Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 335.80 Billion |
| Market Size (2030) | USD 406.70 Billion |
| Growth Rate (2025 - 2030) | 3.90% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Japan Freight And Logistics Market Analysis by Mordor Intelligence
The Japan freight and logistics market size is estimated at USD 335.80 billion in 2025, and is expected to reach USD 406.70 billion by 2030, at a CAGR of 3.9% during the forecast period (2025-2030). Rising e-commerce order volumes, greater third-party logistics (3PL) adoption in manufacturing hubs, and new government incentives for smart-logistics platforms are widening revenue streams across transport, warehousing, and value-added services. Platform interoperability mandates under the Cabinet Office’s Society 5.0 framework are accelerating digital integration, while hydrogen fuel-cell corridor projects create pathways to decarbonize long-haul fleets and mitigate mounting driver shortages. At the same time, persistent urban warehouse land scarcity and higher road freight fuel costs intensify competition for capacity and push operators toward automation, multistory facilities, and network redesign. Cyber-risk exposure climbed sharply after high-profile ransomware attacks, prompting operators to embed zero-trust architectures and redundant data centers into supply-chain-wide digital rollouts.
Key Report Takeaways
- By logistics function, freight transport commanded a 70.92% Japan freight and logistics market share in 2024; courier, express, and parcel (CEP) services are growing at a 4.49% CAGR between 2025-2030.
- By freight transport mode, road freight retained an 80.93% revenue share in 2024, whereas air freight is forecast to expand at a 4.44% CAGR between 2025-2030.
- By end user industry, manufacturing captured 37.71% of the Japan freight and logistics market size in 2024; wholesale and retail trade is expected to post the fastest 4.18% CAGR between 2025-2030.
- By CEP segment, domestic CEP services held 64.11% revenue in 2024, while international CEP is set to advance at a 4.65% CAGR between 2025-2030, on cross-border e-commerce growth.
- By freight forwarding mode, sea and inland waterways freight forwarding controlled a 56.22% share in 2024; air freight forwarding is projected to rise at a 3.97% CAGR between 2025-2030, fueled by semiconductor export volumes.
- By warehousing and storage, non-temperature controlled facilities occupied 92.07% share in 2024; temperature controlled warehousing is increasing at a 3.75% CAGR between 2025-2030 as pharmaceutical and fresh-food fulfillment expands.
Japan Freight And Logistics Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| E-commerce parcel boom | +1.2% | Tokyo–Osaka corridor; nationwide fulfillment hubs | Short term (≤ 2 years) |
| 3PL outsourcing by manufacturers | +0.8% | Chubu and Kansai industrial belts | Medium term (2–4 years) |
| Government push for smart-logistics platforms | +0.6% | Metro pilots in all major regions | Medium term (2–4 years) |
| Autonomous-truck pilot acceleration | +0.5% | National highway network | Long term (≥ 4 years) |
| Semiconductor export surge | +0.4% | Kyushu and Tohoku clusters | Short term (≤ 2 years) |
| Hydrogen fuel-cell corridor projects | +0.3% | Tokyo, Kanagawa, Aichi, Hyogo, Fukuoka | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
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E-commerce Parcel Boom
Cross-border and domestic online retail have lifted parcel volumes to record highs, making CEP the fastest-growing logistics function segment. Domestic operators deploy automated sorters, AI route planning, and multistory depots to handle dense urban drop-offs, while international specialists streamline customs clearance to compress delivery windows. Partnerships such as Yamato Holdings and DHL’s GoGreen Plus service show convergence between sustainability goals and premium parcel offerings that appeal to carbon-conscious consumers. Temperature-controlled micro-fulfillment nodes are being added to support fresh food and pharma e-commerce, reflecting a shift from generic handling to specialized last-mile solutions. Government digital-commerce policies simplify cross-border settlement and data sharing, reducing administrative frictions for small exporters. Accelerating parcel density simultaneously stresses driver availability, thereby reinforcing incentives for autonomous sidewalk robots and eco-depot rollouts in dense cities[1]“第1回『燃料電池商用車の導入促進に関する重点地域』を選定しました,” Ministry of Economy, Trade and Industry, meti.go.jp.
