|Last Quarterly Update:||2/6/2017|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry provide long-distance transportation by truck of freight that often has atypical shapes, weights, or sizes and may require specialized equipment such as flatbeds, tankers, car carriers, or refrigerated trailers. Major US companies include New Prime, CR England, Quality Distribution, and Allied Systems, along with units of general freight trucking companies like JB Hunt and Schneider National.
The US specialty trucking industry includes about 9,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $40 billion.
Demand is driven by manufacturing output and consumer spending. 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 or specializing in a particular industry. The US specialized trucking industry is fragmented: the 50 largest companies account for about 35% of industry revenue.
Trucking competes with other forms of cargo transportation, including rail, air, and water. However, the shift toward intermodal transportation means that these modes of delivery are often more complementary than competitive. Specialty trucking services also compete with general truckload and less-than-truckload carriers.
PRODUCTS, OPERATIONS & TECHNOLOGY
Specialized freight includes bulk liquid and gases (26% of industry revenue); climate-controlled box and pallet goods (16%); automobiles (11%); and dry bulk goods (8%). Other services include transportation of goods such as farm and forest products, sand and gravel, ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options