Procurement Market Intelligence Report
Local Freight Trucking Services
Sourcing Guide & Market Intelligence
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Local Freight Trucking Services Global Overview
Definition
Summary
This market’s suppliers (also called carriers) provide trucking services within a single metropolitan area, thereby making their shipping routes short enough for same-day returns. Carriers move palletized general cargo primarily using box trucks for transport. Buyers of local freight trucking services typically include manufacturers, retailers, distributors, and businesses needing goods transportation within a specific geographic area.
This Report Includes:
- Loading & Unloading Goods
- Shipping by Cargo Van
- Shipping by Box Truck
- Shipping by Semi Truck
Not in this Report:
- Refrigerated Transport
- Automobile Transport
- Intermodal Container Transport
- Oversize-Load Transport
- Transport of Bulk Liquids or Dry Goods
Global Local Freight Trucking Services Procurement Trends
Discover the top international trends affecting procurement in the global Local Freight Trucking Services market.
Warning Trends
Increased tariffs on copper imports take effect
- On August 1, the Trump administration implemented 50.0% tariffs on imported copper. Chile and Canada will be most impacted by these tariffs, as they account for a combined 87.0% of all copper imports in the United States.
- However, these tariffs are less sweeping than initially expected, only applying to semi-finished copper products, while excluding high-purity refined copper and copper input materials, such as ore and concentrate. As leading importers, such as Chile and Canada, have both high copper mining and refining capacities, they will likely avoid most of these tariffs by either exporting the copper in its unrefined form or refining the copper before exporting it to the United States
- These copper tariff exemptions limit the impact on the electronics and electrical equipment sectors because these applications require refined copper due to its optimal conductive properties.
- Thus, the prices of metal alloys that include copper, consumer products made from copper, tools, plumbing, corrosion-resistant alloys, and construction materials made from copper are forecast to rise by an average of 39.2%, according to the Yale Budget Lab.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Local Freight Trucking Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 India | 1,151,850 |
| #2 Oceania & Southeast Asia | 804,695 |
| #3 Africa & Middle East | 547,005 |
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Geography Drilldown - US, Canada & Europe
Average Cost of Local Freight Trucking Services
United States
2026 Market Pricing$1.50 to $X.XX
per mileCanada
Europe
Average Price
Prices in the Local Freight Trucking Services market range from $1.50 to $X.XX, depending on Distance, Shipping Priority, Vehicle Type, Shipment Weight and Fuel Surcharge. For example, lower prices are associated with Buyer located close to vendor location, whereas higher prices are associated with Buyer located far from vendor location.
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Local Freight Trucking Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Local Freight Trucking Services market, prices in the US have declined -2.9% from 2022 to 2025. and --1.6% in Europe.
United States (2022-2025)
Canada (2021-2024)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Local Freight Trucking Services
Total cost of ownership is Low in the Local Freight Trucking Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Customization
Billed During
Handling
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.5 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Gasoline & Petroleum Wholesalers
- Truck & Bus Manufacturers
- Tire Wholesalers
2nd
Tier Suppliers
- Gasoline & Petroleum Bulk Stations
- Auto Parts Manufacturers
- Tire Manufacturers
Biggest Local Freight Trucking Services Suppliers in the US by Revenue
The largest Local Freight Trucking Services vendors by revenue in the US are Hunt J B Transport Services Inc., Werner Enterprises, Inc. and Hub Group, Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| FedEx Corporation | International | MEMPHIS, TN | >10,000 | < 5 | ||||
| Hunt J B Transport Services Inc. | Global | LOWELL | >10,000 | < 5 | ||||
| Xpo Logistics, Inc. | Global | GREENWICH | >10,000 | < 5 | ||||
| Knight-Swift Transportation Holdings Inc. | International | PHOENIX | >10,000 | < 5 | ||||
| Old Dominion Freight Line Inc. | Global | THOMASVILLE, NC | >10,000 | < 5 | ||||
| Schneider National, Inc. | National | Green Bay, WI | >10,000 | < 5 | ||||
| Landstar System Inc. | Global | JACKSONVILLE | 1,001-10,000 | < 5 | ||||
| Arcbest Corporation | National | Fort Smith, AR | >10,000 | < 5 | ||||
| Hub Group, Inc. | International | Oak Brook | 1,001-10,000 | < 5 | ||||
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Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Local Freight Trucking Services market is 6.0% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
With low barriers to entry and the local nature of the service provided in this market, market share concentration is low. Low market share concentration benefits buyers by increasing competitive pressure among large and small suppliers alike.
