The truck transportation industry comprises establishments offering trucks and tractor trailers to provide road transportation of cargo. This industry does not include household and office goods movers, which is a specialized industry.
The top five companies covered are C.H. Robinson, J.B. Hunt Transport Services, YRC Freight, Swift Transportation and Landstar. C.H. Robinson was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Truck Transportation Market Size
The global truck transportation market was valued at over $1 trillion in 2017. North America was the largest region in the truck transportation market in 2017, accounting for around 33% market share. China was the largest country in the truck transportation market in 2017, accounting for around 25% market share.
Truck Transportation Market Trend
Truck transportation companies are widely using robotic solutions to reduce delivery time and costs. It enables truck transportation companies move boxes and containers in and out of semitrailers and ocean freight containers, irrespective of its shape and size. Robotics mainly helps truck transportation companies reduce labor costs while speeding up shipment processing and delivery times.
Truck Transportation Market Segmentation
The truck transportation industry is segmented into general freight trucking and specialized freight trucking.
General freight trucking 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.
Specialized freight trucking comprises establishments transporting freight (with special size, weight, shape, or other inherent characteristics) that requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. These establishments also provide the transportation of used household, institutional, and commercial furniture and equipment.