driver retention issues
  7. Expansion of same-day delivery services
  8. Adoption of electric and alternative fuel trucks
  9. Increased focus on sustainability and CSR initiatives
  10. Integration of AI and automation in logistics
  11. Fluctuating trade policies and economic conditions

Product & Services Breakdown

Research products and services in the General Freight Trucking, Local 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

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 Average Percent 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
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a General Freight Trucking, Local 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, Local 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, Local 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 4%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 11%
Transportation and Material Moving Occupations 75%
Motor Vehicle Operators 63%
Driver/Sales Workers and Truck Drivers 63%
Heavy and Tractor-Trailer Truck Drivers 58%
Material Moving Workers 9%
Laborers and Material Movers 8%
Laborers and Freight, Stock, and Material Movers, Hand 7%
Source: Bureau of Labor Statistics

General Freight Trucking, Local Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the General Freight Trucking, Local industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the General Freight Trucking, Local industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the General Freight Trucking, Local industry.

Innovation News

Recent Federal Contracts for General Freight Trucking, Local

  • Apr 01, 2024: 24/7 ENTERPRISES, LLC (Union, NJ) awarded $147,897
  • Mar 28, 2024: CONNIE'S, INCORPORATED (La Grande, OR) awarded $25,000
  • Mar 28, 2024: A-SECURED PROPERTIES LLC (La Grande, OR) awarded $70,000
  • Mar 28, 2024: MAGELLAN TRANSPORT LOGISTICS, INC. (Jacksonville, FL) awarded $200,000
  • Mar 26, 2024: NORDANG TRUCKING, LLC (Methow, WA) awarded $30,000
  • Mar 25, 2024: BRITTON, JIM E. (Arenas Valley, NM) awarded $3,659