How big is the North America Road Freight Transport Market?

The North America Road Freight Transport Market size is expected to reach USD 633.60 billion in 2024 and grow at a CAGR of 3.90% to reach USD 797.29 billion by 2030. Read More

What is the current North America Road Freight Transport Market size?

In 2024, the North America Road Freight Transport Market size is expected to reach USD 633.60 billion. Read More

Who are the key players in North America Road Freight Transport Market?

C.H. Robinson, FedEx, J.B. Hunt Transport, Inc., Landstar System Inc. and Ryder System, Inc. are the major companies operating in the North America Road Freight Transport Market. Read More

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

In the North America 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 North America Road Freight Transport Market?

In 2024, United States accounts for the largest share by country in the North America Road Freight Transport Market. Read More

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

In 2023, the North America Road Freight Transport Market size was estimated at 633.60 billion. The report covers the North America Road Freight Transport Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Road Freight Transport Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

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

North America Road Freight Transport Market Size

North America Road Freight Transport Market Summary

Icons	Lable	Value
	Study Period	2017 - 2030
	Market Size (2024)	USD 633.60 Billion
	Market Size (2030)	USD 797.29 Billion
	Largest Share by End User Industry	Manufacturing
	CAGR (2024 - 2030)	3.90 %
	Largest Share by Country	United States
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

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North America Road Freight Transport Market Analysis

The North America Road Freight Transport Market size is estimated at 633.60 billion USD in 2024, and is expected to reach 797.29 billion USD by 2030, growing at a CAGR of 3.90% during the forecast period (2024-2030).

633.60 Billion

Market Size in 2024 (USD)

797.29 Billion

Market Size in 2030 (USD)

3.05 %

CAGR (2017-2023)

3.90 %

CAGR (2024-2030)

Largest Market by Distance

72.24 %

value share, Long Haul, 2023

Long-haul trucking dominates the market, supported by increased infrastructure developments by the governments in the region that facilitated the growth of cross-border trades.

Largest Market by Goods Configuration

72.64 %

value share, Solid Goods, 2023

The solid goods segment dominates the market over the fluid goods segment in North America, as most of the goods transported within the solid goods segment contribute to the region's GDP.

Largest Market by End User Industry

32.01 %

value share, Manufacturing, 2023

In 2022, the government announced an investment of up to USD 4 million for the Yves Landry Foundation (YLF) as part of the Achieving Innovation and Manufacturing Excellence Green Initiative.

Fastest Growing Market by Truckload Specification

4.36 %

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

Several players are expanding their footprint in the LTL trucking segment. For instance, in 2023, TFI International acquired Canadian LTL carrier Siemens Transportation Group.

First Leading Market Player

2.72 %

market share, C.H. Robinson, 2022

C.H. Robinson offers a broad portfolio of services in North America. The increased volume of both LTL and FTL services helped increase the revenue of C.H. Robinson.

The US agricultural exports grew by 10.96% YoY in 2022, driving the growth of the road freight transport market

In 2022, the agriculture, fishing, and forestry segment experienced significant growth, fueled by record-breaking agricultural exports from the United States, reaching a value of USD 196.40 billion. This represented a substantial increase of 10.96% compared to the previous year (2021). In Canada, the agriculture industry also thrived in 2022, with farmers witnessing a boost in wheat, canola, barley, oats, soybean, and corn production. The rise in production was mainly attributed to improved growing conditions in Western Canada. The U.S. Department of Agriculture introduced the "America Agenda" initiative in 2023, allocating USD 188 million to safeguard vital forestlands. Through 34 projects in the Forest Legacy program, they aim to preserve over 245,000 acres of working forests across 22 states and one island territory.
In 2021, the construction segment of the road freight transport market experienced growth due to various factors. A key driver was the substantial increase of 14.50% in new residential construction activities, encompassing both single-family and multi-family segments. However, the non-residential construction industry faced a decline of 1.30% during the same period, primarily due to the adverse impacts of the COVID-19 pandemic on travel and in-office work.
The wholesale and retail trade segment is poised for remarkable growth during the forecast period, mainly fueled by the e-commerce market in North America. The e-commerce market is projected to achieve a significant CAGR of 11.25% during the period 2023-2027. Despite accounting for just 5% of the global population, North America is expected to continue playing a pivotal role in strengthening the global economy.