3PL Outsourcing by Manufacturers
Manufacturers are redefining 3PL relationships as value-creation partnerships rather than cost-reduction contracts. New Japanese supply-chain due-diligence laws demand CO₂ traceability and regulatory proof points that most in-house logistics departments cannot maintain. Providers like Hitachi Transport System integrate AI planning suites and blockchain traceability to satisfy compliance audits, elevating technology as the new table stakes. Deal activity, typified by Mitsui’s bolt-on acquisitions in food-service logistics, signals a pivot toward vertical expertise that blends sector know-how with digital capabilities. Manufacturers gain dynamic routing, real-time visibility, and embedded sustainability scores, while 3PLs secure stickier, multiyear contracts that grow beyond physical transport into data analytics and regulatory advisory. The trend positions the Japan freight and logistics market as a critical resilience lever for globally linked production networks[2]“Logistics Efficiency Law Portal,” MLIT, mlit.go.jp.
Government Push for Smart-Logistics Platforms
The Digital Agency’s Society 5.0 strategy unifies ministries around common data standards that unlock platform interoperability across modes, terminals, and customs checkpoints. Subsidies and regulatory sandboxes lower entry barriers for IoT warehousing systems, autonomous yard vehicles, and AI dispatch engines. Toyota’s certification under METI’s GX Supply-Chain program, covering 75,000 future fuel-cell units, signals industry-wide commitment to aligning transport decarbonization with digital visibility. Operators that integrate with the Logistics Efficiency Law portal gain priority access to public testing lanes and co-funded pilot grants, strengthening first-mover advantages. Shared data lakes help balance network capacity during peak periods, mitigating empty-backhaul miles and boosting asset utilization. Over the medium term, platform standardization is expected to steer procurement decisions toward providers that meet both digital and environmental criteria.
Autonomous-Truck Pilot Acceleration (Ageing Drivers)
Japan’s median driver age now exceeds 49, prompting regulators to authorize Level 4 autonomous convoy trials on selected expressways. OEM alliances such as Isuzu–Honda run fuel-cell truck prototypes under real-traffic loads, gathering data to refine safety algorithms and hydrogen consumption metrics. DHL Supply Chain’s pilot of hydrogen trucks under the NEDO-backed Commercial Japan Partnership Technologies project marks the first multi-customer deployment at scale. The Tokyo Metropolitan Government’s “TOKYO H2” roadmap targets 10,000 fuel-cell commercial vehicles by 2035, embedding infrastructure certainty into fleet-renewal planning. Logistics operators anticipate long-haul lane autonomy first, followed by urban platoons integrating with smart-intersection signals. The convergence of autonomy and alternative fuels offers a dual solution to labor scarcity and emission mandates, positioning early adopters for lower lifetime operating costs.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Driver shortage and work-hour caps | –0.7% | Rural long-haul lanes; nationwide | Short term (≤ 2 years) |
| Escalating fuel and toll charges | –0.5% | All expressway freight corridors | Short term (≤ 2 years) |
| Urban warehouse land scarcity | –0.4% | Tokyo, Osaka, Nagoya cores | Medium term (2–4 years) |
| Cyber-risk from rapid digitalization | –0.3% | Integrated logistics platforms | Medium term (2–4 years) |
| Source: Mordor Intelligence | |||
Driver Shortage and Work-Hour Caps
Revised 2024 overtime limits capped annual hours at 960, curbing fleet productivity and adding upward wage pressure. Operators accelerate M&A to pool driver rosters, as seen in Meitetsu Transport’s February 2025 regional consolidation. Shippers accept higher spot-rate surcharges or shift non-urgent volumes to rail and coastal shipping to secure capacity. The constraint magnifies the business case for autonomous trucks and relay-hub models that cut on-road hours per driver. Government fuel-cell corridor incentives seek to make zero-emission equipment economically viable for smaller carriers, easing compliance for over-worked staff. In the interim, selective service rationalization and higher load-factor targets characterize network redesign strategies[3]"National Cargo Net Flow Survey", MLIT, mlit.go.jp.
Urban Warehouse Land Scarcity
Vacancy across Tokyo Bay submarkets remains at multi-year lows, pushing effective rents into double-digit growth territory according to CBRE data. Limited zoned land prompts developers to pivot toward multistory vertical facilities with robot-enabled mezzanines, lifting build-out costs. Operators like Logitec moved from marketplace brokerage to direct transport to maximize asset returns in tight real-estate environments. Scarcity is severe for temperature-controlled sites, complicating pharmaceutical and fresh-food e-commerce scale-ups. Some carriers are shifting cross-docking to peripheral cities and using high-speed trunk shuttles to feed urban micro-hubs overnight. Over the medium term, integrated land-use planning and brownfield redevelopment will be critical for maintaining service levels in megacity consumer zones.
