2024 Long Distance Freight Trucking, Less Than Truckload (LTL) Industry Research Report

Long Distance Freight Trucking, Less Than Truckload (LTL) - Market Size and Industry Forecast

The 2024 Long Distance Freight Trucking, Less Than Truckload (LTL) Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the long distance freight trucking, less than truckload (ltl) industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

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% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Long Distance Freight Trucking, Less Than Truckload (LTL) - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Long Distance Freight Trucking, Less Than Truckload (LTL) companies in the United States.

Long Distance Freight Trucking, Less Than Truckload (LTL) Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesLong Distance Freight Trucking, Less Than Truckload (LTL)
Small Business (< 5 Employees)

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Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Long Distance Freight Trucking, Less Than Truckload (LTL) - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Long Distance Freight Trucking, Less Than Truckload (LTL) - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Long Distance Freight Trucking, Less Than Truckload (LTL) - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

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Trans box & pallet gd, no clim-ctrl, except intrmd tnk cont, rd, ltl
Transportation of other goods by road
Trans of clim-contld box & pallet gds except intermdl tank conts, rd
Trans box & pallet gds no clim-ctrl, except intrmdl tnk cont, rd, tl
Trans of dry bulks, except in intermodal tank containers, by road
Warehousing services
Transportation of other intermodal containers, nec, by road
Warehousing services - handling of goods
Trans of bulk lqds & gases, except in intermodal tank conts, by road

Long Distance Freight Trucking, Less Than Truckload (LTL) - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations12%
Transportation and Material Moving Occupations76%
Motor Vehicle Operators63%
Driver/Sales Workers and Truck Drivers63%
Heavy and Tractor-Trailer Truck Drivers60%
Material Moving Workers10%
Laborers and Material Movers, Hand8%
Laborers and Freight, Stock, and Material Movers, Hand7%

Government Contracts

In the past, the federal government spent an annual total of $610,271 on the long distance freight trucking, less than truckload (ltl) industry. It has awarded 18 contracts to 13 companies, with an average value of $46,944 per company.

Long Distance Freight Trucking, Less Than Truckload (LTL) and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

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Long Distance Freight Trucking, Less Than Truckload (LTL) Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

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