News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, July 06, 2018 ) The truck transportation industry comprises establishments offering trucks and tractor trailers to provide road transportation of cargo. This industry does not include household and office goods movers, which is a specialized industry.
The global truck transportation market is valued at above $1 trillion in 2017 and expected slight growth due to positive economic outlook in many developed and developing economies and strong economic activity in emerging countries such as China and India.
In the report, the global truck transportation market is divided into two segments, namely general freight trucking and specialized freight trucking. While the first segment is accounted for nearly, 70% of the market share, the remaining share is attributed to the other segment.
The USA was the largest country in the truck transportation market in 2017, accounting for one-fourth of the market share. Japan and China followed the USA as the next largest countries in the market.
The truck transportation market is highly fragmented with the top five competitors in the market making up around 2% of the total market share in 2017. C.H. Robinson was the largest competitor of the market, followed by J.B. Hunt Transport Services Inc. and YRC Freight. C.H. Robinson is a global third party logistics company which provides freight transportation services and logistics solutions. The company is headquartered in Minnesota, United States and has 14,125 employees.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
