* Report - Trucking carriers with more than $1 billion in annual revenue
-- In the U.S.A., trucking is considered a "fragmented" industry, with hundreds of thousands of carriers, many of the fielding only a few trucks, hauling freight across the continent... However, trucking revenue has become increasingly concentrated, as the number of carriers with more than $1 billion in annual revenue more than doubling over the last decade... That’s a sign of not only economic growth and a maturing industry but a shifting freight market that depends more on large companies that can deliver substantial amounts of capacity... The long-term result, according to SJ Consulting Group, will be a more efficient and profitable group of big carriers and better transportation options, services and pricing for shippers... The growing number of large motor carriers is good news for shippers that can’t effectively tap capacity from smaller carriers without help from a third-party logistics partner...
... How concentrated has trucking revenue become? In 2013, the American Trucking Associations reported for-hire motor carriers of all types had $376.1 billion in revenue... According to SJ Consulting Group data, $89.8 billion of that for-hire revenue figure from the ATA — 24 percent of the total — went to just 23 U.S. trucking companies... Keep in mind there are more than 500,000 registered trucking firms, and the number of active, available carriers last year was close to 200,000, according to QualifiedCarriers.com... Last year, 25 trucking firms with more than a billion dollars in revenue, from UPS to Southeastern Freight Lines, had $99.5 billion in revenue, according to SJ Consulting Group... That’s 85 percent of the $117 billion in combined revenue of the 50 largest U.S.A. motor carriers, according to the SJ Consulting Group/JOC.com Top 50 Trucking Companies report...
- J.O.C., by William B. Cassidy - Apr 08, 2015
Labels: trucking markets prognosis
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