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Will the Bull Run Continue for U.S. Trucking Industry?

Nalak Das

Thu, October 14, 2021, 8:10 AM·4 min read


A solidly recovering U.S. economy, a substantial surge in manufactured and retail goods, and a sharp rebound in a number of end markets are likely to fuel growth of the transportation sector. Of the various means of U.S. transport, trucking is the largest, servicing more than 70% of freight tonnage.




Solid YTD Performance by U.S. Trucking Industry

The Zacks defined Truck Industry —part of the broader Transportation sector — is currently ranked in the top 11% industries. Specifically, it is ranked number 28 of 252 industries. Year to date, this industry has provided a robust return of more than 34%. The truck industry is expected to outperform the broader market in the next 3-6 months.


The truck industry consists of truck operators transporting freight to a diverse group of customers, primarily across North America. These companies provide full-truckload or less-than-truckload (“LTL”) services over the short, medium or long haul.


Additionally, most of these entities offer logistics and intermodal services (provided by moving freight over the rail), and value-added services like container drayage, truckload brokerage, supply chain consulting and warehousing. A few also offer asset-light services to other third-party logistics companies in the transportation sector.


The American Trucking Associations, reported that truck tonnage increased 0.5% in August after falling 1.1% in July. August’s monthly gain was the first since March. The Cass Freight Index for Shipments rose 5% in August after declining 7.2% in July and June. Year over year, the shipment in August increased 12.3%.




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