Segment Analysis
By End User Industry: Manufacturing Dominance With Retail Upswing
Manufacturing accounted for 37.71% of the Japan freight and logistics market size in 2024, reflecting the country’s export-oriented automotive, electronics, and precision machinery complexes. Tight production cycles force logistics providers to invest in synchronized parts-sequencing, bonded warehousing, and vendor-managed inventory programs. Semiconductor fabs in Kyushu and Tohoku elevate demand for clean-room grade air cargo solutions, pushing forwarders to certify pallets for controlled humidity and vibration thresholds. Supply-chain resiliency mandates drive manufacturers to diversify port routings and dual-source carriers, increasing the complexity—and value—of 3PL orchestration roles inside the Japan freight and logistics market.
Wholesale and Retail Trade, though smaller, is the fastest-expanding customer group, projected at a 4.18% CAGR between 2025-2030. Omnichannel models require near-real-time stock-keeping-unit visibility across stores, dark warehouses, and online platforms, compelling logistics partners to integrate inventory APIs directly with client enterprise planning systems. Retailers are co-financing regional fulfillment centers with carriers to secure capacity during mega sale events while lowering last-mile costs through zone skipping. Micro-fulfillment robotics and AI demand forecasting reduce split-order penalties, enhancing profitability for both shippers and service providers. As the Japan freight and logistics market matures, retail players are expected to approach manufacturing levels of logistics spend, underpinning segment diversification for 3PLs.
Note: Segment shares of all individual segments available upon report purchase
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By Logistics Function: Transport Leads as CEP Gains Momentum
Freight Transport captured 70.92% of the Japan freight and logistics market share in 2024, anchored by dense industrial supply chains that rely on truck and coastal feeder services for just-in-time production cycles. The segment benefits from integrated multimodal offerings that balance cost, reliability, and carbon metrics across domestic and export flows. Although base volumes remain strong, margin pressure intensifies as diesel surcharges rise and labor costs climb. In response, leading carriers roll out AI-derived dynamic pricing and automated trans-shipment yards that elevate asset turns and support contractual service-level agreements. The Japan freight and logistics market is therefore witnessing a shift in value creation toward data-driven freight orchestration and predictive maintenance programs.
Conversely, CEP is accelerating at a 4.49% CAGR (2025-2030), supported by a structural pivot toward direct-to-consumer fulfillment and new subscription models in groceries and healthcare. Robotics-as-a-Service is scaling inside sortation hubs, allowing operators to flex capacity during seasonal peaks without owning surplus assets. Drone pilot deliveries in rural prefectures fill service gaps left by shrinking driver pools, while same-day urban cycles depend on electric cargo bikes operating from micro-depots. As parcel density further increases, asset-light network platforms partner with brick-and-mortar stores to extend parcel lockers and returns drop-off points. The competitive balance is moving from linear cost advantages to ecosystem orchestration, positioning tech-savvy players for lasting share gains in the Japan freight and logistics market.
By Courier, Express, and Parcel: Domestic Core With Cross-Border Upside
Domestic CEP commanded 64.11% of segment revenue in 2024 owing to Japan’s dense urban centers and refined addressing system. Established carriers leverage neighborhood parcel shops and locker networks to enhance first-attempt delivery success rates above 98%, a critical differentiator in high-service markets. API-based shipping label solutions integrate seamlessly with SME shopping carts, expanding carrier reach into long-tail merchant bases. Sustainable delivery pilots, including electric micro-vans and bicycle couriers, align with city decarbonization targets and consumer sentiment.
International CEP, poised for 4.65% CAGR (2025-2030) growth, benefits from simplified customs declaration portals and expanded de minimis thresholds that reduce paperwork for low-value shipments. Cross-border e-marketplaces sign volume-based contracts with integrators, anchoring predictable line-haul demand. Hybrid final-mile models outsourcing delivery to domestic partners upon arrival—lower last-mile costs while maintaining tracking visibility. Investment in bonded e-fulfillment centers near Haneda and Narita airports fosters inventory re-exports in Asia, extending Japan’s reach as a regional logistics springboard within the Japan freight and logistics market.
By Warehousing and Storage: Temperature Control Emerges as Growth Niche
Non-Temperature controlled warehouses constituted 92.07% revenue share in 2024, servicing bulk consumer goods, machinery spares, and apparel. Automation upgrades, such as goods-to-person shuttles and AI-powered yard management, raise throughput by up to 35% without expanding footprint, a necessity in land-constrained metros. Lease tenures shorten as tenants prioritize flexibility to pivot inventory between online and offline channels. Carbon-neutral building certifications gain traction, offering tax incentives and corporate branding benefits.
