Many Carriers Enjoy 2018 Banner Year for Revenue Growth
It was a historically great year for trucking in 2018 with robust growth in revenue and better margins, but not all companies saw the benefits of a strong economy.
Flatbed/heavy specialized and intermodal/drayage continue to be hot sectors with revenue gains of 18.9% and 18.4%, respectively in 2018. The refrigerated sector also did well, rising 12.4% year over year, followed by tank/bulk with a gain of 10.7%. Revenue declined in the motor vehicle/driveaway sector and grew very slowly in household goods/commercial delivery sectors.
Overall, revenue for 312 carriers in 11 different freight sectors increased 8% to $245.6 billion in 2018 from $227.4 billion in 2017.
LTL: Less-than-truckload
TL: Truckload/Dedicated
INT: Intermodal/Drayage
HHG: Household Goods/ Commercial Delivery
REF: Refrigerated
F/HS: Flatbed/heavy Specialized
TANK/BULK: Tank Truck
MAIL: Mail
MV: Motor Vehicle/Driveaway
A/EXP: Air/Expedited
Altogether, a group of 24 carriers generated revenue of $13.1 billion in 2018, an increase of 18.4% from $11 billion in 2017
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