Keep on trucking: Rising disposable income and industrial production will fuel industry growth
Long-Distance Freight Trucking in Texas
The Long-Distance Freight Trucking industry in Texas has undergone growth over the past five years due to favorable conditions following economic recovery. Over the five years to 2017, household disposable income rose, and with it consumer spending, industrial production and trade volume, all of which served to increase demand for industry transportation services. However, the revenue growth experienced during this period was somewhat limited by volatile fuel prices. Moving forward, industry revenue is expected to grow at a faster rate, due to continued favorable economic conditions and rising fuel prices, as well as an expected increase in activity at Texas' many ports in the wake of the recent expansion of the Panama Canal.
Operators in the Long-Distance Freight Trucking industry in Texas handle various commodities, usually palletized and transported in containers or van trailers. Establishments typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes establishments operating as truckload or less-than-truckload carriers.
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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- YRC Worldwide Inc.
- Knight-Swift Transportation Holdings Inc.
- Landstar System Inc.
- JB Hunt Transport Services Inc.
Methodology
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