North America Road Freight Transport Market

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United States dominates the North American trucking market, which is expected to improve further due to investments in road infrastructure

The United States dominated the North American road freight transport market in 2022-2023. Mexico was the largest trade partner to the United States in 2022. Substantially, major road freight operations in North America take place in the United States, Mexico, and Canada. The total trans-border freight amounted to USD 125.8 billion in January 2023, registering a growth of 10% YoY. Trucks moved nearly 62% of the total freight (in value). Detroit, Port Huron, and Buffalo are the top truck ports for the freight flows between the United States and Canada, while Laredo, El Paso, and Otay Mesa are the top truck ports within Mexico.
Trucking employed 8.4 million people in industry-related jobs, with an increase of over 400,000 YoY, including 3.54 million professional truck drivers in the United States. However, there was a shortage of more than 80,000 drivers in the United States during 2022-2023, which is expected to increase to 160,000 truck drivers by 2030. Mexico and Canada also experienced shortages of drivers.
There are road infrastructure projects that may be completed in the coming years, which would further improve the trucking industry. These projects include the Gordie Howe International Bridge in Canada, which is expected to improve the transportation between the United States and Canada. In the United States, Pyramid Highway Improvement was proposed, which is forecast to be complete by 2025. The Interstate 680 Express Lane and Pavement Rehabilitation may improve the freight mobility of I-680, preserve the transportation system’s condition, and improve system performance. There is also a substantial investment in electric vehicles by major companies. All these factors are set to drive the road freight in coming years.

North America Road Freight Transport Market Trends

Transportation and storage sector soars 18.97% in 2022 due to to e-commerce and infrastructure investments

Transportation and storage in North America experienced a growth increase from 18.67% YoY in 2021 to 18.97% YoY in 2022 due to rising demand for warehouse and distribution centers for e-commerce. According to ATA, approximately 72.6% of the country's freight by weight is transported by trucks. In 2022, the US Department of Transportation unveiled the Port Infrastructure Development Program, allocating over USD 703 million for 41 projects spanning 22 states to enhance port capabilities, supply chain reliability, and job prospects.
Transportation and warehousing contributed a GDP of MXN 1.84 trillion (USD 0.094 trillion) during the third quarter of 2022, marking a 0.62% quarterly increase and a substantial 21.3% surge compared to the previous year's corresponding period. The Infrastructure, Communications, and Transport Ministry, in collaboration with the public and private sectors, committed investments totaling MXN 768 billion (USD 39.38 billion) in 2022 to enhance Mexico's road and rail infrastructure. This comprehensive effort aims to modernize railways, highways, and bridges while also addressing road safety enhancements.
In North America, the United States is the largest contributor to the GDP of the transportation and storage sector, accounting for 86% of the total North American transportation and storage sector's GDP. The United States contributes six times the combined value of Canada and Mexico. The Canadian government provided an additional CAD 1.9 billion (USD 1.46 billion) to the National Trade Corridors Fund over four years (2021-2025), which may spur investments in much-needed improvements to Canada's roads, rails, and shipping routes, build long-term resilience for the Canadian economy, and support internal trade.

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Low supply and high demand for natural gas in the United States are anticipated to increase natural gas prices

