Canadian local freight truckers have benefited from robust growth through 2023 as consumer spending recovers following the pandemic. Truckers will transport greater volumes of manufacturing inputs and consumer products as the government lifts pandemic restrictions. Increasingly complex manufacturing and retail supply chains has also pressured many downstream industries to outsource logistics operations and transportation to local freight truckers. Local freight trucking revenue has been skyrocketing at a CAGR of 4.1% over the past five years, and is expected to total $17.6 billion through 2023, despite dropping an estimated 1.3% in 2023 as economic recoveries stall. Operators in the Local Freight Trucking industry in Canada provide general freight trucking services over short distances. General freight companies handle a variety of commodities, which are usually palletized and transported in a container or van trailer. Local general freight trucking companies commonly provide trucking within a metropolitan area that may cross provincial borders, and these trips are typically same-day return. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.On-time delivery: Improving consumer confidence will likely fuel discretionary spending consumer products, supporting industry growth
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Methodology
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