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United States Freight and Logistics Market Size

The United States Freight and Logistics Market is projected to experience growth over the forecast period, with its market size expanding significantly. This growth is supported by substantial investments in port infrastructure and transportation networks, aimed at enhancing capacity and operational efficiency. Waterborne transportation plays a crucial role in US trade, while major airports and ports handle significant cargo volumes. The trucking industry also contributes to the market's expansion, supported by government infrastructure initiatives.

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Market Size of united states freight and logistics Industry

United States Freight and Logistics Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.33 Trillion
svg icon Market Size (2030) USD 1.67 Trillion
svg icon Largest Share by Logistics Function Freight Transport
svg icon CAGR (2024 - 2030) 3.90 %
svg icon Fastest Growing by Logistics Function Courier, Express, and Parcel (CEP)
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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United States Freight and Logistics Market Analysis

The United States Freight and Logistics Market size is estimated at 1.33 trillion USD in 2024, and is expected to reach 1.67 trillion USD by 2030, growing at a CAGR of 3.90% during the forecast period (2024-2030).

1.33 Trillion

Market Size in 2024 (USD)

1.67 Trillion

Market Size in 2030 (USD)

3.02 %

CAGR (2017-2023)

3.90 %

CAGR (2024-2030)

Fastest Growing Market by Mode of Transport

4.40 %

Projected CAGR, Air, 2024-2030

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In February 2023, the United States government announced an additional USD 1 billion in airport funding, benefiting 99 airports across the nation.

Largest CEP Market by Destination

76.49 %

value share, Domestic, 2023

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The domestic segment is witnessing growth owing to rising e-commerce trade in the country. In 2023, the e-commerce industry grew by over 14% YoY reaching USD 925 billion.

Largest Market by End User Industry

30.60 %

value share, Wholesale and Retail Trade, 2023

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The e-commerce users are expected to amount to 289.9 million users by 2027, from 264.5 million users in 2021 which is expected to drive the wholesale and retail trade segment.

Largest Warehousing Market by Temperature Control

92.38 %

value share, Non-Temperature Controlled, 2023

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The industry witnessed rise in demand due to growing e-commerce within retail landscape as e-commerce players, especially those without physical stores, heavily rely on third-party warehousing.

Fastest Growing Warehousing Market by Temperature Control

3.74 %

Projected CAGR, Temperature Controlled, 2024-2030

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The US has the largest capacity of refrigerated warehousing in the world, with 156 million cubic meters. The growth in the pharmaceutical sector is driving the demand.

The US Freight and Logistics Market is one of the most developed logistics markets globally, with advanced technological implementations in its fleet

  • In November 2023, the Port Infrastructure Development Program (PIDP), overseen by the US Department of Transportation's Maritime Administration (MARAD), allocated over USD 653 million to support 41 port enhancement initiatives nationwide. These projects, spanning coastal seaports, Great Lakes ports, and inland river ports, aim to bolster capacity and operational efficiency. Notably, waterborne transportation handles a substantial share of both domestic and international US trade, accounting for over 2.3 billion short tons.
  • Based on cargo tonnage in 2022, the top US cargo airports were Ted Stevens Anchorage International (11.55 million tons), Memphis International (11.39 million tons), Louisville Muhammad Ali International (8.02 million tons), Los Angeles International (6.77 million tons), and Miami International (5.16 million tons). In maritime trade, the Port of Los Angeles emerged as the largest US port in 2022, measured by TEUs (twenty-foot equivalent units) handled. The port processed nearly 6.8 million TEUs in 2021, up from around 6.5 million in 2019.
  • In 2022, the trucking industry employed approximately 3.54 million drivers, marking a 1.5% rise from 2021. Furthermore, the broader trucking-related job market had around 8.4 million individuals employed in 2022. Highlighting the government's commitment to infrastructure, the Bipartisan Infrastructure Law (BIL), enacted in 2021, allocated USD 350 billion for highway programs, covering activities through September 30, 2026. BIL, spanning FY 2022 to 2026, earmarks USD 550 billion for federal investments in various infrastructure domains, encompassing roads, bridges, mass transit, water systems, resilience, and broadband.
United States Freight and Logistics Market

United States Freight and Logistics 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. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.

