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. Pricing for the entire report begins at $2,500 and full details are also available via the site above.
Related Blog Posts
Truckload Demand Remains Higher than this Time Last Year
Based on the latest reports on durable goods manufacturers’ shipments, orders and inventories, freight volume has yet to decline. The most recent numbers from the US Census Bureau show that orders for manufactured durable goods increased in May by 0.7% to $267.2 billion. This follows increases for seven of the past eight months. This May, shipments of manufactured durable goods increased by $3.6 billion or 1.3%, followed by a 0.3 % rise in...
What is Hot Shot Trucking? aka HotShot Trucking
Modern business is all about strict timelines. Whether your field is manufacturing, extraction, retail, or research and development, your operations are bound to rely on a variety of activities that operate in tandem. The most minor of supply shortages can throw these activities off, potentially costing you thousands of dollars just for a few hours' delay. Success thus hinges on your ability to right the ship as quickly as possible after a...
House Bill 7095 / Section 4202
House panel to vote on bill with measures on CSA, SFD, HOS The Democratic leadership of the House Transportation & Infrastructure Committee on June 4 introduced legislation (H.R. 7095) to reauthorize transportation programs following the expiration of the FAST Act on September 30. Title IV of the bill addresses motor carrier safety and includes several significant provisions related to Federal Motor Carrier Safety Administration (FMCSA)...
The Advantages of Hot Shot Trucking for Small Businesses
In the world of logistics, small businesses often face unique challenges when it comes to shipping their products efficiently and cost-effectively. This is where hot shot trucking can be a game-changer. Hot shot trucking offers a range of advantages that can significantly benefit small businesses, enabling them to compete in the marketplace and meet customer demands. In this blog post, we will explore the advantages of hot shot trucking for...
How Highway Closure Impacts Hot Shot Trucking California
Natural disasters can disrupt any industry, but their impact is particularly serious for logistics companies. The recent mudslides in California are a powerful case in point. By blocking Highway 101, one of the Golden State’s most important roadways, this environmental crisis has diverted trucks from their usual routes. This has significantly increased the cost and difficulty of completing hot shot freight deliveries, hampering the economy of...
Essential Tips for Successful Hot Shot Trucking
Running a successful hot shot trucking business requires a combination of effective strategies, attention to detail, and a commitment to customer satisfaction. Whether you're a new entrant or an experienced hot shot trucker, adopting essential tips can help you navigate the industry and increase your chances of success. In this blog post, we will provide practical advice and strategies for running a thriving hot shot trucking business, covering...
Louisiana's Transportation Plan To Benefit Hot Shot Trucking Industry
After years of discussion and debate from countless stakeholders, Louisiana is starting a new infrastructure project. Governor John Bel Edwards unveiled a $600 million plan to improve the state’s highways. Focusing on widening Interstate 10, this plan will be a boon to Hot Shot Trucking and other transportation companies that traverse the state. Governor Edwards announced the plan on Friday, May 13th, claiming that it was “of the utmost...
Regulatory and Legislative Update - February 2023
Contents Regulation and Enforcement FMCSA proposes to revamp SMS, rejects IRT as ‘overly complex’ FMC judge rules in favor of motor carriers on intermodal chassis choice Further input sought on regulating autonomous trucking operations Three ELDs are removed from FMCSA’s list of registered devices CVSA International Roadcheck scheduled for May 16-18 FMCSA rejects driver’s requested exemption from HOS, ELD requirements Multiple carriers seek...
Regulatory and Legislative Update - January 2023
Contents Regulation and Enforcement FMCSA proposes changes in broker and forwarder requirements Exemption rejected for including hair testing results into drug clearinghouse FMCSA implements 10-year refresher training and certification for medical examiners DOT modal agencies adjust civil penalties for inflation FMCSA to begin work on vehicle crash causation study Stevens Transport receives CDL-related exemption FMCSA grants two driver training...
Regulatory and Legislative Update - July 2023
Contents Regulation and Enforcement FMCSA close to seeking input on safety fitness determination regulations FMCSA takes steps to address counteract fraudulent carriers Final guidance issued on definitions of brokers and bona fide agents Truck Leasing Task Force holds inaugural session FMCSA plans to address mandate concerning carriers’ knowledge of regulations NHTSA, FMCSA plan to mandate automatic braking systems on new trucks CARB, truck...
Regulatory and Legislative Update - January 2024
Regulatory and legislative news for January 2024 includes FMCSA Registration Modernization Stakeholder Day, the DOL issuing its final rule on independent contractor classification, comments being sought on petitions to overturn California and Washington preemption and more. Contents Regulation and Enforcement FMCSA Registration Modernization Stakeholder Day DOL issues final rule on independent contractor classification Comments sought on...
