During the recession, sluggish manufacturing production and slow retail spending reduced demand for freight transportation. However, industry conditions will improve as the economy stabilizes and demand for freight services increases. Furthermore, recovering consumer confidence and increased spending will
support growth in freight volumes, boosting industry demand. However, the industry will face rising competition from other modes of transportation, such as rail, air and ocean. For these reasons, industry research firm IBISWorld has added a report on the Local Freight Trucking industry to its growing industry report collection.
