10.9.2.3Vertical

Open Deck & Step Deck Carriers

Carriers operating step deck and removable gooseneck trailers.

Market snapshot

These figures describe Flatbed & Specialized Carriers (10.9.2), the segment that Open Deck & Step Deck Carriers sits within — not Open Deck & Step Deck Carriers on its own.

Market size
~$110B
Growth
~5.7%CAGR (2017–22, nominal)
Companies
~44,800
FragmentationFragmentedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 484220 (specialized local) + 484230 (specialized long-distance); includes flatbed, heavy-haul, and other specialized freight.

Business model & economics

Revenue model

Specialized freight rates (premium for capability)

Key economics

Recurring revenue
Moderate

recurring industrial accounts

EBITDA margin
Better than dry van; capability-driven
Capex intensity
High

Characteristics

  • Flatbed/specialized equipment for non-standard cargo.
  • Construction, industrial, and energy demand.
  • Equipment and expertise create modest barriers.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaOklahomaPennsylvaniaSouth DakotaTexasConnecticutMissouriIllinoisArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandNorth DakotaWyomingWest VirginiaNew Mexico

Flatbed and specialized trucking concentrates in energy- and resource-extraction states — North Dakota, Wyoming, West Virginia, and New Mexico — where oilfield and heavy-equipment hauling drive demand.

North DakotaWyomingWest VirginiaNew Mexico

U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 484220. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Specialized & flatbed carriers
  • PE-backed platforms
  • Industrial-logistics strategics

What’s driving deals

  • Construction/industrial-cycle demand.
  • Specialized-capability consolidation.
  • Energy-transition and project freight.

Find Open Deck & Step Deck Carriers acquisition targets

Search Acquisera’s index for companies classified under Open Deck & Step Deck Carriers (10.9.2.3) and build a targeted deal pipeline.

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