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Long-Distance Freight Trucking in the US Industry Data and Analysis
The long-distance freight trucking industry faces significant headwinds primarily driven by weak freight demand and tariff-induced cost pressures that fundamentally alter the competitive landscape. The reinstatement and expansion of tariffs on goods from key trading partners, including China, Mexico and Canada, has created a stagflation environment where operating costs climb. At the same time, freight volumes and rates remain stagnant. Tariffs on intermediate goods have driven up costs for imported consumer products and domestic manufacturing inputs, further constraining freight demand across multiple sectors. Profit margin has deteriorated substantially, falling from 7.2% of revenue in 2020 to just 5.0% in 2025, with the truckload sector posting a negative operating margin averaging -2.3%. This challenging environment contributed to a five-year revenue contraction at a CAGR of -4.3% and a 1.0% drop in 2025 alone, bringing industry revenue to $225.0 billion.
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What's included in this industry analysis
IBISWorld's research coverage on the Long-Distance Freight Trucking industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Long-Distance Freight Trucking industry in the United States operates under the NAICS industry code 48412. Companies in the industry handle various commodities, which are often palletized and transported in containers or van trailers. Businesses typically provide trucking between metropolitan areas and regions that may cross North American country borders. The industry includes companies operating as a truckload and less-than-truckload carriers. Related terms covered in the Long-Distance Freight Trucking industry in the United States include truckload, less-than-truckload (ltl), fuel surcharge, just-in-time (jit) and delivered in-full on-time (difot).
What's included in this industry?
Products and services covered in Long-Distance Freight Trucking industry in the United States include Truckload carriers, Less-than-truckload carriers and Other transportation services.
What companies are included in this industry?
Companies covered in the Long-Distance Freight Trucking industry in the United States include Hunt J B Transport Services Inc. and Knight-Swift Transportation Holdings Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Long-Distance Freight Trucking industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Long-Distance Freight Trucking industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Long-Distance Freight Trucking industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Long-Distance Freight Trucking industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Long-Distance Freight Trucking industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Long-Distance Freight Trucking industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Long-Distance Freight Trucking industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Long-Distance Freight Trucking industry in the United States.
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Frequently Asked Questions
What is the market size of the Long-Distance Freight Trucking industry in the United States in 2026?
The market size of the Long-Distance Freight Trucking industry in the United States is $225.0bn in 2026.
How many businesses are there in the Long-Distance Freight Trucking industry in the United States in 2025?
There are 580k businesses in the Long-Distance Freight Trucking industry in the United States, which has grown at a CAGR of 1.6 % between 2020 and 2025.
How may import tariffs affect the Long-Distance Freight Trucking industry in the United States?
The Long-Distance Freight Trucking industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Long-Distance Freight Trucking industry in the United States?
The Long-Distance Freight Trucking industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Long-Distance Freight Trucking industry in the United States grown or declined over the past 5 years?
The market size of the Long-Distance Freight Trucking industry in the United States has been declining at a CAGR of 4.3 % between 2020 and 2025.
What is the forecast growth of the Long-Distance Freight Trucking industry in the United States over the next 5 years?
Over the next five years, the Long-Distance Freight Trucking industry in the United States is expected to grow.
What are the biggest companies in the Long-Distance Freight Trucking industry in the United States?
The biggest companies operating in the Long-Distance Freight Trucking industry in the United States are Hunt J B Transport Services Inc. and Knight-Swift Transportation Holdings Inc.
What does the Long-Distance Freight Trucking industry in the United States include?
General long-distance truckload transit and General long-distance less-than-truckload transit are part of the Long-Distance Freight Trucking industry in the United States.
Which companies have the highest market share in the Long-Distance Freight Trucking industry in the United States?
The company holding the most market share in the Long-Distance Freight Trucking industry in the United States is Hunt J B Transport Services Inc..
How competitive is the Long-Distance Freight Trucking industry in the United States?
The level of competition is high and steady in the Long-Distance Freight Trucking industry in the United States.
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