Latest News- Road Freight Transportation Market in North America: Full truckload is expected to lead the Type segment during 2025-2029

The Road Freight Transportation Market in North America is being driven by Need to increase operational efficiency

The Road Freight Transportation Market in North America is expected to grow at a CAGR of 2.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 129.8 billion. Blockchain technology is a secure and decentralized digital ledger system, comprised of interconnected blocks, which stores encrypted data and pointers to previous blocks. In the North American road freight transportation market, this technology enhances supply chain transparency by allowing stakeholders to track products effectively throughout the logistics process. Each block records the involvement of all parties and the specific product details, creating an immutable and tamper-evident record. By increasing operational visibility and ensuring data integrity, blockchain technology bolsters efficiency and trust within the road freight transportation industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Full truckload
  • Less-than truckload
• Product Type
  • Solid goods
  • Liquid goods
• Vehicle Type
  • Light commercial
  • Heavy commercial
• Service Type
  • Third-party logistics (3PL)
  • Express and parcel services
  • Freight forwarding
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to increase operational efficiency
• Increasing cross-border trade
• Growth in e-commerce industry

However, the market also witnesses some limitations, which are as follows:

• Negative operational impact of new regulations
• High operational costs and competitive pricing
• Shortage of qualified truck drivers

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Market Scope in Road Freight Transportation Market in North America Research Report

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Research Analysis Overview

The North American road freight transportation market is experiencing significant advancements, with a focus on operational efficiency and cross-border trade. Innovations like blockchain technology, self-driven trucks, and alternative fuels are transforming the industry. Sustainability is a top priority, with reductions in CO2 emissions and nitrogen oxide a key concern for logistics players. Full Truckload and Less-Than-Truckload segments are driving growth, while rail freight remains a viable alternative. Environmental conservation remains a critical issue for airline operations and the logistics industry as a whole.

Market Research Overview

The North American road freight transportation market encompasses businesses specializing in truck, car, camper, bus, van, and motorbike transportation for goods and freight. According to Technavio, market size is determined by the consolidated revenue generated by these companies. Key growth drivers include the surge in cross-border trade, operational efficiency enhancements, and the implementation of innovative technologies such as blockchain. Additionally, the increasing demand for alternative fuels is expected to significantly impact market expansion. The global economy's long-term growth and the resulting constant increase in goods transport volumes, particularly in emerging countries, will further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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