General Freight Trucking, Local — Business Survival Rate
An estimated 34% of general freight trucking, local businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 19.3%.
Is General Freight Trucking, Local a Good Business to Start?
With a 34% five-year survival rate, general freight trucking, local has a below-average survival rate compared to the national average of ~50%. This indicates higher risk of failure — new entrants face significant competitive pressure or challenging economics.
The annual exit rate of 19.3% is elevated. If you're considering entering this industry, ensure adequate capitalization, a clear competitive advantage, and realistic timeline to profitability.
Entry vs. Exit Rates
Annual rate of new businesses opening versus existing businesses closing.
Net negative: more businesses closing than opening (-0.0 pp spread).
Job Creation & Destruction
The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 1,238,502 workers across 85,244 firms.
Want to know how much general freight trucking, local businesses actually make?
See full revenue benchmarks for General Freight Trucking, Local →Frequently Asked Questions
- What percentage of general freight trucking, local businesses fail?
- Approximately 66% of general freight trucking, local businesses fail within their first 5 years. The annual closure rate is 19.3%, with 16,550 firms closing permanently in 2023.
- Is the general freight trucking, local industry growing or shrinking?
- The general freight trucking, local industry is currently stable with a net job creation rate of +1.2% per year. New businesses are entering at 19.3% while 19.3% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.