Technavio has been monitoring the domestic freight market size in the US and it is expected to post an incremental growth of USD 170.10 billion, accelerating at a CAGR of 4.71% during the forecast period. C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Post DHL Group, DSV Panalpina A/S, FedEx Corp., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, Schenker AG, United Parcel Service Inc., and XPO Logistics Inc. are some of the market participants.
The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Sample Report
Domestic Freight Market In US: Key driver to boost demand
The domestic freight market in the US is driven by the growth of the e-commerce market. The growth of the e-commerce industry in the US has reduced consumer spending in physical stores and increased the time spent on online shopping. This is encouraging vendors to offer freight logistics services to e-commerce enterprises. Therefore, the rapid growth of the e-commerce industry will positively influence the growth of the domestic freight market in the US during the forecast period.
In addition, the consolidation of the logistics market leading to operational efficiency is anticipated to boost the growth of the domestic freight market in the US. However, the increasing freight costs may hamper the domestic freight market growth in the US during the forecast period.
Vendor Analysis: C.H. Robinson Worldwide Inc., CEVA Logistics AG, and Deutsche Post DHL Group are key growth contributors
The market is fragmented and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
C.H. Robinson Worldwide Inc.
C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, and All Other and Corporate. The company provides freight services in the US, such as Truckload, LTL, Ocean, Intermodal, and Chemical and Plastics Logistics.
CEVA Logistics AG
CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company provides road freight and rail freight services in the US.
Deutsche Post DHL Group
Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company provides road freight and rail freight services in the US.
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth along with pipeline analysis of upcoming developments and growth opportunities. Download the PDF Sample Report
Domestic Freight Market In the US: Key Highlights of the Report for 2021-2025
