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Local Freight Trucking in Florida - Industry Market Research Report

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    Report

  • 23 Pages
  • September 2020
  • Region: United States
  • IBISWorld
  • ID: 4578457

Bumpy Ride: Rising Competition and Volatile Diesel Prices Have Hurt Industry Profit, Despite Revenue Growth

Local Freight Trucking in Florida

The Local Freight Trucking industry in Florida has experienced modest growth over the five years to 2017 as strengthening economic conditions have boosted demand for transportation services across many markets. The industry serves downstream buyers in the manufacturing, wholesale and retail sectors of the economy, all of which have swelled during the five year period. Industrial production has been volatile, but has grown overall, contributing to manufacturers' demand for the transportation of raw materials. Meanwhile, consumer spending in Florida has increased at a moderate pace, boosting demand for transportation of finished consumer products to distribution centers and retail outlets. However, industry performance has not been as strong as demand would suggest over the past five years. Industry operators earn a portion of their revenue through cost-covering fuel surcharges; with the price of diesel fuel declining drastically over the five years to 2017, the amount of revenue earned through these surcharges has been significantly dampened.

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.

Table of Contents

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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • United Parcel Service Inc.
  • ArcBest Corporation
  • Landstar System Inc.
  • Ryder System Inc.
  • Southeastern Freight Lines Inc.

Methodology

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