Market Size of united states full-truck-load (ftl) Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 431.84 Billion |
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Market Size (2030) | USD 534.86 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 3.63 % |
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Fastest Growing by End User Industry | Manufacturing |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Full Truckload Road Freight Transport Market Analysis
The United States Full-Truck-Load (FTL) Market size is estimated at 431.84 billion USD in 2024, and is expected to reach 534.86 billion USD by 2030, growing at a CAGR of 3.63% during the forecast period (2024-2030).
431.84 Billion
Market Size in 2024 (USD)
534.86 Billion
Market Size in 2030 (USD)
2.82 %
CAGR (2017-2023)
3.63 %
CAGR (2024-2030)
Largest Market by Destination
70.57 %
value share, Domestic, 2023
Oil production has been one of the major factors contributing to the domestic segment's growth. Only four states accounted for about 80% of domestic oil production in 2022.
Largest Market by End User Industry
31.67 %
value share, Manufacturing, 2023
The adoption of Industry 4.0 technologies like artificial intelligence (AI), robotics, and automation, driving the growth of the end-user industry in the US.
Fastest Growing Market by End User Industry
4.23 %
Projected CAGR, Manufacturing, 2024-2030
The segment is expected to increase in the coming years, supported by the growth in automotive manufacturing. The US automotive aftermarket is expected to grow at a CAGR of 3.08% during 2022-2026.
Fastest Growing Market by Destination
3.72 %
Projected CAGR, International, 2024-2030
Cross-border road freight by FTL trucks significantly contributes to the market's growth. For instance, vehicles/parts worth USD 4.8 billion were transported by FTL trucks between the United States and Canada in December 2022.
First Leading Market Player
2.66 %
market share, C.H. Robinson, 2022
C.H. Robinson has one of the largest truckload networks in North America, with 85,000 active contract carriers and suppliers. The company collaborated with Waymo Via for the development of autonomous trucking.
US retail sector's 3.5% CAGR to reach USD 4.7 trillion by 2025 fueled by e-commerce
- Trucks are a versatile mode of transportation, capable of carrying a wide array of goods, from valuable commodities like electronics and mixed freight to bulk materials. In contrast, rail and water transportation modes are mainly utilized for bulk products, while air transport, including truck-air transport, is preferred for high-value items like electronics and pharmaceuticals. However, trucks surpassed all other modes in transporting a higher volume of high-value and time-sensitive commodities in 2022. In 2023, approximately 128,006 thousand tons of machinery and around 4,948 thousand tons of transportation equipment were transported through full truckload services.
- The construction industry in the US is witnessing robust growth and holds a vital position in the economy, Construction activities worth USD 463 million began in January 2022, which are expected to add 8.3 miles of elevated highway in Louisiana. The latest section, Phase 2 of the project, is expected to open in 2027. The spending on roads and highways infrastructure projects is anticipated to support market growth over the coming years.
- The wholesale and retail trade segment of the full truckload market is projected to grow in the coming years as the retail industry in the United States is expected to achieve a CAGR of 3.5% by 2025, reaching a value of USD 4,767 billion. The increasing demand for truck transportation, driven by e-commerce, is further intensifying the industry's challenges with vehicle capacity and truck driver availability. Walmart's initiative to recruit truckers for its private fleet by offering them double the median pay for shorter hauls exemplifies how the rise of e-commerce has transformed the trucking industry.
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Understand The Key Trends Shaping This Market
United States Full-Truck-Load (FTL) Industry Segmentation US Full Truckload 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.
- Trucks are a versatile mode of transportation, capable of carrying a wide array of goods, from valuable commodities like electronics and mixed freight to bulk materials. In contrast, rail and water transportation modes are mainly utilized for bulk products, while air transport, including truck-air transport, is preferred for high-value items like electronics and pharmaceuticals. However, trucks surpassed all other modes in transporting a higher volume of high-value and time-sensitive commodities in 2022. In 2023, approximately 128,006 thousand tons of machinery and around 4,948 thousand tons of transportation equipment were transported through full truckload services.
- The construction industry in the US is witnessing robust growth and holds a vital position in the economy, Construction activities worth USD 463 million began in January 2022, which are expected to add 8.3 miles of elevated highway in Louisiana. The latest section, Phase 2 of the project, is expected to open in 2027. The spending on roads and highways infrastructure projects is anticipated to support market growth over the coming years.
- The wholesale and retail trade segment of the full truckload market is projected to grow in the coming years as the retail industry in the United States is expected to achieve a CAGR of 3.5% by 2025, reaching a value of USD 4,767 billion. The increasing demand for truck transportation, driven by e-commerce, is further intensifying the industry's challenges with vehicle capacity and truck driver availability. Walmart's initiative to recruit truckers for its private fleet by offering them double the median pay for shorter hauls exemplifies how the rise of e-commerce has transformed the trucking industry.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Destination | |
| Domestic | |
| International |
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United States Full-Truck-Load (FTL) Market Size Summary
The United States Full Truckload (FTL) Road Freight Transport Market is poised for significant growth, driven by its versatility in transporting a diverse range of goods, from high-value electronics to bulk materials. Unlike rail and water transportation, which are primarily used for bulk products, and air transport, which caters to high-value items, trucks have emerged as the preferred mode for high-value and time-sensitive commodities. The construction industry's robust expansion and increased spending on infrastructure projects are expected to further bolster market growth. Additionally, the wholesale and retail trade segments are anticipated to expand, fueled by the burgeoning e-commerce sector, which is reshaping the trucking industry by intensifying demand for transportation services.
The market landscape is characterized by fragmentation, with major players like C.H. Robinson, J.B. Hunt Transport, Inc., Knight-Swift Transportation Holdings Inc., Landstar System Inc., and Werner Enterprises holding a modest share. Innovations in technology, such as C.H. Robinson's new freight shipping efficiency tool, and strategic expansions, like Ryder Systems' multiclient warehouse network, are shaping the competitive dynamics. The acquisition of MNX Global Logistics by UPS highlights the industry's focus on enhancing capabilities in time-critical and temperature-controlled logistics, reflecting the growing demand in these areas. As the market evolves, these developments underscore the critical role of FTL transport in the broader transportation and logistics ecosystem in the United States.
United States Full-Truck-Load (FTL) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Destination
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1.2.1 Domestic
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1.2.2 International
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United States Full-Truck-Load (FTL) Market Size FAQs
How big is the United States Full-Truck-Load (FTL) Market?
The United States Full-Truck-Load (FTL) Market size is expected to reach USD 431.84 billion in 2024 and grow at a CAGR of 3.63% to reach USD 534.86 billion by 2030.
What is the current United States Full-Truck-Load (FTL) Market size?
In 2024, the United States Full-Truck-Load (FTL) Market size is expected to reach USD 431.84 billion.
