Long Distance Freight Trucking Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight trucking establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Long Distance Freight Trucking industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Long Distance Freight Trucking companies in the United States.
Long Distance Freight Trucking Revenue by State
Distribution by Company Size
| Company Size | All Industries | Long Distance Freight Trucking |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Long Distance Freight Trucking Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Long Distance Freight Trucking industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Trans box & pallet gds no clim-ctrl, except intrmdl tnk cont, rd, tl |
| Trans box & pallet gd, no clim-ctrl, except intrmd tnk cont, rd, ltl |
| Transportation of other goods by road |
| Trans of clim-contld box & pallet gds except intermdl tank conts, rd |
| Trans of dry bulks, except in intermodal tank containers, by road |
| Transportation of other intermodal containers, nec, by road |
| Warehousing services |
| Trans of bulk lqds & gases, except in intermodal tank conts, by road |
| Domestic freight transportation arrangement service |
Salary information for employees working in the Long Distance Freight Trucking industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 3% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 1% |
| Office and Administrative Support Occupations | 12% |
| Transportation and Material Moving Occupations | 76% |
| Motor Vehicle Operators | 63% |
| Driver/Sales Workers and Truck Drivers | 63% |
| Heavy and Tractor-Trailer Truck Drivers | 60% |
| Material Moving Workers | 10% |
| Laborers and Material Movers, Hand | 8% |
| Laborers and Freight, Stock, and Material Movers, Hand | 7% |
Government Contracts
The federal government spent an annual total of
$62,197,153 on the long distance freight trucking industry. It has awarded 508 contracts to 79 companies, with an average value of $787,306 per company.
Top Companies in Long Distance Freight Trucking and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
