How big is the Nordics Road Freight Transport Market?

The Nordics Road Freight Transport Market size is expected to reach USD 29.99 billion in 2024 and grow at a CAGR of 3.65% to reach USD 37.19 billion by 2030. Read More

What is the current Nordics Road Freight Transport Market size?

In 2024, the Nordics Road Freight Transport Market size is expected to reach USD 29.99 billion. Read More

Who are the key players in Nordics Road Freight Transport Market?

DB Schenker, DFDS Logistics, DHL Group, FREJA Transport & Logistics A/S and NTG Nordic Transport Group are the major companies operating in the Nordics Road Freight Transport Market. Read More

Which segment has the biggest share in the Nordics Road Freight Transport Market?

In the Nordics Road Freight Transport Market, the Manufacturing segment accounts for the largest share by end user industry. Read More

Which country has the biggest share in the Nordics Road Freight Transport Market?

In 2024, Sweden accounts for the largest share by country in the Nordics Road Freight Transport Market. Read More

What years does this Nordics Road Freight Transport Market cover, and what was the market size in 2023?

In 2023, the Nordics Road Freight Transport Market size was estimated at 29.99 billion. The report covers the Nordics Road Freight Transport Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nordics Road Freight Transport Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

Nordics Road Freight Transport Market Size & Share Analysis - Industry Research Report

Nordics Road Freight Transport Market Size

Nordics Road Freight Transport Market Summary

Icons	Lable	Value
	Study Period	2017 - 2030
	Market Size (2024)	USD 29.99 Billion
	Market Size (2030)	USD 37.19 Billion
	Largest Share by End User Industry	Manufacturing
	CAGR (2024 - 2030)	3.65 %
	Largest Share by Country	Sweden
	Market Concentration	Low
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

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Nordics Road Freight Transport Market Analysis

The Nordics Road Freight Transport Market size is estimated at 29.99 billion USD in 2024, and is expected to reach 37.19 billion USD by 2030, growing at a CAGR of 3.65% during the forecast period (2024-2030).

29.99 Billion

Market Size in 2024 (USD)

37.19 Billion

Market Size in 2030 (USD)

2.68 %

CAGR (2017-2023)

3.65 %

CAGR (2024-2030)

Largest Market by Distance

75.69 %

value share, Long Haul, 2023

Trade growth generated significant demand for long-haul trucking in Nordics. For instance, in 2022, exports recorded a growth of 22.97% YoY, while imports recorded a growth of 8.01% YoY.

Largest Market by Goods Configuration

71.45 %

value share, Solid Goods, 2023

Solid goods dominate the market, as industries such as construction, textiles, machinery, electronics, and automobiles majorly contribute to the demand for road freight services.

Largest Market by End User Industry

31.23 %

value share, Manufacturing, 2023

The manufacturing sector is a significant contributor to the Finnish economy in the Nordics, accounting for about half of Finland's exports and almost 30% of the GDP.

Fastest Growing Market by Truckload Specification

4.09 %

Projected CAGR, Less than-Truck-Load (LTL), 2024-2030

In Denmark, SMEs account for 98.7% of all enterprises, generating significant demand for LTL trucking. The significant presence of SMEs in Nordics drives the demand for LTL trucking.

First Leading Market Player

4.89 %

market share, DB Schenker, 2022

DB Schenker is the leading market player with a network of 180 offices in the Nordics region. It also handles over 42 million shipments annually.

Sweden leads the Nordic region in mobile shopping penetration, with nearly 80% of consumers making purchases via phones

