Local Specialized Freight Trucking in Canada - Industry Market Research Report

Local Specialized Freight Trucking in Canada - Industry Market Research Report
Local Specialized Freight Trucking in Canada

Canadian local specialized freight trucking companies have endured uncertainty following volatile downstream demand. Carriers transport freight requiring specialized handling and trailers within metropolitan and local areas. This includes bulk liquids, dry bulk materials, forest products, refrigerated goods, automobiles and heavy equipment. The uneven performance of the nonresidential construction market and large fluctuations in the world price of crude oil have driven volatility. Ultimately, skyrocketing oil prices supported liquid bulk demand, despite high fuel costs pressuring profit. Revenue will fall at an expected CAGR of 2.5% to $10.0 billion through the current period, including a 0.9% drop in 2023.

Canadian local specialized freight trucking companies provide local trucking services using specialized equipment within a metropolitan area. Companies transport bulk liquids, dry bulk materials, forest products, automobiles, boats, livestock and other specialized freight. This does not include used goods transportation.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.