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Refrigerated Trucking Market in the US and Canada - Industry Outlook and Forecast 2020-2025

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  • 181 Pages
  • April 2020
  • Region: Canada, United States
  • Arizton
  • ID: 5011307
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Get an in-depth analysis of COVID-19 impact on refrigerated trucking market in the US and Canada.

The refrigerated trucking market in the US and Canada is expected to grow at a CAGR of over 4% during the period 2019–2025.

The challenge of perishability and the need to preserve food and non-food categories at optimal temperatures to prevent spoilage are the major growth enablers for the refrigerated trucking market in the US and Canada. The growth in refrigerated warehouse capacities in the US and Canada has a positive impact on the refrigerated logistics market. Being geographically vast countries, the US and Canada need to have refrigerated truck transport and trailers for long haul transportation to avoid food spoilage, thereby influencing the market. The demand for temperature-controlled logistics continues to grow upward trajectory as perishable food items and medicines need to be maintained at optimal temperatures throughout the cold chain until they reach end-consumers. This demand pushes more opportunities for vendors to increase their investments that could benefit both refrigerated trucking companies and perishable food manufacturers as well.

Pharmaceutical products need to be maintained at a precise temperature to maintain their efficiency. Time and temperature are two vital factors to be taken into consideration when transporting medicines. Transporting biological materials such as blood, tissue samples, reproductive material, etc. must be carriage at a cryogenic temperature less than -150°C. Therefore, it is critical to transport clinical products under temperature-controlled trailers over a long distance. The pharmaceutical market in the US and Canada continues to grow at a steady rate of YOY. Hence, refrigerated trucking companies are exploring to deliver advanced solutions for biological researches, needing transportation of specimens, or even entire research labs at times. Therefore, pharmaceutical products are mandatory to be transported in temperature-controlled trucks becomes a driving force for the refrigerated trucking market.

The following factors are likely to contribute to the growth of the refrigerated trucking market in the US and Canada during the forecast period:
  • Growing Organic Food Market
  • Increasing Multi-Temperature Trucking
  • Usage of Freight Optimization Software
  • Increasing Multi-Temperature Trucking

The study considers the present scenario of the refrigerated trucking market in the US and Canada and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Refrigerated Trucking Market in US and Canada: Segmentation

This research report includes a detailed segmentation by service, temperature compartment, end-users, vehicle, and geography. The refrigerated trucking market by less than truckload (LTL) is growing at a steady pace driven by end-users such as F&B and pharmaceuticals. The (LTL) industry in North America is composed of numerous vendors. The industry has high entry barriers across the region on account of the complexity of operating thousands of depots, driver shortage, and intricacy with respect to the spoke hub system used for pickup and deliveries. The growth of e-commerce has a high positive impact on the overall LTL industry. However, dry freight has a higher share compared to refrigerated freight. LTL carriers commonly employ covered or enclosed van trailers. The usage of LTL refrigerated trailers is less compared to dry freight LTL carriers. The majority of temperature-controlled transporting through LTL is limited to regional levels compared to inter-regional or national levels. Online retail is a major driver for the LTL segment. Also, several start-up companies are trying to disrupt the LTL, consolidate the market with new technology-based solutions to address the complexity associated with the LTL segment.

The single temperature and multi-temperature logistics segments supplement each other’s growth. Currently, single temperature refrigerated trucking services dominate the industry. However, the growth of multi-temperature refrigerated trucking services has been higher. Reduced weight and improved fuel economy are the characteristics of single-temperature refrigerated truck trailers. Local manufacturers meet a large part of the demand for transportation refrigeration units in the US. However, low-cost imports from China and Mexico are also available in the market.

The food & beverage industry dominates the reefer truck market. The logistics cost in the food industry accounts for 7−10% of the total product cost. The increasing number of quick-service restaurants and retail outlets has fueled food consumption, which has increased the demand for chilled and frozen food and beverages. Foods that are expected to see high demand for packaging include organic foods, dairy, and meat. Scaling up of tier 2 brands in the US food industry is expected to bring high volumes, while larger food corporations will drive the steady need for refrigerated transportation. Canada is one of the most potential markets for launching new and innovative products due to its multi-ethnic society. Food consumption differs significantly across the country. Also, a vast majority of people are health-conscious, and hence, the market has observed an increased demand for organic food products that require refrigeration in their supply chain.