The oil and gas, mining, and quarrying sector is the major contributor to the economy of the Nordics. In 2022, the mining industry in Finland experienced robust investments, leading to an uptick in extraction activities. Keliber Technology Oy initiated preliminary measures for mining endeavors at the Syväjärvi mine. Both local and global mineral exploration efforts increased, propelled by the growing demand for metals essential to the green transition. A total of 22 companies reported extraction operations across 44 mines. Throughout the year, investments totaling EUR 304 million were channeled into initiatives aimed at extending the operational lifespan of mines, marking a slight 2% decrease compared to the previous year.
Sweden is a major contributing country in the wholesale and retail sector, with a share of more than 11% in 2022, valued at SEK 585,826 million (USD 56,099 million). In 2021, Sweden had the highest mobile shopping penetration, with nearly 80% of Swedish consumers purchasing goods via their phones.
Denmark, Finland, Norway, and Sweden were early adopters of the Internet. These countries have highly developed digital infrastructure. Online shopping is very popular in the Nordics, but research shows that there is still room for growth in the region. The e-commerce market in Nordics is expected to generate USD 55.97 billion in revenue in 2027, registering a CAGR of 8.67% from 2023 to 2027. Moreover, by 2027, the number of e-commerce users is expected to reach 21.2 million. User penetration was expected to be 38.2% in 2023, and it is anticipated to increase to 37.7% by 2027.

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Sweden leading the Nordics road freight market in terms of value

In 2022, overseas shipments of trucks increased by 6.7%. The Netherlands, Poland, and Germany were the main destinations of truck exports from Denmark, with a combined 54% share of total exports. The country has been developing efficient transport corridors, which has led to an increase in the efficiency of road freight logistics networks and systems. In Denmark, SMEs account for 98.7% of enterprises that generate a significant demand for LTL trucking. Road transport in Denmark increased by 2.1% points since 2021. At 91.3%, the percentage reached its highest value in the observed period.
Sweden has the maximum revenue contribution (2021) in the Nordics region, with around 35.23%, followed by Norway with 24.37%. Finland has the second-highest revenue share in the region due to many factors. In 2021, 3,536 trucks were registered in Finland. The brand with the most registrations was Volvo (932 trucks), followed by Scania (850 trucks). In the same year, the number of first registrations of Mercedes Benz trucks reached 750. The demand for trucks is expected to increase further during the forecast period. Norway, with 18.54% contribution, and Denmark, with 14.23% revenue contribution.
A part of the 2023-2030 investment program comprises 29 core infrastructure improvement projects, 14 improvement projects in the rest of the road network, and around 50 basic infrastructure improvement projects. In 2023, Posti, the national postal operator of Finland, introduced the first-of-its-kind electric truck, a semi-trailer truck, and aims to increase the electric truck fleet to 10. The Icelandic government announced measures to phase out all fossil fuels throughout the energy sector, including the road transport sector, by 2050.

Nordics Road Freight Transport Market Trends

Sweden dominates the GDP of the Nordic transport sector, fueled by modern logistics infrastructure

The Nordic transportation and storage sector saw a substantial YoY increase, rising from 11.57% to 19.71%, due to Nordic countries' strong rankings in the Logistic Performance Index and their excellent trade infrastructure. Among these nations, Sweden stands out as the primary contributor to the sector's GDP. Sweden's robust high-income economy has fostered a modern and technologically advanced transportation industry, with Gothenburg emerging as a prominent logistics hub, supported by the Port of Gothenburg and new logistics facilities. The Port of Gothenburg, Sweden's largest, has consistently gained a larger market share, growing from 48% to 51% in 2021 and handling 828,000 TEUs.
The growth of cold storage is driven by expanding global and European trade, as companies increasingly turn to cold storage warehouses to prolong the shelf life of their products. Sweden's logistics market is the largest in the Scandinavian region, with substantial infrastructure investments, making it a top logistics market in Europe. However, in the second quarter of 2023, Sweden's transportation sector GDP declined to SEK 41,510 million (USD 3,793.47 million), down from SEK 45,794 million (USD 4,184.97 million) in the first quarter of the same year.
The Danish government has unveiled Denmark Forward, a new plan to invest DKK 160 billion (USD 22.96 billion) in infrastructure through 2035. The plan will improve the national road and railway systems, benefiting people and businesses. In recent years, Norway's public investment in transportation has significantly increased, which could have significant economic benefits, especially since good transportation infrastructure can aid in Norway's transition away from oil-related activities.

