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Global Trucking Industry to Reach $230 Billion by 2015: U.S. Outlook Positive

January 13, 2012, 07:00 AM
Filed Under: Transportation

GIA announced the release of a comprehensive global outlook on the Trucking Industry. The industry’s dynamics are intricately linked with macro-economic factors, and closely following the boom-trough cycles of the overall economy. The industry growth is significantly linked to the performance of key end-use markets such as manufacturing; wholesaling and retailing; agriculture; construction; mining; health and community services; and finance and insurance.

In the United States, the economic slowdown affected the trucking industry far more than the railroad sector. This is mainly due to the fact that unlike trucking industry, the railroad sector is more inclined towards transportation of non-cyclical commodities such as coal and agricultural products, which stayed relatively stable despite the economic crisis. The trucking industry, which is more dependent on manufacturing and retail demand, experienced comparatively steep decrease in volume during the economic slowdown. With the crisis compelling production shutdowns in several companies, demand for transportation of goods witnessed a considerable decline. Increase in fuel costs also accounted for the downward slide.
Presently, the industry is witnessing renewed activity buoyed by a positive outlook in the economy and improved business conditions. Freight Act of 2010, intended to enhance efficiency and security of trucking, is also expected to offer better growth opportunities for transporters. Growth is expected to be propelled by increased manufacturing activity; indicated by increase in number of workers employed, enhanced retail sales, inventory stocking, growth in freight volumes and gradual increase in utilization rates.

The research report titled “Trucking: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial
view of the global trucking industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon
include United States, Canada, Japan, UK, Australia, and China among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –

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