Trucking along: The industry is expected to benefit from the outsourcing of private trucking fleets

Over the five years to 2017, the Local Specialized Freight Trucking industry has had a bumpy ride. Industry operators transport freight requiring specialized handling and trailers within metropolitan and local areas. This includes bulk liquids, dry bulk materials, forest products, refrigerated goods, automobiles and heavy equipment. Industry revenue initially expanded during the first half of the five-year period, as booming oil production and construction activity caused demand for industry services to climb. However, the industry has had difficulty in recent years. Moving forward, industry revenue is expected to rebound as overall growth in the Canadian economy fuels demand for specialized transportation services...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
36,558
Businesses
10,238
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry demand has weakened as a result of declines in the mining, residential construction and oil and gas extraction sectors
  • Recent slowdowns in downstream sectors have caused industry revenue to fall
  • Demand for industry services is projected to continue slowly growing over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Local Specialized Freight Trucking industry is in a mature phase of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an annualized rate of 1.6% over the 10 years to 2022, while Canada's GDP is projected to increase at an annualized rate of 1.9% during the same period. Typically, IVA growth that is so close to GDP growth is reflective of a mature industry. Both the industry's and Canada's growth and slowdown over the past five years has been driven by commodity production and construction, and as a result, both had similar progress. Moreover, just like the rest of the transportation sector, industry operators lend crucial support to the economy, moving vital cargo among various sectors...purchase to read more.

    Additional Insights for the Local Specialized Freight Trucking Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Local Specialized Freight Trucking Industry are

  • Having a good reputation
  • Ability to attract local support
  • Access to the latest available technology
  • IBISWorld analysts also discuss how external factors such as Demand from oil and gas extraction and Demand from mining (except oil and gas) in the Local Specialized Freight Trucking industry impact industry performance..

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    What's in this report

    What is the Local Specialized Freight Trucking Industry?

    Operators in this industry provide local trucking services using specialized equipment within a metropolitan area. Companies in the industry transport bulk liquids, dry bulk materials, forest products, automobiles, boats, livestock and other specialized freight. This does not include the transport of used goods.

    Industry Products
  • Liquid bulk transportation
  • Dry bulk transportation
  • Forestry products transportation
  • Other services
  • Industry Activities
  • Local agricultural products trucking
  • Local automobile carrier services
  • Local boat, log, sand and coal hauling services
  • Local bulk liquid trucking
  • Local dump trucking and flatbed trucking
  • Local refrigerated products trucking
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from oil and gas extraction
  • Demand from mining (except oil and gas)
  • Value of nonresidential construction
  • Value of residential construction
  • World price of crude oil

  • Current Performance
  • Initial boom
  • Slowing demand
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Lacklustre demand
  • Supply chains and outsourcing
  • Profit and participation
  • Table: Local Specialized Freight Trucking Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Local Specialized Freight Trucking Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Mining In Canada
  • Construction In Canada
  • Manufacturing In Canada
  • Transportation and Warehousing In Canada
  • Accommodation and Food Services In Canada

  • Key Selling Industries
  • Auto Parts Manufacturing in Canada
  • Fuel Dealers in Canada
  • Truck & Bus Manufacturing in Canada
  • Truck, Trailer & Motor Home Manufacturing in Canada

  • Products & Services
  • Liquid bulk transportation
  • Other services
  • Dry bulk transportation
  • Forestry products transportation
  • Chart: Local Specialized Freight Trucking Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commodity, petroleum and construction industries
  • Other
  • Forestry industries
  • Automotive industries
  • Chart: Major Market Segmentation for the Local Specialized Freight Trucking Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Local Specialized Freight Trucking

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Local Specialized Freight Trucking Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Local Specialized Freight Trucking Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Local Specialized Freight Trucking Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of residential construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dry Bulk
  • Dry commodities such as grain, coal, iron ore and gravel.
  • Fuel Surcharge
  • An additional charge introduced by transport operators to cover the increased cost of fuel. It is charged in addition to the freight rate.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Liquid Bulk
  • Liquid commodities such as water, oil, chemicals and petroleum products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Local Specialized Freight Trucking market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Local Specialized Freight Trucking:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Local Specialized Freight Trucking market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Local Specialized Freight Trucking, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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