New Study Projects Encouraging 5 Year Growth for Trucking Sector
By Dan Boaz
One of the most encouraging reports that we've read so far this year should boost confidence throughout the trucking sector in terms of future planning. The report has been compiled by the Market Research Store following analysis of many of the largest firms in the industry and includes an examination of the annual year-over-year growth forecast for domestic road freight transportation carriers for the period 2015-2019.
Starting with the parameters of the report is most helpful to understand just how encouraging the study is. It's a very inclusive analysis that takes into account less than truckload and full truckload carriers in addition to refrigerated vehicles. Telllingly the report hasn't taken exisiting numbers and historical/economical trends to produce the data but has instead compiled the data from those who head the sector including Con-way Inc., J.B. Hunt Transport Services Inc., Schneider National Inc., Swift Transportation Inc. and Werner Enterprises Inc.
In addition to these vendors the same research was completed with leaders from more than 30 other large freight and logisitics companies across the United States.
The element of the report that may draw the most fanfare is the report's conclusion that the compounded year-over-year growth rate for the sector is an encouraging 4.67% for the entire duration of the study period. The fact that these are compounded rates make that projection even more significant in my opinion and should certainly raise optimism across the sector.
The full report delivers a detailed analysis of the overall vendor landscape in addition to in-depth summaries from each of the top five vendors in the market as listed above. The report offers far more than statistics however as it presents a summary of the major challenges that will be faced, the overall strengths and weaknesses of the primary vendors and what key changes and opportunities are likely to seen within the industry over the coming five years.
The full 67 page report is published via PDF and is definitely aimed at the executive level within the industry but it is certainly worth requesting a sample from the publisher which is linked here. Pricing for the entire report begins at $2,500 and full details are also available via the link above.
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