Temperature controlled facilities, though accounting for a smaller base, are set to grow at a 3.75% CAGR (2025-2030), riding on biologics, vaccine distribution, and fresh meal-kit services. Operators deploy robotic palletizers that function in –25°C environments and IoT sensors for 24/7 compliance logging. Energy-recovery refrigeration lowers power bills, improving the total cost of ownership. Cross-docking of refrigerated imports at coastal ports reduces inland trucking, shrinking spoilage rates and emissions. Niche providers that couple cold storage with specialized transport fleets are likely acquisition targets for larger 3PLs looking to round out portfolios within the Japan freight and logistics market.
By Freight Transport Mode: Road Holds Sway as Air Accelerates
Road freight retained an 80.93% share in 2024, supported by an extensive expressway grid and flexible pickup times favored by small shippers. Yet diesel price volatility and driver caps squeeze operating margins, pushing fleets toward fuel-cell and battery-electric trucks. Relay-hub models, where drivers swap trailers at midpoint interchanges, gain adoption to respect work-hour limits. Telematics-driven preventive maintenance programs reduce truck downtime and bolster on-time performance KPIs, reinforcing the road’s central role in the Japan freight and logistics market.
Air freight, though smaller, is expanding at a 4.44% CAGR (2025-2030), nourished by high-value semiconductor, biotech, and fashion exports that demand strict delivery windows. Kansai and Kyushu airports invest heavily in temperature-controlled cargo bays, while forwarders deploy AI capacity-forecasting to navigate belly-hold volatility in passenger flights. The Japan freight and logistics industry is seeing hybrid express products that use dedicated freighters on outbound legs and commercial capacity on inbound, optimizing cost without sacrificing transit time. e-commerce giants charter mini-freighters to maintain next-day delivery for cross-border orders, adding structural lift to air volumes through 2030.
Note: Segment shares of all individual segments available upon report purchase
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By Freight Forwarding Mode: Sea Dominance, Air Specialization
Sea and inland waterways freight forwarding controlled 56.22% of the revenue in 2024, reflecting the cost advantages of container shipping for automotive parts, commodities, and finished vehicles. Digital freight platforms provide real-time sailing schedules, rate comparisons, and automated document creation, slashing booking lead times from days to hours. Strategic alliances among shipping lines yield more consistent capacity during peak seasons, though port congestion prompts some shippers to split loads across multiple gateways to diversify risk.
Air freight forwarding is trending upward at a 3.97% CAGR (2025-2030, driven by value-dense cargoes and shorter product life cycles. Forwarders add value through embedded pharma temperature monitoring, active container rental services, and guaranteed space agreements with airlines. Multimodal forwarding—sea-air combinations via transit hubs in Singapore or Dubai—offers balance between transit time and cost, extending options for fashion and electronics clients targeting Europe. Regulatory scrutiny on carbon footprints is encouraging carbon-offset bundled services, a nascent but rising choice criterion in the Japan freight and logistics market.
Geography Analysis
The Greater Tokyo Area anchors national logistics flows as the largest consumption basin and a multimodal export gateway, driving dense last-mile demand and attracting the lion’s share of warehouse capital investment. Congestion management policies, such as nighttime delivery windows and low-emission zones, prompt carriers to adopt smaller electric trucks and dynamic routing software. Kansai—encompassing Osaka, Kyoto, and Kobe—acts as the secondary logistics pole, leveraging its port cluster and electronics manufacturing concentration to sustain multimodal freight growth. Proximity between urban areas fosters intense inter-regional shuttle services, shortening replenishment cycles across the core Tokyo–Osaka corridor.
Chubu, centered on Nagoya, is a pivotal automotive logistics hub that balances east–west flows and channels parts to domestic assembly plants and export terminals. Dedicated auto-parts rail services and synchronized sea-air offerings enhance reliability for just-in-time production. Kyushu is emerging as a semiconductor logistics nucleus following multiple fab investments; bespoke air cargo charters ferry high-value wafers to global customers, while hydrogen corridor subsidies attract early adoption of fuel-cell delivery fleets. Tohoku, historically resilient after earthquake disruptions, specializes in renewable-energy equipment logistics, supported by reinforced road and port infrastructure optimized for heavy-lift components.
