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          1. Specialty Trucking Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/6/2020
            SIC Codes: 4213
            NAICS Codes: 484230
            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 Specialty Trucking Industry Profile

            Companies in this industry provide long-distance transportation by truck of freight that often has atypical shapes, weights, or sizes and may require specialized equipment such as flatbeds, tankers, car carriers, or refrigerated trailers. Major US companies include CR England, Jack Cooper Transport, Kenan Advantage Group, New Prime, and Quality Distribution, along with units of general freight trucking companies like JB Hunt and Schneider National.

            The US specialty trucking industry includes about 11,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $37 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by manufacturing output and consumer spending. The profitability of individual companies depends on efficient operations. Large companies have advantages in account relationships, bulk fuel purchasing, fleet size, and access to drivers. Small operations can compete effectively by providing quick turnaround or specializing in a particular industry. The US specialized trucking industry is fragmented: the 50 largest companies account for about 35% of industry revenue.

            Trucking competes with other forms of cargo transportation, including rail, air, and water. However, the shift toward intermodal transportation means that these modes of delivery are often more complementary than competitive. Specialty trucking services also compete with general truckload and less-than-truckload carriers.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Specialized freight includes bulk liquid and gases (26% of industry revenue); climate-controlled box and pallet goods (16%); automobiles (11%); and dry bulk goods (8%). Other services include transportation of goods such as farm and forest products, ...

             
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