The trucking industry might have taken a blow from the recession, but services for refrigerated trucking and related industries have quickly bounced back and are now at a growing rate. During the recession, there was less construction, less manufacturing, and less personal consumption. However, the demand for staple items such as day to day refrigerated goods have stayed stable, and now the demand has been increasing. Apart from the demand for frozen food, the demand for frozen agricultural products and chemicals that need to be transported in vehicles with climate-control environment have also increased.
Since 2014, the revenue growth rate on services for refrigerated trucking has been approximately $32.6 billion annually. And in the entirety of the trucking industry, refrigerated trucking comprise 38% of it. From docks, depots and tarmacs to grocery stores, industrial sites, and pharmacies, refrigerated trucking companies embark on a complex navigation and distribution system. This ‘cold chain’ as the industry describes it, ensures the safety and freshness of the frozen goods. Another genius way that this industry has addressed growing demand and tight deadlines is the development of strategic partnership or intermodal networks. These alliances are responsible for the vibrant and rapidly growing market.
Though the industry takes pride in their contribution to the economy and the consumer’s daily lives, the tasks they undertake is not to be taken lightly. There are great responsibility and pressure in the backs of each person working in this industry. Aside from client satisfaction, safety is also paramount as some products may turn hazardous if they perish. There is also a steep rise and fall in the industries peak seasons since its primary moving for food industries. Since it is primarily transporting frozen food, its busiest season is during the holidays.
Fresh produce and frozen goods are not the only products that depend on refrigerated transportation. Other cargo such as flowers and pharmaceuticals also need their services in order to be moved or distributed. They also transport artwork, cosmetics, antiques and even live honey bees and penguins. The long list does not stop there, which means that the refrigerated transportation industry is not going to slow down. The industry is set to grow 12% annually until 2019 at the very least.