Land scarcity bifurcates warehouse strategies: Tokyo maintains single-digit vacancy, pushing new builds to satellite suburbs, whereas Osaka and Nagoya exhibit tighter space for cross-docking near city cores. Multistory ramps mitigate land constraints but elevate operating costs. Secondary cities, including Fukuoka, leverage lower land prices to host regional distribution centers feeding national parcel networks. Government-identified hydrogen priority regions—Tokyo, Kanagawa, Aichi, Hyogo, and Fukuoka—enjoy subsidized refueling at roughly JPY 700/kg, encouraging fleets to anchor long-haul hydrogen lanes between these nodes. Rural zones suffer most from driver shortages; subsidized digital dispatch systems and autonomy pilots aim to maintain service continuity for aging communities.
Competitive Landscape
Domestic incumbents such as Nippon Express Holdings, Yamato Holdings, and SG Holdings maintain network density advantages and long-standing customer ties; however, the market is still fragmented. Meanwhile, global giants—DHL, UPS, FedEx, and newly enlarged DSV—deploy proprietary software stacks and worldwide connectivity to win high-value, time-critical business. Competitive edges increasingly stem from integrated visibility platforms, zero-emission fleet commitments, and compliance assurance services rather than simple price leadership. Hydrogen truck pilots by DHL Supply Chain and fleet electrification roadmaps by Yamato demonstrate strategic alignment with national net-zero targets.
M&A reshapes scale economies: DSV’s EUR 14.3 billion (USD 15.78 billion) acquisition of DB Schenker expanded air-and-sea forwarding reach and technology funding capacity, potentially recalibrating competitive dynamics in Japan’s international segments. SG Holdings’ purchase of Morrison Express broadened cross-border e-commerce routing, echoing a wider theme of regional portfolio expansion among domestic players seeking growth offshore. Niche disruptors focus on verticals—cold chain, reverse logistics, or digital brokerage—often operating asset-light to stay nimble.
Strategic alliances bridge capability gaps: OEM-carrier joint ventures enable autonomous truck testing; port operators partner with software firms for digital twin rollouts. As shippers prioritize ESG metrics, carriers are assessed on emissions reporting accuracy, propelling investment in telematics and blockchain certification. The Japan freight and logistics market therefore rewards operators that pair physical capacity with digital transparency and green credentials, fostering a race to embed carbon accounting dashboards directly into customer portals.
Japan Freight And Logistics Industry Leaders
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Nippon Express Holdings
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SG Holdings Co., Ltd.
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Yamato Transport Co., Ltd.
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Japan Post Holdings Co., Ltd.
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Kuehne+Nagel
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- August 2025: Mitsubishi HC Capital joined a low-carbon hydrogen model town trial in Chita City, Aichi Prefecture, targeting renewable hydrogen supply chains through 2029.
- April 2025: DSV completed the EUR 14.3 billion (USD 15.78 billion) acquisition of DB Schenker, creating a USD 44.1 billion (EUR 41.6 billion) revenue leader in global forwarding
- February 2025: SG Holdings acquired Taiwan-based Morrison Express to strengthen Asia-Pacific cross-border e-commerce logistics.
- January 2025: DHL Supply Chain began hydrogen-powered truck demonstration runs under a Commercial Japan Partnership Technologies and NEDO-funded project.
Japan Freight And Logistics Market Report Scope
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.
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 | ||
| 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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Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players. 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, 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. 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.
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international parcels.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- 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.
- Freight Forwarding - Freight forwarding which herein refers to the freight transportation arrangement (FTA) industry includes establishments primarily engaged in arranging & tracking transportation of freight between shippers and carriers. Logistics Service Providers (LSPs) considered are freight forwarders, NVOCCs, custom brokers and marine shipping agents. Others segment under Freight Forwarding captures the revenue earned through value added services of FTA like custom brokerage/clearance activities, preparation of freight related documentation, consolidation-deconsolidation of goods, cargo insurance & compliance, arrangement of warehousing & storage, liasing with shippers, and freight forwarding through other modes of transport viz. road and rail.
- 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), freight and logistics market demand by mode of transport segments and hence the overall freight and logistics market size.
- 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.
- Freight Transport - Freight Transport refers to the hiring of a logistics service provider (outsourced logistics) for the transport of commodities (raw materials/final/intermediate/finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international).
- Freight and Logistics - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non-temperature controlled), CEP (domestic or international courier, express and parcel) and other value-added logistics services involved in the transportation of commodities (raw materials or finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international), through one or more modes of transportation viz. road, rail, sea, air and pipelines constitute freight and logistics market.
- 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.
- 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.