In 2021, natural gas prices declined by 14.7% YoY. However, in 2022, natural gas prices recorded a YoY growth of 34.3%, and the YoY growth of gasoline prices stood at 2.02% due to high inflation and the Russia-Ukraine War. The supply of crude oil became more constrained, and the gasoline demand increased, which raised the price even higher. The diesel refining margins in the country were expected to decline by 38% in 2024. The prices are expected to keep dropping in 2024 and average close to USD 3.70/gal.
The primary driver of high gas and diesel prices is the price of crude oil, which is now 75% higher than in 2021. For instance, in Canada, gas prices jumped by more than 50% in 2021, pushing the cost of a liter to more than USD 1.56 in many parts of the country. Similarly, many western states faced much higher gas prices in the United States because of more limited refining capacity.
There has been a rapid rise in diesel fuel prices, squeezing freight transportation companies and their customers. The impact is evident more in Mexico, where about 80% of trucks are managed by small trucking companies or owner-operators. The increase in natural gas prices in the United States will inevitably spread to Mexico's gas and power markets. However, Mexico imports 80% of its fuel from the United States. Still, gas and diesel cost less in Mexico because the Mexican government offers subsidies to the trucking industry to offset operating expenses. A weaker-than-expected supply response in the United States, combined with high natural gas demand in domestic and export markets, is expected to increase the prices further.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Regional manufacturing sector gets a boost with CHIPS and Science Act and Green Manufacturing Initiative
The e-commerce industry in North America grew by over 6.74% YoY in 2022, led by fashion and electronics sub-segments
Canada ranked 7th in the Logistics Performance Index due to a rise in investment and infrastructure development
US boosts highway investment by 55% to improve infrastructure, targeting supply chain efficiency by 2026
National Export Strategy of the US aims to boost regional commerce by strengthening small businesses
Fuel prices and driver wages, account for more than 60% of trucking operational costs share, rising the total road freight rates
GM Group, a major truck supplier in North America, aims to produce 400,000 EVs in the region by mid-2024
Growing gasoline prices and driver wages impacting road freight pricing despite government infrastructure investments
A rise in gas prices acted as a major catalyst for increased PPI and CPI in the region

Agriculture, fishing, and forestry registered the highest growth during the review period owing to rising trade under the US-Mexico-Canada Agreement (USMCA)
The shift toward Mexico from China is expected to boost manufacturing production in the coming years
Mexico government invested USD 394 million in boosting its logistic capabilities in 2023
Increasing funding for road infrastructure projects in the region facilitates significant growth
North America aims to domestically produce 25% of its Asian imports to increase regional integration
Production and sales of commercial vehicles, especially heavy trucks, are increasing in the region
Road transport infrastructure investments undertaken by regional economies along with booming trade boosting road freight volumes
Road freight transportation dominated other modes in terms of tonnage handled and reached over 19 billion tons in 2022

North America Road Freight Transport Industry Overview

The North America Road Freight Transport Market is fragmented, with the top five companies occupying 7.85%. The major players in this market are C.H. Robinson, FedEx, J.B. Hunt Transport, Inc., Landstar System Inc. and Ryder System, Inc. (sorted alphabetically).

North America Road Freight Transport Market Leaders

C.H. Robinson
FedEx
J.B. Hunt Transport, Inc.
Landstar System Inc.
Ryder System, Inc.

North America Road Freight Transport Market Concentration

Other important companies include A.P. Moller - Maersk, ArcBest®, CMA CGM Group, DHL Group, DSV A/S (De Sammensluttede Vognmænd af Air and Sea), Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line, Schneider National, Inc., United Parcel Service of America, Inc. (UPS), Werner Enterprises, XPO, Inc., Yellow Corporation.

*Disclaimer: Major Players sorted in alphabetical order.

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North America Road Freight Transport Market News

February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.
October 2023: Ryder System has entered into a definitive agreement to acquire IFS Holdings, known as Impact Fulfillment Services. The 3PL provides a range of services, including contract packaging and manufacturing, warehousing and more. The deal aims to expand Ryder’s supply chain services by adding 15 operations across nine states, involving California, Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas and Utah.
October 2023: Truck and industrial equipment maker Volvo, auto maker Renault, and shipping giant CMA CGM unveiled a joint venture that would create a company aimed at developing a new series of electric vans. The partnership would provide electric urban transportation for companies in the logistics and transportation sector seeking to decarbonize their fleets.

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.

