Local Freight Trucking in Illinois - Industry Market Research Report

  • ID: 4578447
  • Report
  • Region: Illinois
  • 29 pages
  • IBISWorld
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Keep on trucking: Favorable demand trends in key markets have helped moderate this industry's decline

FEATURED COMPANIES

  • Black Horse Carriers Inc.
  • R&M Trucking Inc.
  • YRC Worldwide Inc.
  • MORE

Local Freight Trucking in Illinois

The Local Freight Trucking industry in Illinois has experienced significant struggles over the past five years. Weak national industrial output and declining manufacturing GDP within the state have significantly hampered demand growth for industry services. Moreover, falling diesel fuel prices caused carriers to reduce their fuel surcharges, limiting the amount of revenue generated with each shipment. Overall, industry revenue has declined over the past five years. Due to the industry's low barriers to entry, many new operators have entered the industry over the past five years, helping the industry keep up with increased adoption of JIT inventory strategies at the retail level. Improving industry health over the next five years, combined with more intense competition from small providers and owner-operators, is anticipated to spur consolidation activity during the outlook period. Still, as demand for industry services continues to grow, the number of carriers is expected to expand over the five years to 2022.

Operators in this industry 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 state lines, and the 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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Black Horse Carriers Inc.
  • R&M Trucking Inc.
  • YRC Worldwide Inc.
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
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  • YRC Worldwide Inc.
  • Black Horse Carriers Inc.
  • All Truck Transportation Company
  • Best Transportation Services Inc.
  • R&M Trucking Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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