The size and value of the refrigerated transport industry in North America is difficult to quantify as it varies depending on the source and the specific segment of the industry being measured. However, some estimates suggest that the refrigerated trucking market in North America is worth billions of dollars and is expected to continue to grow in the coming years.
The North American refrigerated trucking market size was valued at $14.2 billion in 2019 and is expected to grow at a CAGR of 3.5% from 2020 to 2025.
Another report by MarketsandMarkets suggests that the North American refrigerated transport market size was valued at $7.1 billion in 2018 and is expected to grow at a CAGR of 4.9% from 2019 to 2024.
It is important to note that these estimates may vary depending on the source, and these numbers are constantly changing due to the dynamic nature of the economy. Additionally, the size of the refrigerated transport industry in North America is closely tied to factors such as consumer demand for fresh and frozen goods, advancements in technology, and government regulations.
The largest refrigerated transport companies in North America are:
- J.B. Hunt Transport Services, Inc. – J.B. Hunt is a Fortune 500 company based in Arkansas, USA. It is one of the largest transportation and logistics companies in North America, with a fleet of over 12,000 trucks and more than 100,000 trailers and containers. The company specializes in refrigerated transportation of fresh and frozen goods, as well as dry goods and household goods.
- Schneider National, Inc. – Schneider is a privately held company based in Wisconsin, USA. It is one of the largest trucking companies in North America, with a fleet of over 12,000 trucks and more than 50,000 trailers and containers. The company specializes in refrigerated transportation of fresh and frozen goods, as well as dry goods and household goods.
- Swift Transportation Co. – Swift is a publicly traded company based in Arizona, USA. It is one of the largest trucking companies in North America, with a fleet of over 18,000 trucks and more than 50,000 trailers and containers. The company specializes in refrigerated transportation of fresh and frozen goods, as well as dry goods and household goods.
- C.H. Robinson Worldwide, Inc. – C.H. Robinson is a publicly traded company based in Minnesota, USA. It is one of the largest third-party logistics (3PL) companies in North America, providing transportation, warehousing, and logistics services to companies of all sizes. The company has a fleet of over 40,000 vehicles and more than 100 million square feet of warehouse space.
- Marten Transport, Ltd. – Marten Transport is a publicly traded company based in Wisconsin, USA. It is one of the largest temperature-controlled truckload carrier in North America, with a fleet of over 3,000 tractors and 8,000 trailers. The company specializes in refrigerated transportation of fresh and frozen goods, as well as dry goods and household goods.