$13.2bn
$XXX.Xm
33,140
3,677
$X.Xbn
Despite pandemic-era disruptions, the popularity of temperature-sensitive foods has kept demand for long-distance refrigerated trucking resilient. Sustained consumer spending on frozen foods, fruits, vegetables and meats insulated the industry from major trends and protected an essential lifeline during the COVID-19 pandemic. Still, refrigerated truckers' revenue slipped in 2020 as plummeting diesel prices pushed them to remove fuel surcharges. Meanwhile, the industry's landscape has become more fragmented as manageable barriers to entry have made room for a flood of new entrants. Industry revenue has been climbing at a CAGR of 1.5% to an estimated $13.1 billion over the five years through 2024, despite a dip of 1.0% in 2024 alone.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $13.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
C.R. England, Inc. | 664.5 | 55.6 | 8.4 | |
Knight-Swift Transportation Holdings Inc. | 324.7 | 30.4 | 9.4 |
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Industry revenue is measured across several distinct product and services lines, including Refrigerated truckload, Refrigerated intermodal trucking and Brokerage and logistics. Refrigerated truckload is the largest segment of the Long-Distance Refrigerated Trucking in the US.
Refrigerated trucking is the industry's backbone
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.
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NAICS 48412 - Long-Distance Refrigerated Trucking in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Refrigerated truckers' freight insulates them from economic shocks across the economy. While the COVID-19 pandemic halted many operations, refrigerated truckers were still ne...
Learn about an industry's products and services, markets and trends in international trade.
Wholesalers and retailers generate most of the industry's revenue. Most refrigerated truckers carry food for resale to consumers.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The abundance of manufacturers in the Great Plains makes it a popular destination for refrigerated truckers. It is also near many trading ports, allowing companies to carry i...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Refrigerated trucking has low barriers to entry. Anyone with a commercial driver's license (CDL), a truck and the proper equipment can begin competing in the industry. Over h...
Learn about the performance of the top companies in the industry.
In April 2021, C.R. England (C.R.) announced its largest driver pay raise in company history. C.R. estimated that drivers would make 35.0% more than the previous year.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry receives little government assistance. Trade organizations somewhat make up for a lack of federal support by advocating for pro-industry legislation and providin...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Fuel is one of the top expenses for refrigerated truckers, and prices can be volatile. Trucking companies can usually pass these costs down to customers in the form of fuel s...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Long-Distance Refrigerated Trucking in the US industry in United States is $13.2bn in 2024.
There are 3,677 businesses in the Long-Distance Refrigerated Trucking in the US industry in United States, which has grown at a CAGR of 5.3 % between 2019 and 2024.
The market size of the Long-Distance Refrigerated Trucking in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Long-Distance Refrigerated Trucking in the US industry in United States is expected to grow.
The biggest companies operating in the Long-Distance Refrigerated Trucking market in United States are C.R. England, Inc. and Knight-Swift Transportation Holdings Inc.
Providing refrigerated truckload services and Providing ancillary services like brokerage and logistics services are part of the Long-Distance Refrigerated Trucking in the US industry.
The company holding the most market share in United States is C.R. England, Inc..
The level of competition is high and increasing in the Long-Distance Refrigerated Trucking in the US industry in United States.