Growth Factors for the Refrigerated Trucking Market
Posted On August 3, 2020
The refrigerated trucking market in the U.S. and Canada continues to grow, fueled by the need to preserve non-food and food transport for thousands of different businesses across the Northern Hemisphere. Growth in cold storage trucking positively impacts the refrigerated logistics market, and the demand for avoiding spoilage with food and pharmaceuticals will continue to grow as more end-consumer demand increases. Consumer demands create more opportunities for vendors to grow their investments, a benefit that aids both perishable food or product manufactures as well as refrigerated trucking companies.
More Than Just Food Products
It isn’t just about the food delivery needs for Canada and American companies and consumers. Time and temperature are the two most crucial factors to be considered when the transport of medicine occurs. Blood, tissue samples, reproductive material, organs, etc. require a cryogenic temperature of less than -150 degrees Celsius in order to remain viable. Even without the extreme medical demands that COVID-19 is having on the industry, refrigerated trucking companies are in much demand to deliver the advanced solutions and medicines being prepared by research laboratories, clinics, medical facilities, and pharmaceutical storage centers. In fact, medical products and needs are a primary driving force for refrigerated trucking.
Notable Growth Factors
Within the U.S. and Canada, there are several things that will contribute to the immediate growth of cold storage trucking opportunities. These include an increase in the growth of the organic food market, the use of freight optimization software, and the continual introduction and use of multi-temperature trucking. Food and beverage needs, as well as pharmaceuticals, may increase in demand but by less than a truck need. Multi-product delivery and transport are made easier when multiple temperatures can be maintained in trucks or compartment segments.
The efficiency of refrigerated transport services is expected to grow with the introduction of segmentation. More efficiency should lead to faster delivery times and hopefully, for the consumer, cheaper prices.