Empty road: Rising interest rates and soaring gas prices cause demand for vehicles and associated shipping services to plunge
Vehicle shipping service providers use trucks, railroads and ships to transport vehicles, such as cars and motorcycles. Revenue plunged during COVID-19, as business closures, social distancing measures and lockdowns severely constrained demand for new vehicles from consumers and businesses.
Vehicle shipping companies transport finished vehicles, such as cars, trucks, vans, buses, tractors and motorcycles, regionally and nationally. This industry includes players that transport vehicles individually or part of a fleet but excludes corporations that perform automobile towing services.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Burlington Northern Santa Fe Llc
- Union Pacific Corp
- Csx Corporation
- Norfolk Southern Corporation
Methodology
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