Long-Distance Refrigerated Trucking in the US - Industry Market Research Report

Chilly trip: Refrigerated truckers will likely benefit from a growing economy as the goods they transport are necessities, thus supporting industry growth

Long-distance refrigerated truckers transport many climate-sensitive products nationwide using trucks that pull climate-controlled, refrigerated trailers (reefers). While refrigerated truckers have experienced volatile conditions, the need to transport necessities has allowed companies to stay afloat. Overall, industry revenue has been growing at a CAGR of 2.7% over the past five years, including an estimated 0.2% in the current year, and is projected to total $13.8 billion in 2023. Industry operators provide long-distance refrigerated trucking services, moving climate-sensitive products ranging from meat and poultry to pharmaceuticals and cosmetics, among other goods. Goods are typically transported from manufacturers to wholesalers and retailers throughout the country. This industry excludes any regional transportation services that can be completed in under a day. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.