The U.S. freight trucking industry is forecast to generate revenues of $381 billion in 2021, according to Freight by Truck: United States, a report recently released by Freedonia Focus Reports. Providers of trucking services will benefit from the growing volume of goods that will require transport throughout the supply chain and to consumer outlets as manufacturers’ shipments, retail sales and trade levels continue to rise.
In cyclical terms, shipment levels of products that trucks haul in large volumes—such as food, natural resources, metals, machinery and furniture—are particularly important indicators. In structural terms, the trucking industry benefits compared to other freight modes from its capacity to provide the high flexibility required for just-in-time deliveries of all types of components and finished goods.
These and other key insights are featured in Freight by Truck: United States. This report forecasts U.S. freight trucking revenues in U.S. dollars to 2021. Total revenues are segmented by establishment type in terms of:
- General freight trucking, long-distance, truckload
- General freight trucking, long-distance, less-than-truckload
- General freight trucking, local
- Specialized freight trucking, local
- Specialized freight trucking, long-distance
- Specialized freight trucking, used household and office goods moving.
To illustrate historical trends, revenues in nominal and real (inflation-adjusted) terms, and the various segments in nominal terms are provided in annual series from 2006 – 2016.
More information about the report is available HERE.
