DATE: May 09, 2019
2019 Transportation Industry Outlook
As we approach the second half of 2019, the Nolan team has taken an in-depth look at the Transportation space. Learn more about the 6 trends we’ve uncovered from our discussions with buyers and sellers.
Key takeaways in this update:
- Economists expect freight tonnage to continue to grow approximately 3-4% in 2019
- The largest 3 truckload carriers account for just 6% of the market’s revenue, leaving room for consolidation
- The e-commerce and manufacturing industries are expecting 31.1% and 6.5% growth respectively over the next four years
- The industry is facing a lack of skilled drivers and capacity concerns, leading to increased wages and costs