The specialized
freight trucking market comprises establishments transporting freight (with
special size, weight, shape, or other inherent characteristics) that requires
specialized equipment, such as flatbeds, tankers, or refrigerated trailers.
These establishments also provide the transportation of used household,
institutional, and commercial furniture and equipment. Specialized freight
truckers adjust their rates according to the type of specialized transport
required.
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The market
was valued at $456 billion in 2017, and it is expected to be driven by rise in the air cargo market and specialized product shipping sectors such as e-commerce,
pharmaceuticals, and perishables. North America was the largest geographic
region in 2017, accounting for 33.4% of the market share.
The specialized
freight trucking market in The Business Research Company’s report is split into
five segments: automobiles and heavy equipment, bulk liquids, dry bulk
materials, forest products, refrigerated goods.
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The USA
was the largest country in specialized freight trucking market in 2017, accounting
for one-fourth of the global market share.
The top
five competitors in the market are UPS (United Parcel Service), FedEx (Federal Express), Schneider National,
C.H. Robinson, and J.B. Hunt Transport Services. UPS has been the largest player in the market
with revenues of $65.8 billion. It is an
American multinational package delivery company and a provider of supply chain management solutions. It is headquartered in the Georgia, USA.
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