While refrigerated trailers reduce operating expenses by reducing fuel and/or power consumption, they are complex to manage. Vendors boost the trailer revenue by charging for loading and unloading, detention of tractors and trailers, fuel surcharges, and other services. The market for trailers is also dependent on inventory levels, customer needs, trucking capacity, and availability of the driver. The availability of long-haul drivers is a major concern both in the US and Canada. The FTL and LTL segment use trailers for delivering cargo. However, the utilization of vans is limited to the LTL segment. Since the FTL demand is currently high, and also the regional LTL demand is growing, the usage of the trailer is growing.

Market Segmentation by Service
  • FTL
  • LTL

Market Segmentation by Temperature Compartment
  • Single
  • Multiple

Market Segmentation by End-users
  • Food
  • Poultry, Meat, and Seafood
  • Dairy and Beverages
  • Bakery, Confectionery, and Others
  • Pharmaceutical
  • Others

Insights by Geography

Chilled or perishable food items have multiple challenges in transportation; therefore, cold chain management is increasing its complexity significantly. Due to technical advancements, refrigerated trucks that can hold goods with multiple segments at different temperatures are gaining popularity in recent years in North America. Multi segmented refrigerated trucks can maintain different optimum temperature levels. Multiple temperature trucks are more particularly used for the retail application, where temperature-controlled models are required to replenish store stock with relatively small quantities from regional distribution centers.

Canada stands out to be on top as the largest country both in the production and consumption of food and beverages. Canadian organic food products are at the highest demand being exported across all major countries of the world. The agriculture and food and beverage processing industries in Canada contributes around 6.8% toward GDP annually. Quebec and Ontario hold leading two positions in agriculture and food and beverage processing industries.

Key Profiled Countries
  • US
  • Canada

Insights by Vendors

The US and Canada refrigerated trucking industry is large, fragmented, and highly competitive with thousands of FTL and LTL carriers. No single vendor dominates the market. The three major factors on which the competition is dependent include – tariff, capacity, and customer service. The competitive factors change as and when the market conditions change. For instance, in the low demand market scenario, the tariff for hire refrigerated trucking company becomes significant, while in the times of high customer demand, the capacity and service quality make become more vital. The pricing of a truckload refrigerated carrier is in North America depends mainly on supply and demand factors.

  • H. Robinson Worldwide
  • Americold Logistics
  • B Hunt
  • Knight-Swift Transportation
  • FedEx
  • DB Schenker
  • U.S Xpress
  • DHL
  • Lineage Logistics
  • ABF Freight
  • Marten
  • KLLM Logistics
  • Prime Inc
  • Covenant Transportation Services
  • Stevens Transport
  • Burris Logistics
  • Total Quality Logistics
  • Henningsen Cold Storage
  • Expeditors
  • XPO Logistics
  • Trenton Cold Storage
  • RLS Logistics
  • Matson Logistics
  • Conestoga Cold Storage
  • Agro Merchants Group
  • Congebec Logistics
  • Hanson Logistics
  • Confederation Freezers
  • Ruan Transport
  • Penske
  • Atlanta Bonded Warehouse Corporation
  • Alliance Shippers
  • Midwest Refrigerated Services
  • Estes