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Owing to the impact of the Russia-Ukraine war on fuel prices globally, fuel prices in the Nordic countries are rapidly increasing

In 2021, a liter of diesel was more expensive in Sweden, from SEK 0.15 (USD 0.014) increase to SEK 19.37 (USD 1.85). The reason for the hikes was a global rise in market prices for oil, which is currently at a three-year high. Diesel was particularly affected because it is an expensive fossil fuel with more biofuels than others and due to policies aimed at protecting the environment. In 2022, the price continuously increased due to the increased demand for diesel. The Ukraine-Russia war also impacted the fuel price globally however, the government has adopted a reduced energy tax on diesel and gasoline.
The average value for gasoline in Finland from May to August 2022 was EUR 2.33 (USD 2.48), with a minimum of EUR 2.11 (USD 2.25) on August 15, 2022, and a maximum of EUR 2.54 (USD 2.71) on June 13, 2022. The average value for gasoline in Denmark from May to August 2022 was DKK 17.29 (USD 2.48), with a minimum of DKK 15.47 (USD 2.22) on August 8, 2022, and a maximum of DKK 18.97 (USD 2.72) on June 6, 2022. The average value for gasoline in Iceland from May to August 2022 was ISK 330.43 (USD 2.32), with a minimum of ISK 303.34 (USD 2.13) on May 9, 2022, and a maximum of ISK 345.71 (USD 2.43) on June 13, 2022.
The average value for gasoline in Sweden from May to August 2022 was SEK 22.06 (USD 2.11), with a minimum of SEK 19.94 (USD 1.90) on August 1, 2022, and a maximum of SEK 24.14 (USD 2.31) on June 6, 2022. The average value for gasoline in Norway from May to August 2022 was NOK 24.63 (USD 2.35), with a minimum of NOK 21.71 (USD 2.07) on April 25, 2022, and a maximum of NOK 26.93 (USD 2.57) on June 6, 2022.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Nordic countries are working toward transforming the regional economy with a focus on sustainable manufacturing
E-commerce in the region is expected to register a CAGR of 8.67% during 2023-27, supported by rising social commerce
Market growth driven by regional road projects like Sweden’s electric roads project, Finland's expansive road network, and Norway's mega highway investments
The Nordic region registered growth in imports in 2022, led by high imports of food, machinery, and transport equipment
Rising commercial vehicle registrations were witnessed in the Nordics despite the overall decline in Europe
The Norwegian government unveiled a revised National Transport Plan with a total investment of more than USD 120 billion
Norway's USD 128 billion transportation investment and Sweden's highway development initiative driving growth

The oil and gas, mining, and quarrying sector contributes the highest to economic development in the region, led by Norway
The manufacturing industry accounts for more than 50% of the exports from Nordic countries
Nordic countries registered substantial export growth in 2022, driven majorly by fuel exports
Driver shortages and fuel costs are impacting operational costs in the Nordic countries
Volvo trucks emerging as the market leader for electric trucks in 2022, with a market share of 42%
Growing focus on electric vehicle adoption, rising road infrastructure investment and reduction on fuel taxes leading to positive influence on road freight pricing
Ukraine's invasion by Russia sharply impacted Nordic PPI and CPI

Nordics Road Freight Transport Industry Overview

The Nordics Road Freight Transport Market is fragmented, with the top five companies occupying 15.47%. The major players in this market are DB Schenker, DFDS Logistics, DHL Group, FREJA Transport & Logistics A/S and NTG Nordic Transport Group (sorted alphabetically).

Nordics Road Freight Transport Market Leaders

DB Schenker
DFDS Logistics
DHL Group
FREJA Transport & Logistics A/S
NTG Nordic Transport Group

Nordics Road Freight Transport Market Concentration

Other important companies include Allcargo Logistics Ltd., Collicare Logistics AS, Danske Fragtmænd A/S, Kuehne + Nagel, Scan Global Logistics, Stena AB.

*Disclaimer: Major Players sorted in alphabetical order.