- Infrastructure - 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), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- 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.
- Liner Shipping Bilateral Connectivity Index - It indicates a country pair's integration level into global liner shipping networks and plays a crucial role in determining bilateral trade, which in turn potentially contributes toward the prosperity of a country and its surrounding region. Hence the major economies connected to the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Liner Shipping Connectivity - This industry trend analyses the state of connectivity to the global shipping networks based on the status of maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices for the geography (country/ region as per scope of the report) over the review period.
- Liner Shipping Connectivity Index - It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. It is based on five components of the maritime transport sector: (1) The number of shipping lines servicing a country, (2) The size of the largest vessel used on these services (in TEUs), (3) The number of services connecting a country to the other countries, (4) The total number of vessels deployed in a country, (5) The total capacity of those vessels (in TEUs).
- 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. 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.
- Maritime Fleet Load Carrying Capacity - Maritime fleet load carrying capacity depicts the development state of an economy's maritime infrastructure & trade. It is influenced by factors like volume of production, international trade, major end user industries, maritime connectivity, environmental regulations, investments in port infrastructure development, port container cargo handling capacity etc. This industry trend represents the maritime fleet load carrying capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo, among other types alongwith the influencing factors for the geography studied (country/ region as per scope of the report), over the review period.
- 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. 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). 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.
- Other Services - Other Services segment captures revenue earned through (1) Value added services (VAS) for freight transportation by road, rail, air and sea & inland waterways, (2) VAS for marine cargo transportation (operation of terminal facilities such as harbours and piers, operation of waterway locks, navigation, pilotage and berthing activities, lighterage, salvage activities, lighthouse activities, among other miscellaneous support activities), (3) VAS for land freight transportation (operation of terminal facilities such as railway stations, stations for the handling of goods, operation of railroad infrastructure, switching and shunting, towing and road side assistance, liquefaction of gas for transportation purposes, among other miscellaneous support activities), (4) VAS for air cargo transportation (operation of terminal facilities such as airway terminals, airport and air-traffic-control activities, ground service activities on airfields, runway maintenance, inspection/ ferrying/ maintenance/ testing of aircrafts, aircraft fuelling services, among other miscellaneous support activities), (5) VAS for warehousing and storage service (operation of grain silos, general merchandise warehouses, refrigerated warehouses, storage tanks etc., storage of goods in foreign trade zones, blast freezing, crating goods for shipping, packing and preparing goods for shipping, labelling and/or imprinting the package, kit assembling and packaging services, among other miscellaneous support activities), and (6) VAS for courier, express and parcel service (pickup, sorting).
- Port Calls and Performance - The performance of ports is key to an economy's freight movement, trade, global connectivity, successful growth strategies, investment attractiveness for production & distribution systems, and thus affects GDP, employment, per capita income and industrial growth. Hence, the port perfomance parameters like median time spent by vessels in the ports; average age, size, cargo carrying capacity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented in this industry trend.
- Port Liner Shipping Connectivity Index - It reflects a port's position in the global liner shipping network, wherein a higher value of index is associated with better connectivity. Efficient and well-connected ports (1) contribute towards minimizing transport costs, linking supply chains and supporting international trade, (2) pave the way for economies of scale and development of expertise by permitting producers to better exploit possibilities in domestic as well as foreign markets. Hence the major ports of strategic importance, in the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Port Throughput - It reflects the amount of cargo or number of vessels a port handles annually. It can be related to (1) cargo tonnage, (2) container TEU, and (3) vessel calls. Port throughput in terms of total containers handled (TEU's), has been presented in the "Port Calls and Performance" industry trend.
- 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.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the freight and logistics 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.
- 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. Hence, 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).
- Warehousing and Storage - Warehousing and storage segment captures revenue earned through the operation of general merchandise, refrigerated and other types of warehousing & storage facilities. These establishments take responsibility for storing the goods and keeping them secure in lieu of charges. Value added services (VAS) they may provide are considered to be a part of the "other services" segment. Here VAS refer to a range of services, related to the distribution of a customer's goods and can include labelling, breaking bulk, inventory control & management, light assembly, order entry & fulfillment, packaging, pick & pack, price marking & ticketing and transportation arrangement.
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers. 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 |
|---|---|
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a 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. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods 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. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| 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). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage. |
| 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. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | 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. |
| 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. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| 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. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination—which, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| 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. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| 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. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| 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. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| 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. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
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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 not a part of the pricing, and the average selling price (ASP) is kept constant 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
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