Key Market Insights

The analysis of the refrigerated trucking market in the US and Canada provides sizing and growth opportunities for the forecast period 2020–2025.
  • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
  • Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of segments and the regional outlook of the market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Dedicated Carrier
7.3 Fuel Surcharge
7.4 Retail Industry In North America
8 Market Opportunities & Trends
8.1 Growing Organic Food Market
8.2 Increasing Multi-Temperature Trucking
8.3 Solar Powered Refrigeration Units
8.4 Usage of Freight Optimization Software
9 Market Growth Enablers
9.1 Growing Consumption of Perishable Goods
9.2 Growing Need for Pharmaceutical Shipping
9.3 Growth in Frozen Foods
10 Market Restraints
10.1 Fuel Cost Fluctuation
10.2 Competitive Market Place
10.3 Shortage of Drivers
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.2.1 Value and Volume
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 End-Users
12.1 Market Snapshot & Growth Engine (Value)
12.2 Market Snapshot & Growth Engine (Volume)
12.3 Market Overview
12.4 Food & Beverages
12.4.1 Market Size & Forecast (Value & Volume)
12.4.2 Meat, Poultry & Seafood: Market Size & Forecast (Value & Volume)
12.4.3 Dairy and Beverages: Market Size & Forecast (Value & Volume)
12.4.4 Bakery, Confectionery, and Others: Market Size & Forecast (Value & Volume)
12.5 Pharmaceuticals
12.5.1 Market Size & Forecast (Value & Volume)
12.6 Others
12.6.1 Market Size & Forecast (Value & Volume)
13 Service
13.1 Market Snapshot & Growth Engine (Value)
13.2 Market Overview
13.3 FTL
13.3.1 Market Size & Forecast (Value)
13.3.2 Non-Dedicated FTL: Market Size & Forecast (Value)
13.3.3 Dedicated FTL: Market Size & Forecast (Value)
13.4 LTL
13.4.1 Market Size & Forecast (Value)
14 Temperature Compartment
14.1 Market Snapshot & Growth Engine (Value)
14.2 Market Overview
14.3 Single Temperature
14.3.1 Market Size & Forecast (Value)
14.4 Multi Temperature
14.4.1 Market Size & Forecast (Value)
15 Vehicle
15.1 Market Snapshot & Growth Engine (Value)
15.2 Market Overview
15.3 Trailer
15.3.1 Market Size & Forecast (Value)
15.4 VANS
15.4.1 Market Size & Forecast (Value)
16 Geography
16.1 Market Snapshot & Growth Engine (Value)
16.2 Market Snapshot & Growth Engine (Volume)
16.3 Geographic Overview
16.3.1 Key Insights
17 United States
17.1 Market Overview
17.1.1 Chilled and Frozen Food
17.2 Market Size & Forecast
17.2.1 Value and Volume
17.3 End-Users
17.3.1 Market Size & Forecast (Value)
17.3.2 Market Size & Forecast (Volume)
17.4 F&B End-Users
17.4.1 Market Size & Forecast (Value)
17.4.2 Market Size & Forecast (Volume)
17.5 Service
17.5.1 Market Size & Forecast (Value)
17.6 Temperature Compartment
17.6.1 Market Size & Forecast (Value)
18 Canada
18.1 Market Overview
18.2 Chilled Food
18.3 Frozen Food
18.4 Market Size & Forecast (Value And Volume)
18.5 End-Users
18.5.1 Market Size & Forecast (Value)
18.5.2 Market Size & Forecast (Volume)
18.6 F&B End-Users
18.6.1 Market Size & Forecast (Value)
18.6.2 Market Size & Forecast (Volume)
18.7 Service
18.7.1 Market Size & Forecast (Value)
18.8 Temparature Compartment
18.8.1 Market Size & Forecast (Value)
19 Competitive Landscape
19.1 Competition Overview
20 Key Company Profiles
20.1 C.H. Robinson Worldwide
20.1.1 Business Overview
20.1.2 Service Offerings
20.1.3 Key Strategies
20.1.4 Key Strengths
20.1.5 Key Opportunities
20.2 Americold Logistics
20.2.1 Business Overview
20.2.2 Service Offerings
20.2.3 Key Strategies
20.2.4 Key Strengths
20.2.5 Key Opportunities
20.3 J.B Hunt
20.3.1 Business Overview
20.3.2 Service Offerings
20.3.3 Key Strategies
20.3.4 Key Strengths
20.3.5 Key Opportunities
20.4 Knight-Swift Transportation
20.4.1 Business Overview
20.4.2 Service Offerings
20.4.3 Key Strategies
20.4.4 Key Strengths
20.4.5 Key Opportunities
20.5 FEDEX
20.5.1 Business Overview
20.5.2 Service Offerings
20.5.3 Key Strategies
20.5.4 Key Strengths
20.5.5 Key Opportunities
20.6 DB Schenker
20.6.1 Business Overview