North America 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. Logistics Performance
  1. 2.5.1. Canada
  2. 2.5.2. Mexico
  3. 2.5.3. United States
6. 2.6. Length Of Roads
7. 2.7. Export Trends
8. 2.8. Import Trends
9. 2.9. Fuel Pricing Trends
10. 2.10. Trucking Operational Costs
11. 2.11. Trucking Fleet Size By Type
12. 2.12. Major Truck Suppliers
13. 2.13. Road Freight Tonnage Trends
14. 2.14. Road Freight Pricing Trends
15. 2.15. Modal Share
16. 2.16. Inflation
17. 2.17. Regulatory Framework
18. 2.18. 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. Canada
  2. 3.8.2. Mexico
  3. 3.8.3. United States
  4. 3.8.4. Rest of North America
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. A.P. Moller - Maersk
  2. 4.4.2. ArcBest®
  3. 4.4.3. C.H. Robinson
  4. 4.4.4. CMA CGM Group
  5. 4.4.5. DHL Group
  6. 4.4.6. DSV A/S (De Sammensluttede Vognmænd af Air and Sea)
  7. 4.4.7. FedEx
  8. 4.4.8. J.B. Hunt Transport, Inc.
  9. 4.4.9. Knight-Swift Transportation Holdings Inc.
  10. 4.4.10. Landstar System Inc.
  11. 4.4.11. Old Dominion Freight Line
  12. 4.4.12. Ryder System, Inc.
  13. 4.4.13. Schneider National, Inc.
  14. 4.4.14. United Parcel Service of America, Inc. (UPS)
  15. 4.4.15. Werner Enterprises
  16. 4.4.16. XPO, Inc.
  17. 4.4.17. Yellow Corporation
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 %, NORTH AMERICA, 2022

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

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

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

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

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

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

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

Figure 9:
RANK OF LOGISTICS PERFORMANCE, RANK, CANADA, 2010 - 2023

Figure 10:
RANK OF LOGISTICS PERFORMANCE, RANK, MEXICO, 2010 - 2023

Figure 11:
RANK OF LOGISTICS PERFORMANCE, RANK, UNITED STATES, 2010 - 2023

Figure 12:
SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, NORTH AMERICA, 2022

Figure 13:
SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, NORTH AMERICA, 2022

Figure 14:
VALUE OF EXPORTS, USD, NORTH AMERICA, 2017 - 2022

Figure 15:
VALUE OF IMPORTS, USD, NORTH AMERICA, 2017 - 2022

Figure 16:
FUEL PRICE BY TYPE OF FUEL, USD/LITER, NORTH AMERICA, 2017 - 2022

Figure 17:
OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, NORTH AMERICA, 2022

Figure 18:
TRUCKING FLEET SIZE BY TYPE, SHARE %, NORTH AMERICA, 2022

Figure 19:
MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, NORTH AMERICA, 2022

Figure 20:
FREIGHT HANDLED BY ROAD TRANSPORT, TONS, NORTH AMERICA, 2016 - 2028

Figure 21:
PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2016 - 2021

Figure 22:
MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, NORTH AMERICA, 2022

Figure 23:
MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, NORTH AMERICA, 2022

Figure 24:
WHOLESALE PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022

Figure 25:
CONSUMER PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022

Figure 26:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 27:
VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 28:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 29:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2030

Figure 30:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2017 - 2030

Figure 31:
VOLUME OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 32:
VALUE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 33:
VALUE SHARE OF AGRICULTURE, FISHING, AND FORESTRY INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 34:
VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 35:
VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 36:
VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 37:
VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 38:
VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 39:
VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 40:
VOLUME OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 41:
VALUE OF OIL AND GAS, MINING AND QUARRYING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 42:
VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 43:
VOLUME OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 44:
VALUE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 45:
VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 46:
VOLUME OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 47:
VALUE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 48:
VALUE SHARE OF OTHERS INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION %, NORTH AMERICA, 2022 VS 2030

Figure 49:
VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 50:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, NORTH AMERICA, 2017 - 2030

Figure 51:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, NORTH AMERICA, 2017 - 2030

Figure 52:
VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 53:
VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 54:
VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, NORTH AMERICA, 2022 VS 2030

