Long-Distance Freight Trucking in Canada - Industry Market Research Report

Long-Distance Freight Trucking in Canada - Industry Market Research Report
Long-Distance Freight Trucking in Canada

Revenue for long-distance freight trucking services is expected to grow alongside favourable consumer trends. Consumption rates among consumers continue to grow, and the skyrocketing popularity of e-commerce has benefited demand for freight transportation. Meanwhile, the operating landscape has been difficult amid the pandemic and heightened internal price-based competition. Revenue is expected to grow at a CAGR of 1.3% over the past five years to $31.5 billion through the end of 2023, despite a decline of 1.4% in 2023 alone when profit will account for 11.9% of revenue.

The Long-Distance Freight Trucking industry in Canada provides long-distance general freight trucking between metropolitan areas. The industry provides truckload services in addition to less-than-truckload services. The movement of specialized freight is not included in this industry, though many operators generate marginal revenue through specialized freight activities.

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.