Trucking Companies and LTL Freight Rebound/Intermodal Shipments Rise, Business and Industry Trends Analysis

Trucks are a standard means of freight transportation around the world, and in the U.S., they serve the entire nation.  Running along the vast web that is the Interstate Highway System, trucking companies about a 70% market share of freight transport, by tonnage, with railroads getting most of the rest of the market.  The trucking industry in America employed 1.44 million people as of 2018, and general trucking brought in about $267 billion in revenues during 2017, according to the Census Bureau.  Meanwhile, the dependability and extremely high fuel efficiency offered by railroads means that trains are very competitive for…

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