General Freight Trucking industry includes establishments handling a wide variety of commodities, generally palletized, and transported in a container or van trailer. These establishments also provide network activities such as local pickup, local sorting and terminal operations, line-hauling, destination sorting and terminal operations, and local delivery. Revenues of the general freight transportation companies are derived from the fees paid by their customers, which are usually based on volume/weight of the goods carried and distance.
General Freight Trucking Global Market Size
The global general freight trucking market was valued at $455.3 billion in 2017. North America was the largest geographic region accounting for $152 billion or 33.4% of the global market. USA was the largest country accounting for $115.6 billion or 25.4% of the global general freight trucking market.
General Freight Trucking Global Market Trend
The entry of automated vehicles with high-tech safety measures, cameras, radar, and Lidar sensors guiding the way, companies are able to save money through less fuel and more frequent schedules. A self-driving truck of Otto, a subsidiary of Uber Technologies Inc., in October 2016, completed the first a 120-mile delivery of beer by, in Colorado.
The companies covered are Schneider national, Landstar, Swift Transportation, J B Hunt Transport Services, and YRC Worldwide.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
General Freight Trucking Global Market Segmentation
The general freight trucking market is segmented into Local General Freight Trucking; and Long-Distance General Freight Trucking.
Local General Freight Trucking comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.
Long-Distance General Freight Trucking comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.