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2025 U.S. Industry Statistics & Market Forecast - General Freight Trucking, Long-Distance, Less Than Truckload
Market Size & Industry Statistics
The total U.S. industry market size for General Freight Trucking, Long-Distance, Less Than Truckload:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the General Freight Trucking, Long-Distance, Less Than Truckload industry include:- Increased fuel prices
- Driver shortages
- Regulatory changes, including emissions standards
- Growth in e-commerce and demand for faster delivery
- Adoption of technology and automation (e.g., GPS, trucking-management software)
- Environmental concerns and shift towards sustainability (e.g., electric trucks)
- Consolidation of industry players
- Expansion of intermodal transportation options
- Variability in freight rates
- Increased customer expectation for tracking and transparency
- Shifts in international trade policies and tariffs
- Rising insurance costs
- Impact of COVID-19 on supply chain resilience and operations
- Aging infrastructure and related investment needs
Product & Services Breakdown
Research products and services in the General Freight Trucking, Long-Distance, Less Than Truckload industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Road |
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Transportation Of Climate-Controlled Boxed, Palletized And Other Packed Goods, Except In Intermodal Tank Containers, By Road |
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Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Tr |
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Transportation Of Boxed, Palletized And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Containers, By Road, Le |
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Transportation Of Other Goods By Road |
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Warehousing Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a General Freight Trucking, Long-Distance, Less Than Truckload company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the General Freight Trucking, Long-Distance, Less Than Truckload industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on General Freight Trucking, Long-Distance, Less Than Truckload measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 11% | |||
| Transportation and Material Moving Occupations | 75% | |||
| Motor Vehicle Operators | 63% | |||
| Driver/Sales Workers and Truck Drivers | 63% | |||
| Heavy and Tractor-Trailer Truck Drivers | 58% | |||
| Material Moving Workers | 9% | |||
| Laborers and Material Movers | 8% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 7% | |||
General Freight Trucking, Long-Distance, Less Than Truckload Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the General Freight Trucking, Long-Distance, Less Than Truckload industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the General Freight Trucking, Long-Distance, Less Than Truckload industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the General Freight Trucking, Long-Distance, Less Than Truckload industry. |
Source:
Latest Industry News
- FedEx Corporation To Spin Off FedEx Freight Business In 1H26 - The Company intends to execute the planned separation through a capital markets transaction, creating two independent, publicly listed, industry-leading companies. (01/03/2025)
- LTL industry readies for new freight classifications in 2025 - Currently, 40% of all NMFC items fall within the scope of review. That represents more than 5,000 potential changes. The final docket for phase one (docket 2025-1) will be released on Jan. 30 with a public feedback period to follow. The changes will take effect on July 19. (12/26/2024)
- Is Knight-Swift Transportation Holdings (KNX) the Best Trucking Stock to Buy? - We recently compiled a list of the 9 Best Trucking Stocks To Buy. In this article, we are going to take a look at where Knight-Swift Transportation Holdings Inc. (NYSE:KNX) stands against the other best trucking stocks. (12/23/2024)
- XPO Logistics Inc. (XPO): The Best Trucking Stock to Buy? - According to Global Market Insights, the growing urbanization and infrastructure development are expected to fuel the global freight trucking industry, which was valued at $2.5 trillion in 2023 and (12/23/2024)
- Old Dominion Freight Line (ODFL): The Best Trucking Stock to Buy? - We recently compiled a list of the 9 Best Trucking Stocks To Buy. In this article, we are going to take a look at where Old Dominion Freight Line, Inc. (12/23/2024)
- FedEx to separate FedEx Freight, create two public companies - With revenue of $9.4bn in FY2024, FedEx Freight is largest less-than-truckload (LTL) carrier with fastest transit times. (12/21/2024)
- FedEx's trucking spin-off plan to fortify core business, boost industry - FedEx's decision to spin off its freight trucking unit will strengthen that business while allowing the parcel delivery giant to better tackle challenges in its core operations, analysts said on Friday. (12/20/2024)
- FedEx to spinoff LTL business, 'will play offense' for freight - FedEx Corp. (CCJ Top 250, No.1) announced on Thursday the spin-off of its less-than-truckload ... $78.3 billion. "Freight has maintained its leading market share position for a long time and ... (12/20/2024)
- Ten trends trucking should watch in 2018 - “And the cost of electricity is generally less volatile than ... the freight transportation industry has accelerated in recent years, though, on balance, most sectors remain relatively highly fragmented – especially trucking. “The LTL sector is ... (01/10/2018)
- Shipping Expenses Too High? 6 Tips on Reducing Freight Costs - Take smaller, less container/truckload shipments (LCL or LTL ... than air, particularly for international shipping, while localized freight is best delivered by rail. Evaluate your process, know which products you’re shipping and their travel distance. (01/09/2018)
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