Trucking revenue increasingly flows to biggest carriers
In the U.S., 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 doubled 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.
Read more here.