With the domestic and global economy growing, trucking suppliers are enjoying steady sales revenue and low bankruptcy risk. Low vendor risk increases the value of long-term contracts in that it ensures little likelihood of service interruption during the contract term.
Overall, there is a medium level of risk in the supply chain for local freight trucking services. Much of this risk stems from gasoline and petroleum wholesalers, which provide fuel to suppliers.
The United States is a net exporter of trailers and semi-trailers, indicating that domestic suppliers may have a greater ability to meet demands.
Supplier Information
Arcbest Corporation
Arcbest Corporation is a public company operating nationally in the other services (except public administration) sector. The company's offerings include refrigerated trucking services, local freight trucking services, national trucking services, petroleum & chemical trucking services, truck maintenance &... Subscribe to learn more
FedEx Corporation
FedEx Corporation is a public company operating internationally in the manufacturing, manufacturing, professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include business card printing, banners, letter & parcel Subscribe to learn more
Hub Group, Inc.
Hub Group, Inc. is a supply chain solutions provider that offers comprehensive transportation and logistics management services. It organizes its business into two reportable segments: the Intermodal and Transportation Solutions segment, which includes intermodal and dedicated trucking operations, and the... Subscribe to learn more
Hunt J B Transport Services Inc.
Hunt J.B. Transport Services, Inc. is a surface transport, delivery, and logistics company for various industries. It provides intermodal freight solutions to customers throughout the continental United States, Canada, and Mexico. It designs, develops, and executes supply chain solutions to support various... Subscribe to learn more
Knight-Swift Transportation Holdings Inc.
Knight-Swift Transportation Holdings Inc. is a truckload carrier and transportation solutions provider. It offers multiple truckload transportation, intermodal, and logistics services. It operates a nationwide network of business units and terminals in the US and Mexico. It also contracts with third-party... Subscribe to learn more
Landstar System Inc.
Landstar System, Inc. is a transportation management solutions provider in the US, Canada, and Mexico. It offers truckload, less-than-truckload, and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, US-Canada... Subscribe to learn more
Old Dominion Freight Line Inc.
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) motor carrier that provides regional, inter-regional, and national LTL services. Its service offerings include expedited transportation, container drayage, truckload brokerage, and supply chain consulting. It operates a network of service centers... Subscribe to learn more
Schneider National, Inc.
Schneider National, Inc. is a public company operating nationally in the professional, scientific and technical services sector. The company's offerings include rail cargo transportation services, local freight trucking services, national trucking services, petroleum & chemical trucking services, drayage Subscribe to learn more
Werner Enterprises, Inc.
Werner Enterprises, Inc. is a public company operating globally. The company's offerings include local freight trucking services and national trucking services. Founded in 1956, the company is currently headquartered in OMAHA, Nebraska, United States of America with an estimated 14300 employees. Subscribe to learn more
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Procurement Management KPIs for the Local Freight Trucking Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Employee Training Rate and Net Promoter Score (NPS). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Tracking and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Employee Training Rate |
|
Number of employees that undergo evaluation Number of employees that pass evaluation |
The employee training rate represents the share of employees a company can successfully train. Buyers shipping high-value goods should place greater importance on this metric, as they will need more training and proper handling of these goods to minimize damage losses. |
| Net Promoter Score (NPS) |
|
Number of promoters Number of detractors Number of passives |
Customers are classified as promoters, passives, and detractors through surveys that ask them to rate how likely they would be to recommend the vendor to another customer. The NPS allows buyers to compare a numerical value between vendors directly to determine which vendors are looked at more favorably by their customer base. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
How diversified is your supplier base for inputs?
Do you source from multiple suppliers in different global regions?
Surcharges
How often do you revise fuel surcharges?
How do your surcharge rates compare to those of your competitors? What triggers fuel surcharge increases?
Timeliness
What is your on-time delivery rate?
What percentage of your late trucks are more than one hour late?
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Local Freight Trucking Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organizations and explain why they seek local freight trucking services.
Buyers need to describe what they are transporting, where, and how. This overview should give vendors enough information to quickly evaluate whether they can provide services.
Statement Of Need
Buyers must include a detailed description of the exact type of goods being transported, their packaging, quantity, etc.
Buyers should also include a detailed description of the transported goods and explain their expectations for the shipment process.
Project Budget
Buyers should explicitly state the amount of the contract award.
Buyers should explain whether they expect to pay for services after each shipment or at some other point during the contract's life.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