Figure 55:
VOLUME OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2030

Figure 56:
VALUE OF INTERNATIONAL CROSS BORDER ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 57:
VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY %, NORTH AMERICA, 2022 VS 2030

Figure 58:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, NORTH AMERICA, 2017 - 2030

Figure 59:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, NORTH AMERICA, 2017 - 2030

Figure 60:
VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 61:
CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 62:
VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 63:
CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 64:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, NORTH AMERICA, 2017 - 2030

Figure 65:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, NORTH AMERICA, 2017 - 2030

Figure 66:
VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 67:
CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 68:
VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 69:
CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 70:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, NORTH AMERICA, 2017 - 2030

Figure 71:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, NORTH AMERICA, 2017 - 2030

Figure 72:
VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 73:
CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 74:
VALUE OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 75:
CAGR OF SHORT HAUL SHORT HAUL ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 76:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, NORTH AMERICA, 2017 - 2030

Figure 77:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, NORTH AMERICA, 2017 - 2030

Figure 78:
VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 79:
CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 80:
VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 81:
CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 82:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, NORTH AMERICA, 2017 - 2030

Figure 83:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, NORTH AMERICA, 2017 - 2030

Figure 84:
VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 85:
CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 86:
VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2030

Figure 87:
CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET %, NORTH AMERICA, 2017 - 2030

Figure 88:
VALUE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030

Figure 89:
VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY COUNTRY, %, NORTH AMERICA, 2017 - 2030

Figure 90:
VALUE OF CANADA ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030

Figure 91:
CAGR OF CANADA ROAD FREIGHT TRANSPORT MARKET %, CANADA, 2017 - 2030

Figure 92:
VALUE OF MEXICO ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030

Figure 93:
CAGR OF MEXICO ROAD FREIGHT TRANSPORT MARKET %, MEXICO, 2017 - 2030

Figure 94:
VALUE OF UNITED STATES ROAD FREIGHT TRANSPORT MARKET, USD, UNITED STATES, 2017 - 2030

Figure 95:
CAGR OF UNITED STATES ROAD FREIGHT TRANSPORT MARKET %, UNITED STATES, 2017 - 2030

Figure 96:
VALUE OF REST OF NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET, USD, REST OF NORTH AMERICA, 2017 - 2030

Figure 97:
CAGR OF REST OF NORTH AMERICA ROAD FREIGHT TRANSPORT MARKET %, REST OF NORTH AMERICA, 2017 - 2030

Figure 98:
MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2017 - 2023

Figure 99:
MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2017 - 2023

Figure 100:
VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA 2022

North America 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. Canada, Mexico, United States are covered as segments by Country.

In 2022, the agriculture, fishing, and forestry segment experienced significant growth, fueled by record-breaking agricultural exports from the United States, reaching a value of USD 196.40 billion. This represented a substantial increase of 10.96% compared to the previous year (2021). In Canada, the agriculture industry also thrived in 2022, with farmers witnessing a boost in wheat, canola, barley, oats, soybean, and corn production. The rise in production was mainly attributed to improved growing conditions in Western Canada. The U.S. Department of Agriculture introduced the "America Agenda" initiative in 2023, allocating USD 188 million to safeguard vital forestlands. Through 34 projects in the Forest Legacy program, they aim to preserve over 245,000 acres of working forests across 22 states and one island territory.
In 2021, the construction segment of the road freight transport market experienced growth due to various factors. A key driver was the substantial increase of 14.50% in new residential construction activities, encompassing both single-family and multi-family segments. However, the non-residential construction industry faced a decline of 1.30% during the same period, primarily due to the adverse impacts of the COVID-19 pandemic on travel and in-office work.
The wholesale and retail trade segment is poised for remarkable growth during the forecast period, mainly fueled by the e-commerce market in North America. The e-commerce market is projected to achieve a significant CAGR of 11.25% during the period 2023-2027. Despite accounting for just 5% of the global population, North America is expected to continue playing a pivotal role in strengthening the global economy.

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
		Canada
		Mexico
		United States
		Rest of North America

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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