20.6.2 Service Offerings
20.6.3 Key Strategies
20.6.4 Key Strengths
20.6.5 Key Opportunities
20.7 U.S Xpress
20.7.1 Business Overview
20.7.2 Service Offerings
20.7.3 Key Strategies
20.7.4 Key Strengths
20.7.5 Key Opportunity
20.8 DHL
20.8.1 Business Overview
20.8.2 Service Offerings
20.8.3 Key Strategies
20.8.4 Key Strengths
20.8.5 Key Opportunity
21 Other Prominent Vendors
21.1 Lineage Logitics
21.1.1 Business Overview
21.1.2 Service Offerings
21.2 ABF Freight
21.2.1 Business Overview
21.2.2 Service Offerings
21.3 Marten
21.3.1 Business Overview
21.3.2 Service Offerings
21.4 KLLM Logistics
21.4.1 Business Overview
21.4.2 Service Offerings
21.5 Prime Inc
21.5.1 Business Overview
21.5.2 Service Offerings
21.6 Covenant Transportation Services
21.6.1 Business Overview
21.6.2 Service Offerings
21.7 Stevens Transport
21.7.1 Business Overview
21.7.2 Service Offerings
21.8 Burris Logistics
21.8.1 Business Overview
21.8.2 Service Offerings
21.9 Total Quality Logistics
21.9.1 Business Overview
21.9.2 Service Offerings
21.10 Henningsen Cold Storage
21.10.1 Business Overview
21.10.2 Service Offerings
21.11 Expeditors
21.11.1 Business Overview
21.11.2 Service Offerings
21.12 XPO Logistics
21.12.1 Business Overview
21.12.2 Service Offerings
21.13 Trenton Cold Storage
21.13.1 Business Overview
21.13.2 Service Offerings
21.14 RLS Logistics
21.14.1 Business Overview
21.14.2 Service Offerings
21.15 Matson Logistics
21.15.1 Business Overview
21.15.2 Service Offerings
21.16 Conestoga Cold Storage
21.16.1 Business Overview
21.16.2 Service Offerings
21.17 Agro Merchants Group
21.17.1 Business Overview
21.17.2 Service Offerings
21.18 Congebec Logistics
21.18.1 Business Overview
21.18.2 Service Offerings
21.19 Hanson Logistics
21.19.1 Business Overview
21.19.2 Service Offerings
21.20 Confederation Freezers
21.20.1 Business Overview
21.20.2 Service Offerings
21.21 RUAN
21.21.1 Business Overview
21.21.2 Service Offerings
21.22 PENSKE
21.22.1 Business Overview
21.22.2 Service Offerings
21.23 Atlanta Bonded Warehouse
21.23.1 Business Overview
21.23.2 Service Offerings
21.24 Alliance Shippers
21.24.1 Business Overview
21.24.2 Service Offerings
21.25 Midwest Refrigerated Services
21.25.1 Business Overview
21.25.2 Service Offerings
21.26 ESTES
21.26.1 Business Overview
21.26.2 Service Offerings
22 Report Summary
22.1 Key Takeaways
22.2 Strategic Recommendations
23 Quantitative Summary
23.1 Market by Geography
23.1.1 Market Size & Forecast (Value)
23.1.2 Market Size & Forecast (Volume)
23.2 United States
23.2.1 End-Users: Market Size & Forecast (Value)
23.2.2 End-Users: Market Size & Forecast (Volume)
23.2.3 Service: Market Size & Forecast (Value)
23.2.4 Temperature Compartment: Market Size & Forecast (Value)
23.3 Canada
23.3.1 End-Users: Market Size & Forecast (Value)
23.3.2 End-Users: Market Size & Forecast (Volume)
23.3.3 Service: Market Size & Forecast (Value)
23.3.4 Temperature Compartment: Market Size & Forecast (Value)
23.4 End-Users
23.4.1 Market Size & Forecast (Value)
23.4.2 Market Size & Forecast (Volume)
23.5 Service
23.5.1 Market Size & Forecast (Value)
23.6 Temperature Compartment
23.6.1 Market Size & Forecast (Value)
23.7 Vehicle
23.7.1 Market Size & Forecast (Value)
24 Appendix
24.1 Abbreviations

Companies mentioned

  • H. Robinson Worldwide
  • Americold Logistics
  • B Hunt
  • Knight-Swift Transportation
  • FedEx
  • DB Schenker
  • U.S Xpress
  • DHL
  • Lineage Logistics
  • ABF Freight
  • Marten
  • KLLM Logistics
  • Prime Inc
  • Covenant Transportation Services
  • Stevens Transport
  • Burris Logistics
  • Total Quality Logistics
  • Henningsen Cold Storage
  • Expeditors
  • XPO Logistics
  • Trenton Cold Storage
  • RLS Logistics
  • Matson Logistics
  • Conestoga Cold Storage
  • Agro Merchants Group
  • Congebec Logistics
  • Hanson Logistics
  • Confederation Freezers
  • Ruan Transport
  • Penske
  • Atlanta Bonded Warehouse Corporation
  • Alliance Shippers
  • Midwest Refrigerated Services
  • Estes


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.