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          1. Less-Than-Truckload Carriers Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/6/2020
            SIC Codes: 4213
            NAICS Codes: 484122
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Less-Than-Truckload Carriers Industry Profile

            Companies in this industry provide long-distance, general freight delivery of less-than-truckload shipments. Major companies include US-based ArcBest, FedEx Freight, Old Dominion Freight, XPO Logistics, and YRC; as well as DHL Freight (Germany) and TFI International (Canada).

            Wealthy nations such as the US, Japan, and Germany are top markets for trucking. Though trucking companies have traditionally focused on providing service in their home countries and neighboring nations, growth in emerging markets has prompted some companies to expand overseas. Such growth is typically achieved through the acquisition of established local trucking networks in the target country.

            The US less-than-truckload carrier industry includes about 8,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $40 billion.

            Less-than-truckload carriers handle multiple shipments combined onto a single truck for multiple deliveries within a network. Companies that provide long-distance transportation of freight from a single shipper by truckload are covered in the Truckload Carriers profile.

            COMPETITIVE LANDSCAPE

            Demand is driven by manufacturing output, residential and commercial construction activity, and retail spending. The profitability of individual companies depends on efficient operations. Large companies have advantages in fleet size, economies of scale (particularly related to bulk fuel purchasing), scope of services, and geographic reach. Small companies can compete effectively by offering daily or next-day deliveries within a small region, or providing specialized services such as transportation of oversized loads or delicate equipment. The US industry is ...

             
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