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United States Less than-Truck-Load (LTL) Market Size

The United States Less than-Truck-Load (LTL) market is projected to experience growth driven by various factors, including the expansion of the e-commerce sector and increased demand during peak agricultural seasons. The market's expansion is supported by rising internet penetration and improved smartphone accessibility, which enhance consumer access to online services. Additionally, the agriculture, fishing, and forestry segments are witnessing growth due to heightened transportation needs for agricultural products, bolstered by trade agreements that facilitate market access. The manufacturing sector is also anticipated to contribute to the market's growth, influenced by advancements in Industry 4.0 technologies.

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Market Size of united states less than-truck-load (ltl) Industry

United States Less than-Truck-Load (LTL) Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 109.12 Billion
svg icon Market Size (2030) USD 139.63 Billion
svg icon Largest Share by End User Industry Wholesale and Retail Trade
svg icon CAGR (2024 - 2030) 4.19 %
svg icon Fastest Growing by End User Industry Wholesale and Retail Trade
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 Less than-Truck-Load (LTL) Market Analysis

The United States Less than-Truck-Load (LTL) Market size is estimated at 109.12 billion USD in 2024, and is expected to reach 139.63 billion USD by 2030, growing at a CAGR of 4.19% during the forecast period (2024-2030).

109.12 Billion

Market Size in 2024 (USD)

139.63 Billion

Market Size in 2030 (USD)

3.24 %

CAGR (2017-2023)

4.19 %

CAGR (2024-2030)

Largest Market by Destination

76.96 %

value share, Domestic, 2023

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The domestic segment dominates the market, supported by the growth of e-commerce in the country. Domestic e-commerce held a share of more than 95% in 2022 in the United States.

Largest Market by End User Industry

34.62 %

value share, Wholesale and Retail Trade, 2023

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The wholesale and retail trade segment experienced notable growth in 2022, with total retail sales for the year showing a substantial increase of 9.20% compared to 2021.

Fastest Growing Market by End User Industry

5.29 %

Projected CAGR, Wholesale and Retail Trade, 2024-2030

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The segment is expected to grow in the coming years, supported by the growth in e-commerce. The number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.

Fastest Growing Market by Destination

4.33 %

Projected CAGR, International, 2024-2030

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In 2022, cross-border road freight contributed to the growth of the international segment. For instance, computers/parts worth USD 5.3 billion were traded by trucks from the United States to Canada in December 2022.

First Leading Market Player

9.41 %

market share, FedEx, 2022

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FedEx offers LTL road transportation services under the FedEx Freight segment. FedEx Freight has a fleet of more than 30,000 vehicles and a network of around 400 service centers.

US manufacturing sector poised to exceed USD 14.1 Billion by 2030 driven by surge in export demand

  • The e-commerce sector in the US witnessed growth in 2022, with an increase of 7.87% YoY. The growth in e-commerce drove the growth of the LTL market. Consumers' exposure to online services is increasing rapidly because of increasing internet penetration and drastically improved smartphone accessibility. Moreover, the total retail sales (including e-commerce and retail sales) in the United States are projected to amount to USD 7.9 trillion in 2026, up from around USD 6.6 trillion in 2021. In addition, the number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
  • During peak harvest seasons, the demand for less-than-truckload (LTL) services in agriculture increases due to a significant rise in transportation needs for agricultural products. The agriculture, fishing, and forestry sub-segment of the LTL market experienced notable growth in 2021, with agriculture and food exports showing a YoY increase of 6.41% and 18.59% in value during 2020 and 2021, respectively. This growth was driven by new agreements, such as the United States-Mexico-Canada Agreement (USMCA), which expanded market access and reduced trade restrictions for American agricultural products in key export destinations.
  • The manufacturing end-user segment is expected to grow in the coming years as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. The industrial environment in the United States is forecasted to change as Industry 4.0 technologies, like artificial intelligence (AI), robotics, automation, and the Industrial Internet of Things (IIoT), will be used more widely. Traditional manufacturing is also expected to experience a systemic change in the future.
United States Less than-Truck-Load (LTL) Market

United States Less than-Truck-Load (LTL) 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.

  • The e-commerce sector in the US witnessed growth in 2022, with an increase of 7.87% YoY. The growth in e-commerce drove the growth of the LTL market. Consumers' exposure to online services is increasing rapidly because of increasing internet penetration and drastically improved smartphone accessibility. Moreover, the total retail sales (including e-commerce and retail sales) in the United States are projected to amount to USD 7.9 trillion in 2026, up from around USD 6.6 trillion in 2021. In addition, the number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
  • During peak harvest seasons, the demand for less-than-truckload (LTL) services in agriculture increases due to a significant rise in transportation needs for agricultural products. The agriculture, fishing, and forestry sub-segment of the LTL market experienced notable growth in 2021, with agriculture and food exports showing a YoY increase of 6.41% and 18.59% in value during 2020 and 2021, respectively. This growth was driven by new agreements, such as the United States-Mexico-Canada Agreement (USMCA), which expanded market access and reduced trade restrictions for American agricultural products in key export destinations.
  • The manufacturing end-user segment is expected to grow in the coming years as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. The industrial environment in the United States is forecasted to change as Industry 4.0 technologies, like artificial intelligence (AI), robotics, automation, and the Industrial Internet of Things (IIoT), will be used more widely. Traditional manufacturing is also expected to experience a systemic change in the future.
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 Less than-Truck-Load (LTL) Market Size Summary

The United States Less than-Truck-Load (LTL) market is poised for significant growth, driven by the expanding e-commerce sector and increasing demand for efficient transportation solutions. The rise in online shopping, fueled by greater internet access and smartphone usage, has been a key factor in the market's expansion. Additionally, the agricultural sector's seasonal demand for LTL services highlights the market's responsiveness to industry needs. The manufacturing sector is also expected to contribute to market growth, as advancements in Industry 4.0 technologies reshape traditional manufacturing processes. The intricate transportation infrastructure in the United States, supported by strategic government investments, plays a crucial role in facilitating the movement of goods across the nation, further bolstering the LTL market.

The LTL market in the United States is characterized by a fragmented landscape, with major players like C.H. Robinson, Dayton Freight Lines, Inc., FedEx, Old Dominion Freight Line, and XPO, Inc. holding significant market shares. These companies are leveraging technological innovations, such as AI-driven scheduling solutions, to enhance operational efficiency. The market's growth is also influenced by fluctuations in fuel prices, with diesel demand recovering rapidly post-pandemic, driven by its essential role in transportation and various industries. The ongoing developments in port infrastructure and the strategic allocation of federal funds aim to strengthen supply chains, optimize port operations, and create new job opportunities, all of which are expected to support the continued expansion of the LTL market in the coming years.

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United States Less than-Truck-Load (LTL) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 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 Destination

      1. 1.2.1 Domestic

      2. 1.2.2 International

United States Less than-Truck-Load (LTL) Market Size FAQs

The United States Less than-Truck-Load (LTL) Market size is expected to reach USD 109.12 billion in 2024 and grow at a CAGR of 4.19% to reach USD 139.63 billion by 2030.

In 2024, the United States Less than-Truck-Load (LTL) Market size is expected to reach USD 109.12 billion.

United States Less than-Truck-Load (LTL) Market Report Snapshots

United States Less than-Truck-Load (LTL) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030