The new report includes an industry overview; quarterly industry update; business challenges; trends and opportunities; call preparation questions; financial information; industry forecast; website and media links; and a glossary of acronyms.
According to Research and Markets, the freight trucking industry includes about 65,000 companies in the U.S. with a combined annual revenue of $140 billion. The 50 largest companies account for 40 percent of that revenue.
General freight companies, including for-hire carriers and independent owner-operators, transport a wide variety of commodities using containers or van trailers. The industry does not include companies primarily engaged in flatbed, tanker, or refrigerated trailer transport. Express delivery services and moving and storage companies are covered in separate profiles.
Research and Markets points out that demand for freight is driven by consumer spending and manufacturing output, and the profitability of individual companies depends on efficient operations. Large companies have advantages in account relationships, bulk fuel purchasing, fleet size, and access to drivers. Small operations can compete effectively by providing quick turnaround, serving a local market, or transporting unusually sized goods.
The report also says that the industry is labor-intensive, with average annual revenue per employee at $145,000.
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