  • In November 2023, the Port Infrastructure Development Program (PIDP), overseen by the US Department of Transportation's Maritime Administration (MARAD), allocated over USD 653 million to support 41 port enhancement initiatives nationwide. These projects, spanning coastal seaports, Great Lakes ports, and inland river ports, aim to bolster capacity and operational efficiency. Notably, waterborne transportation handles a substantial share of both domestic and international US trade, accounting for over 2.3 billion short tons.
  • Based on cargo tonnage in 2022, the top US cargo airports were Ted Stevens Anchorage International (11.55 million tons), Memphis International (11.39 million tons), Louisville Muhammad Ali International (8.02 million tons), Los Angeles International (6.77 million tons), and Miami International (5.16 million tons). In maritime trade, the Port of Los Angeles emerged as the largest US port in 2022, measured by TEUs (twenty-foot equivalent units) handled. The port processed nearly 6.8 million TEUs in 2021, up from around 6.5 million in 2019.
  • In 2022, the trucking industry employed approximately 3.54 million drivers, marking a 1.5% rise from 2021. Furthermore, the broader trucking-related job market had around 8.4 million individuals employed in 2022. Highlighting the government's commitment to infrastructure, the Bipartisan Infrastructure Law (BIL), enacted in 2021, allocated USD 350 billion for highway programs, covering activities through September 30, 2026. BIL, spanning FY 2022 to 2026, earmarks USD 550 billion for federal investments in various infrastructure domains, encompassing roads, bridges, mass transit, water systems, resilience, and broadband.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function
Courier, Express, and Parcel (CEP)
By Destination Type
Domestic
International
Freight Forwarding
By Mode Of Transport
Air
Sea and Inland Waterways
Others
Freight Transport
By Mode Of Transport
Air
Pipelines
Rail
Road
Sea and Inland Waterways
Warehousing and Storage
By Temperature Control
Non-Temperature Controlled
Temperature Controlled
Other Services
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United States Freight and Logistics Market Size Summary

The United States Freight and Logistics Market is poised for significant growth, driven by strategic infrastructure investments and advancements in technology. The market is characterized by a diverse range of transportation modes, including trucking, air freight, and maritime trade, with key players such as C.H. Robinson, FedEx, J.B. Hunt Transport, Inc., Kuehne + Nagel, and United Parcel Service of America, Inc. (UPS) leading the industry. The government's commitment to enhancing port infrastructure through initiatives like the Port Infrastructure Development Program and the Bipartisan Infrastructure Law underscores the importance of improving supply chain efficiency and capacity. These efforts are expected to bolster the market's growth trajectory, supported by the rise of e-commerce and increased demand for logistics services.

The market landscape is further shaped by technological innovations and strategic partnerships aimed at optimizing logistics operations. Companies are leveraging artificial intelligence and digital solutions to streamline processes, as seen in C.H. Robinson's new technology for freight shipping efficiency and Kuehne + Nagel's decarbonization solutions for road freight. The transportation sector's contribution to the GDP reflects its vital role in the economy, with ongoing investments in infrastructure and technology expected to drive job creation and economic expansion. As the market evolves, the focus on sustainability and efficiency will continue to be paramount, aligning with broader economic and environmental goals.

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United States Freight and Logistics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

    2. 1.2 Logistics Function

      1. 1.2.1 Courier, Express, and Parcel (CEP)

        1. 1.2.1.1 By Destination Type

          1. 1.2.1.1.1 Domestic

          2. 1.2.1.1.2 International

      2. 1.2.2 Freight Forwarding

        1. 1.2.2.1 By Mode Of Transport

          1. 1.2.2.1.1 Air

          2. 1.2.2.1.2 Sea and Inland Waterways

          3. 1.2.2.1.3 Others

      3. 1.2.3 Freight Transport

        1. 1.2.3.1 By Mode Of Transport

          1. 1.2.3.1.1 Air

          2. 1.2.3.1.2 Pipelines

          3. 1.2.3.1.3 Rail

          4. 1.2.3.1.4 Road

          5. 1.2.3.1.5 Sea and Inland Waterways

      4. 1.2.4 Warehousing and Storage

        1. 1.2.4.1 By Temperature Control

          1. 1.2.4.1.1 Non-Temperature Controlled

          2. 1.2.4.1.2 Temperature Controlled

      5. 1.2.5 Other Services

United States Freight and Logistics Market Size FAQs

The United States Freight and Logistics Market size is expected to reach USD 1325.67 billion in 2024 and grow at a CAGR of 3.90% to reach USD 1667.74 billion by 2030.

In 2024, the United States Freight and Logistics Market size is expected to reach USD 1325.67 billion.

US Freight and Logistics Market Report Snapshots

United States Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030