Profile Of The Regional LTL Trucking Industry

Regional LTL trucking companies specialize in providing expedited overnight and second day transportation services most suited to the business-to-business, time sensitive demands. Their freight operations involve terminals, over-the-road and city vehicles that travel more than 7.6 billion miles annually and sophisticated technology. The collective purchasing power of regional LTL carriers is in excess of $10 billion annually. Their principle annual expenditures are:

$1 billion on tractors and trailers

$1.3 billion on maintenance

$1.35 billion on fuel, oil and coolant

$400 million on parts

$400 million on tires

$700 million on insurance

$2 billion on employee benefits, including medical, life, pension and education expenses

$1 billion on computer equipment and software for scheduling, routing, tracking, freight billing, administrative, bar coding, imaging and communication

$1.1 billion for purchased transportation or leased equipment

$2.4 billion for office products and equipment

 

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