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Nordics Road Freight Transport Market News

September 2023: DB Schenker in Norway conducted a test with the electrically powered and highly innovative Volta Zero from Volta Trucks. In 2021, DB Schenker and Volta Trucks announced a partnership. The subsequent pre-order of nearly 1,500 zer-tailpipe emission Volta Zero vehicles was the largest order of medium-duty electric trucks in Europe to date. DB Schenker plans to deploy the all-electric, 16-ton Volta Zero in its European terminals to deliver goods from distribution hubs to urban areas and city centers.
September 2023: Scan Global Logistics and Alfa Laval have introduced their first electric truck, as part of their zero-emissions partnership. The truck will enable CO2 savings of 5.3 tons annually. The emission reduction will help Alfa Laval achieve its goal of becoming carbon neutral by 2030, with a target of net zero for scopes 1 and 2 and a 50% reduction for scope 3.
July 2023: NTG East AB, NTG Cargorange AB, NTG Continent AB, and NTG Solution AB have decided to join forces and merge. The combined company will change its name to NTG Road AB. The aim is to consolidate services and processes into a convenient one-stop-shop for road freight services to and from Sweden.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends among other key indicators.

Nordics Road Freight Transport Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. GDP Distribution By Economic Activity
2. 2.2. GDP Growth By Economic Activity
3. 2.3. Economic Performance And Profile
  1. 2.3.1. Trends in E-Commerce Industry
  2. 2.3.2. Trends in Manufacturing Industry
4. 2.4. Transport And Storage Sector GDP
5. 2.5. Length Of Roads
6. 2.6. Export Trends
7. 2.7. Import Trends
8. 2.8. Fuel Pricing Trends
9. 2.9. Trucking Operational Costs
10. 2.10. Trucking Fleet Size By Type
11. 2.11. Major Truck Suppliers
12. 2.12. Road Freight Tonnage Trends
13. 2.13. Road Freight Pricing Trends
14. 2.14. Modal Share
15. 2.15. Inflation
16. 2.16. Regulatory Framework
17. 2.17. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
1. 3.1. End User Industry
  1. 3.1.1. Agriculture, Fishing, and Forestry
  2. 3.1.2. Construction
  3. 3.1.3. Manufacturing
  4. 3.1.4. Oil and Gas, Mining and Quarrying
  5. 3.1.5. Wholesale and Retail Trade
  6. 3.1.6. Others
2. 3.2. Destination
  1. 3.2.1. Domestic
  2. 3.2.2. International
3. 3.3. Truckload Specification
  1. 3.3.1. Full-Truck-Load (FTL)
  2. 3.3.2. Less than-Truck-Load (LTL)
4. 3.4. Containerization
  1. 3.4.1. Containerized
  2. 3.4.2. Non-Containerized
5. 3.5. Distance
  1. 3.5.1. Long Haul
  2. 3.5.2. Short Haul
6. 3.6. Goods Configuration
  1. 3.6.1. Fluid Goods
  2. 3.6.2. Solid Goods
7. 3.7. Temperature Control
  1. 3.7.1. Non-Temperature Controlled
  2. 3.7.2. Temperature Controlled
8. 3.8. Country
  1. 3.8.1. Denmark
  2. 3.8.2. Finland
  3. 3.8.3. Iceland
  4. 3.8.4. Norway
  5. 3.8.5. Sweden
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. Allcargo Logistics Ltd.
  2. 4.4.2. Collicare Logistics AS
  3. 4.4.3. Danske Fragtmænd A/S
  4. 4.4.4. DB Schenker
  5. 4.4.5. DFDS Logistics
  6. 4.4.6. DHL Group
  7. 4.4.7. FREJA Transport & Logistics A/S
  8. 4.4.8. Kuehne + Nagel
  9. 4.4.9. NTG Nordic Transport Group
  10. 4.4.10. Scan Global Logistics
  11. 4.4.11. Stena AB
5. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
6. APPENDIX
1. 6.1. Global Logistics Market Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter’s Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms
7. 6.7. Currency Exchange Rate

List of Tables & Figures

Figure 1:
DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, NORDICS, 2022

Figure 2:
GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, NORDICS, 2017 – 2022

Figure 3:
GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, NORDICS, 2017 - 2027

Figure 4:
SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, NORDICS, 2022

Figure 5:
GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, NORDICS, 2017 - 2022

