	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - General Freight Trucking, Long-Distance, Truckload

Published: April 2024

Market Size & Industry Statistics

The total U.S. industry market size for General Freight Trucking, Long-Distance, Truckload: 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)		Order at top of page
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

The long distance freight trucking industry, also known as the truckload industry, is facing several key trends that are changing the way businesses operate in this sector. The following are some of the major trends affecting the industry:

1. Driver shortage: The trucking industry is facing a significant shortage of drivers, due to a combination of factors such as age demographics, low retirement savings, and lifestyle concerns. Finding qualified and reliable drivers is becoming increasingly difficult, which is impacting the ability of trucking companies to meet the growing demand for freight transportation.

2. Technology advancements: The industry is experiencing a wave of technology innovations, including autonomous trucks, telematics, and GPS tracking. These technologies are helping to improve safety, increase efficiency, and reduce operating costs.

3. E-commerce boom: The rise of e-commerce is driving demand for faster and more efficient delivery of goods, leading to more short-haul trucking as well as increased spending on logistics.

4. Sustainability focus: Companies are becoming increasingly aware of the environmental impact of their operations and looking for ways to reduce carbon emissions. This trend is leading to the adoption of more fuel-efficient trucks and the use of alternative fuels such as natural gas.

5. Regulatory changes: Changes in regulations around safety, emissions, and driver hours are impacting the cost structure and operations of the trucking industry. This includes the upcoming implementation of electronic logging devices (ELDs) to track driver hours and compliance with new emissions standards.

Overall, the long distance freight trucking industry is facing a complex and challenging environment as it adapts to technological disruptors, shifting consumer preferences, and regulatory changes.

Product & Services Breakdown

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

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Moving Services
Commercial Moving Services
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 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

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	Order at top of page
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 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, Long-Distance, Truckload company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry 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, Long-Distance, Truckload 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, Long-Distance, Truckload measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry 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 Indicators	Industry 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.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	4%	Order at top of page
Chief Executives	0%
General and Operations Managers	3%
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, Long-Distance, Truckload Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the General Freight Trucking, Long-Distance, Truckload 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, Long-Distance, Truckload 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
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the General Freight Trucking, Long-Distance, Truckload industry.

Source:

Innovation News

Recent Federal Contracts for General Freight Trucking, Long-Distance, Truckload

Apr 01, 2024: INTERDIN INTERNESHINAL RILOKEYSHN UKRAENA TOV (Kiev, ) awarded $11,281
Mar 28, 2024: KODAK ALARIS INC. (Rochester, NY) awarded $50,505
Mar 18, 2024: TRANSFAST TRUCKING, INC. (Grand Ledge, MI) awarded $35,660
Feb 23, 2024: NATIONWIDE TRANSPORT SERVICES LLC (Fort Lauderdale, FL) awarded $11,975
Feb 22, 2024: BLUE STAR ACQUISITIONS SUB, LLC (Roswell, GA) awarded $5,200
Feb 21, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $19,240

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