Market Share of United States Contract Logistics Industry
The market is fragmented, with XPO Logistics, Ryder System Inc., FedEx Supply Chain, Burris Logistics, UPS Supply Chain Solutions, KUEHNE+NAGEL, etc as its major players. Technological advancements, such as logistic automation, IoT, and the application of sensors and UAVs for detecting human-made damages on tracks, alongside AI's role in delivery and logistics, have revolutionized the industry. The market remains fragmented, featuring a diverse mix of local and international players.
In a bid to boost effectiveness, companies are joining hands. For instance, IMC Logistics, the nation's leading marine drayage provider, has entered into a strategic partnership with its long-standing client, Kuehne+Nagel. As reported by PR Newswire, Kuehne+Nagel is set to acquire a 51% stake in IMC Logistics. This collaboration aims to meet the surging demand for comprehensive cargo transportation services, facilitating movement to and from seaports, rail hubs, customer facilities, and inland locations across the United States.
United States Contract Logistics Market Leaders
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XPO Logistics
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Ryder System Inc.
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FedEx Supply Chain
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Burris Logistics
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UPS Supply Chain Solutions
*Disclaimer: Major Players sorted in no particular order