Figure 6:
SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, NORDICS, 2022

Figure 7:
VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, NORDICS, 2017 – 2022

Figure 8:
TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, NORDICS, 2017-2022

Figure 9:
SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, NORDICS, 2022

Figure 10:
SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, NORDICS, 2022

Figure 11:
VALUE OF EXPORTS, USD, NORDICS, 2017 - 2022

Figure 12:
VALUE OF IMPORTS, USD, NORDICS, 2017 - 2022

Figure 13:
FUEL PRICE BY TYPE OF FUEL, USD/LITER, NORDICS, 2017 - 2022

Figure 14:
OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, NORDICS, 2022

Figure 15:
TRUCKING FLEET SIZE BY TYPE, SHARE %, NORDICS, 2022

Figure 16:
MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, NORDICS, 2022

Figure 17:
FREIGHT HANDLED BY ROAD TRANSPORT, TONS, NORDICS, 2016 - 2028

Figure 18:
PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORDICS, 2016 - 2021

Figure 19:
MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, NORDICS, 2022

Figure 20:
MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, NORDICS, 2022

Figure 21:
WHOLESALE PRICE INFLATION RATE, %, NORDICS, 2017 - 2022

Figure 22:
CONSUMER PRICE INFLATION RATE, %, NORDICS, 2017 - 2022

Figure 23:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 24:
VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 25:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, NORDICS, 2017 - 2030

Figure 26:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, NORDICS, 2017 - 2030

Figure 27:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORDICS, 2017 - 2030

Figure 28:
VOLUME OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 29:
VALUE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 30:
VALUE SHARE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 31:
VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 32:
VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 33:
VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 34:
VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 35:
VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 36:
VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 37:
VOLUME OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 38:
VALUE OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 39:
VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 40:
VOLUME OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 41:
VALUE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 42:
VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 43:
VOLUME OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 44:
VALUE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 45:
VALUE SHARE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORDICS, 2022 VS 2030

Figure 46:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, NORDICS, 2017 - 2030

Figure 47:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, NORDICS, 2017 - 2030

Figure 48:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, NORDICS, 2017 - 2030

Figure 49:
VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 50:
VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 51:
VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, NORDICS, 2022 VS 2030

Figure 52:
VOLUME OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORDICS, 2017 - 2030

Figure 53:
VALUE OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 54:
VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, NORDICS, 2022 VS 2030

Figure 55:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, NORDICS, 2017 - 2030

Figure 56:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, NORDICS, 2017 - 2030

Figure 57:
VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 58:
CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 59:
VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 60:
CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 61:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, NORDICS, 2017 - 2030

Figure 62:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, NORDICS, 2017 - 2030

Figure 63:
VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 64:
CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 65:
VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 66:
CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 67:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, NORDICS, 2017 - 2030

Figure 68:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, NORDICS, 2017 - 2030

Figure 69:
VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 70:
CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 71:
VALUE OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 72:
CAGR OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 73:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, NORDICS, 2017 - 2030

Figure 74:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, NORDICS, 2017 - 2030

Figure 75:
VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 76:
CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 77:
VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 78:
CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 79:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, NORDICS, 2017 - 2030

Figure 80:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, NORDICS, 2017 - 2030

Figure 81:
VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 82:
CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 83:
VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, NORDICS, 2017 - 2030

Figure 84:
CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, NORDICS, 2017 - 2030

Figure 85:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, USD, NORDICS, 2017 - 2030

Figure 86:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, %, NORDICS, 2017 - 2030

