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August 2020

Trucking Services

The Dump Truck Services industry is expected to reach a market value of more than $20 billion by 2025, according to Hexa Research. The main growth drivers in the industry are related to strong activity in construction and mining. Together, the 2 segments make up more than 75% of all revenues in the United States. Especially in the Construction industry, trucking services play a central role by handling material hauling to and from construction sites. We expect the Trucking industry, especially the Dump Trucking space, to remain strong as the backlog for construction of private and public projects sees an upswing in recent months, according to ABC’s Construction Backlog Indicator.