III. Industry Analysis
The Hot Shot Trucking industry’s performance mostly follows the United States economy, so increases in construction activity, oil production, and trade volumes have created high demand for industry services over the past five years. Further, increases in fuel prices positively affect the industry as revenue typically increases in line with fuel costs, as operators are dependent on fuel surcharge revenue. Higher construction and commodity prices have also presented another opportunity for operators.
Over the next five years, increased construction activity is expected to ensure higher demand for the Hot Shot Trucking industry, as these companies seek to avoid delays and shut-downs amid booming demand. Further, as geo-political pressures require increased domestic oil production, demand for hot shot trucking will increase in kind.