Figure 87:
VALUE OF DENMARK ROAD FREIGHT TRANSPORT MARKET, USD, DENMARK, 2017 - 2030

Figure 88:
CAGR OF DENMARK ROAD FREIGHT TRANSPORT MARKET %, DENMARK, 2017 - 2030

Figure 89:
VALUE OF FINLAND ROAD FREIGHT TRANSPORT MARKET, USD, FINLAND, 2017 - 2030

Figure 90:
CAGR OF FINLAND ROAD FREIGHT TRANSPORT MARKET %, FINLAND, 2017 - 2030

Figure 91:
VALUE OF ICELAND ROAD FREIGHT TRANSPORT MARKET, USD, ICELAND, 2017 - 2030

Figure 92:
CAGR OF ICELAND ROAD FREIGHT TRANSPORT MARKET %, ICELAND, 2017 - 2030

Figure 93:
VALUE OF NORWAY ROAD FREIGHT TRANSPORT MARKET, USD, NORWAY, 2017 - 2030

Figure 94:
CAGR OF NORWAY ROAD FREIGHT TRANSPORT MARKET %, NORWAY, 2017 - 2030

Figure 95:
VALUE OF SWEDEN ROAD FREIGHT TRANSPORT MARKET, USD, SWEDEN, 2017 - 2030

Figure 96:
CAGR OF SWEDEN ROAD FREIGHT TRANSPORT MARKET %, SWEDEN, 2017 - 2030

Figure 97:
MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORDICS, 2017 - 2023

Figure 98:
MOST ADOPTED STRATEGIES, COUNT, NORDICS, 2017 - 2023

Figure 99:
VALUE SHARE OF MAJOR PLAYERS, %, NORDICS 2022

Nordics Road Freight Transport Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control. Denmark, Finland, Iceland, Norway, Sweden are covered as segments by Country.

The oil and gas, mining, and quarrying sector is the major contributor to the economy of the Nordics. In 2022, the mining industry in Finland experienced robust investments, leading to an uptick in extraction activities. Keliber Technology Oy initiated preliminary measures for mining endeavors at the Syväjärvi mine. Both local and global mineral exploration efforts increased, propelled by the growing demand for metals essential to the green transition. A total of 22 companies reported extraction operations across 44 mines. Throughout the year, investments totaling EUR 304 million were channeled into initiatives aimed at extending the operational lifespan of mines, marking a slight 2% decrease compared to the previous year.
Sweden is a major contributing country in the wholesale and retail sector, with a share of more than 11% in 2022, valued at SEK 585,826 million (USD 56,099 million). In 2021, Sweden had the highest mobile shopping penetration, with nearly 80% of Swedish consumers purchasing goods via their phones.
Denmark, Finland, Norway, and Sweden were early adopters of the Internet. These countries have highly developed digital infrastructure. Online shopping is very popular in the Nordics, but research shows that there is still room for growth in the region. The e-commerce market in Nordics is expected to generate USD 55.97 billion in revenue in 2027, registering a CAGR of 8.67% from 2023 to 2027. Moreover, by 2027, the number of e-commerce users is expected to reach 21.2 million. User penetration was expected to be 38.2% in 2023, and it is anticipated to increase to 37.7% by 2027.

End User Industry
		Agriculture, Fishing, and Forestry
		Construction
		Manufacturing
		Oil and Gas, Mining and Quarrying
		Wholesale and Retail Trade
		Others

Destination
		Domestic
		International

Truckload Specification
		Full-Truck-Load (FTL)
		Less than-Truck-Load (LTL)

Containerization
		Containerized
		Non-Containerized

Distance
		Long Haul
		Short Haul

Goods Configuration
		Fluid Goods
		Solid Goods

Temperature Control
		Non-Temperature Controlled
		Temperature Controlled

Country
		Denmark
		Finland
		Iceland
		Norway
		Sweden

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Market Definition

Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.

Keyword	Definition
Cabotage	Road transport by a motor vehicle registered in a country performed on the national territory of another country.
Cross Docking	Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock.
Cross Trade	International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
Dangerous Goods	The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles.
Direct Shipment	Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration.
Drayage	A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer.
Dry van	A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers).
Final Demand	Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports.
Flatbed Truck	A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer.
Inbound Logistics	Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.
Intermediate Demand	Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment.
International Loaded	Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country.
International Unloaded	Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country.
OOG cargo	Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters.
Pallets	Raised platform, intended to facilitate the lifting and stacking of goods.
Part load	A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment.
Paved Road	Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone.
Reverse Logistics	Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain.
Road Freight Transport Service	Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
Tautliner vehicle	Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways.
Transport for hire or reward	The carriage for remuneration of goods.
Unpaved Road	Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms