First Research US Industry Profile

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Truckload Carriers
SIC Codes: 4213
NAICS Codes: 484121
Last Quarterly Update: 3/21/2022
Companies in this industry provide long-distance transportation by truck of general freight, in which freight from a single shipper makes up a truckload. Major companies include JB Hunt, Schneider National, Swift Transportation, and Werner Enterprises (all based in the US), along with TFI International (Canada).
The truckload market is expected to remain very strong in the second half of 2021 as demand continues to seasonally build through the year, despite the pandemic- related challenges. Companies must secure their inventory and transportation ahead to avoid complications in these tight transportation markets. Meanwhile, the outlook for the truckload market five years from now is likely to be less fragmented and less volatile as larger carriers incorporate and invest in technology, according to Logistics Management.
The US truckload carriers industry includes about 40,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $115 billion.
Full truckload (TL) shipments have trailers dedicated to a single shipper's cargo. In contrast, less-than-truckload (LTL) carriers transport the consolidated cargo of several shippers on one truck, dropping goods off at multiple delivery points. LTL carriers are covered in a separate industry profile.
Competitive Landscape
Demand is driven by consumer spending and manufacturing output. 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, serving a local market, or transporting unusually sized goods. The US industry is fragmented: the 50 largest companies account for about 40% 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.
Products, Operations & Technology
A truckload (TL) customer typically loads a trailer full (or nearly full); the carrier then transports the container, and a receiver unloads the contents. ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

12/13/2021
09/06/2021
08/02/2021
04/26/2021
01/11/2021
09/28/2020
06/22/2020
03/02/2020
04/15/2019
01/21/2019
10/15/2018
07/16/2018
04/16/2018
01/15/2018
10/09/2017
07/10/2017
04/10/2017
01/09/2017
10/03/2016
07/05/2016
04/04/2016
01/04/2016
09/28/2015
06/29/2015
03/30/2015
01/05/2015
10/06/2014
07/14/2014
04/21/2014
01/27/2014
10/21/2013
07/29/2013
05/06/2013
02/11/2013
11/05/2012
08/13/2012
05/28/2012
03/05/2012
11/14/2011
08/15/2011