Regulatory and Legislative Update - September 2021
Contents Regulation and Enforcement FMCSA seeks feedback on Part 379 records retention requirements FMCSA extends COVID enforcement relief, seeks carrier reports on its use CVSA policy adopted as certification standards for driver/vehicle inspections Comments due September 23 on MRB report regarding alternative vision standard FMCSA plans to renew consumer complaint database FMCSA seeks approval for information collection related to waivers and...
WHAT IS HOT SHOT TRUCKING? AKA HOTSHOT TRUCKING
Modern business is all about strict timelines. Whether your field is manufacturing, extraction, retail, or research and development, your operations are bound to rely on activities that operate in tandem. The most minor of supply shortages can throw these activities off, potentially costing you thousands of dollars just for a few hours' delay. Success thus hinges on your ability to right the ship as quickly as possible after a supply shortage arises.
Industries We Serve
Modern day hot shot trucking provides the speed and exclusivity you need to meet the most demanding and time-sensitive shipping requirements. We use every resource, avenue, and channel available to ship your freight by ground or air. Designed specifically to address supply and distribution problems that arise without warning, hotshot trucking tactics involve coordinating a network of carriers in a variety of locations. By calling on the vehicles closest to your supply or distribution points, hotshot brokers can fill any sudden gaps in your supply network almost as soon as they happen. This minimizes the disruption to your business and allows you to quickly return to ordinary operations, weathering the storm without skipping a beat.
Automotive
The automotive supply chain already has significant challenges. Don’t let malfunctioning equipment stop the production line. Step on the gas with HotShotTrucking.com’s suite of services that will get you back in the fast lane. With HotShotTrucking.com, companies are devising shipping strategies to swiftly deliver critical parts and equipment — whether it's ground expedite service with sprinter vans, box trucks and 53-foot tractor trailers or air freight and air cargo.
Aviation & Aerospace
Every moment a commercial airliner sits on the ground, it costs an airline money. Expedited freight services by HotShotTrucking.com can get you back in the air with prompt delivery of parts and equipment throughout North America. We are equipped with the expertise to navigate the complexities of shipping jet engines and other types of loads, and our network of hot shot drivers has extensive experience transporting aviation assets.
Construction
One shipping delay can snowball and cause delays throughout your entire project. You need an experienced 3PL provider who understands the construction industry and has the logistical reach to deliver your freight on time, anywhere. That 3PL partner is HotShotTrucking.com. Whether in the air or on the ground via truck and trailer, we can connect companies to expedited freight services for the prompt delivery of parts and equipment throughout North America.
Mining & Metals
From cranes to chemicals to excavators to conveyor belts, HotShotTrucking.com has the experience and industry know-how required for shipping sensitive, oversized, and hazardous equipment. Third-party hot shot trucking and logistics providers such as HotShotTrucking.com specialize in devising and implementing innovative shipping solutions, ensuring mines can swiftly return to operation. We’ll pick up your shipment, deliver it to the airport and receive it at the other end – providing hand-carried service as necessary or required.
Manufacturing
Every moment a manufacturing facility or factory sits idle costs a company money because of the high costs involved. With many manufacturers building to only just-in-time production rates, any disruption threatens parts and vehicle inventories. This is where the speed and expertise of freight services from HotShotTrucking.com can make a difference throughout the entire manufacturing supply chain. We do all the logistical legwork to find the optimal solution for your job, whether it's an exclusive air charter or expedited ground shipping.
Telecommunications
From servers to cell towers, information, voice, and data must flow to keep businesses, production, and the public online and connected. When equipment goes dark, depend on HotShotTrucking.com to get your systems flashing green again. This is where the speed and experience of trucking and freight services from HotShotTrucking.com can help. Our hot shot truck network excels at the prompt delivery of parts and equipment throughout North America.
Oil & Gas
The oil and gas industry faces challenging conditions in offshore and onshore oil rigs, often in remote locations with limited infrastructure. Don’t let oil pumps or pipelines sit idle waiting for equipment. By having the right plans, parts, people, and logistics partner like HotShotTrucking.com, you can effectively mitigate plant or pump downtime, unscheduled disruptions, and equipment failures.
Cost of Urgent Shipping
Which of our specialized shipping services best fits your needs?
Blog and Resource Center
How AirFreight.com Solved a PGA Tour Shipping Emergency
Learn how AirFreight.com located a lost shipment and helped save the PGA Golf Tour.
How AirFreight.com Saved The Farm By Solving A Major Shipping Delay
Learn how we saved a Montana-based artisanal farm thousands of dollars by expediting a shipment of perishable goods.
Expedited Shipping Vendor Comparison
We’ve done the research for you. This vendor comparison sheet breaks down how AirFreight.com stacks up against the competition.
talk to an expeditor now
Get a Quote in Minutes for Your Time-Critical Freight Needs
GET A QUOTE
Call (800) 604-2511