This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.
The General Freight Trucking, Long-Distance, Truckload industry (NAICS 484121) has been experiencing significant qualitative trends recently, primarily influenced by technological advancements, regulatory changes, and market dynamics. A key trend is the increasing adoption of digital freight matching platforms, which enhance efficiency by connecting shippers and carriers more effectively and providing real-time tracking and analytics. Moreover, the industry sees a growing emphasis on sustainability, with many companies investing in fuel-efficient vehicles and exploring alternative energy sources like electric trucks to reduce their carbon footprint.
Labor shortages continue to pose challenges, particularly with the ongoing scarcity of drivers, prompting companies to invest in autonomous trucking technology. Regulatory measures concerning driver hours and electronic logging device mandates are also driving operational changes across the sector.
Looking ahead, the demand for long-distance freight trucking services is expected to remain robust due to sustained e-commerce growth and economic recovery. Companies that leverage technology to improve operational efficiency and adapt to regulatory requirements will likely stay ahead in the competitive landscape. There is also likely to be increased consolidation within the industry, as larger players acquire smaller firms to expand their capacity and geographic reach.
Bulk mail truck transportation, contract, long-distance (TL)
Container trucking services, long-distance (TL)
General freight trucking, long-distance, truckload (TL)
Motor freight carrier, general, long-distance, truckload (TL)
Trucking, general freight, long-distance, truckload (TL)
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.