Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 45.73 Billion |
Market Size (2030) | USD 59.02 Billion |
CAGR (2025 - 2030) | 5.23 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Mexico Road Freight Transport Market Analysis
The Mexico Road Freight Transport Market size is estimated at 45.73 billion USD in 2025, and is expected to reach 59.02 billion USD by 2030, growing at a CAGR of 5.23% during the forecast period (2025-2030).
Mexico's road freight transport sector is experiencing unprecedented growth driven by significant infrastructure investments and nearshoring initiatives. In January 2024, Mexico's SCT announced a substantial investment of USD 12.53 billion for constructing and enhancing 8,115 km of roads throughout 2024, encompassing 51 projects focused on key federal routes. This infrastructure development plan includes the construction of 53 new roads in rural regions with an additional expenditure of USD 910 million. The government's commitment to infrastructure development is further evidenced by Mexico City's 2024 Infrastructure Program, which allocated USD 61.7 million specifically for improving 2 million square meters of road surfaces.
The cross-border trade landscape continues to evolve, with transborder freight between the U.S. and Mexico reaching USD 68.5 billion in March 2024. Trucks carried USD 48.5 billion worth of goods during this period, with electrical machinery, computers and parts, and vehicles comprising the top transported commodities. The sector's growth is supported by an expanding fleet, with cargo truck registrations rising to 11.55 million units by July 2023, reflecting the increasing demand for trucking services in Mexico. This expansion in cross-border activities has established Mexico as a crucial link in North American supply chains, highlighting the trade size from Mexico to the U.S..
The industry is witnessing a significant transformation in vehicle technology and sustainability initiatives. In June 2024, Mexico's production of heavy trucks surged by 12.7% compared to the previous year, reaching 22,050 units - the highest volume in 15 months. Companies are increasingly adopting electric vehicles, as demonstrated by Grupo Bimbo's purchase of seven electric trucks from Scania México in 2023. Additionally, Volvo Group's announcement in April 2024 to construct a new heavy-duty truck manufacturing plant in Mexico, spanning 1.7 million square feet, underscores the industry's commitment to modernization within the trucking companies in Mexico.
Investment in Mexico has surged dramatically, with over USD 31 billion committed in the first quarter of 2024, nearly matching the entire previous year's total of USD 36 billion. This investment surge has been particularly notable in logistics infrastructure, with companies like APM Terminals Lazaro Cardenas unveiling a USD 140 million expansion project in September 2023 to double its annual capacity. The Climate Pledge's partnership with Amazon and Global Optimism to introduce the Laneshift Initiative for Zero Emission Freight Vehicles in Mexico City demonstrates the industry's growing focus on sustainable transportation solutions, addressing the city's significant transportation-related greenhouse gas emissions, which currently account for 58% of total emissions. The transport sector in Mexico is poised for further growth as these initiatives take hold.
Mexico Road Freight Transport Market Trends
Mexico's transportation and storage sector growing with rise in volume of trade and future development projects
- From January to April 2024, Mexican seaports handled a record 2.95 million TEUs, an 18.2% increase YoY. The Pacific Coast ports managed most of this traffic, with a 19% increase to 2.14 million TEUs. Manzanillo and Lazaro Cardenas, the largest ports on the Pacific Coast, saw volume increases of 14.5% and 35%, respectively. This growth is expected to impact the sector's contribution to GDP positively. In August 2024, the Salina Cruz LNG JV revealed plans to build and operate a small-scale LNG bunkering and transshipment terminal in Salinas del Márquez, Salina Cruz, Oaxaca, Mexico.
- In February 2024, Amazon Web Services (AWS) announced plans to open an AWS infrastructure region in Mexico by early 2025. This new AWS Mexico (Central) Region will provide developers, startups, businesses, government, education, and nonprofits more options for running applications and serving users from data centers in Mexico, allowing them to store data locally. As part of its commitment to Latin America, AWS plans to invest over USD 5 billion in Mexico over the next 15 years. This new region is part of AWS’s ongoing efforts to offer advanced and secure cloud technologies in Mexico.
The Mexican government implemented tax subsidies to tackle inflation, resulting in a USD 4.51 billion loss in 2022
- In April 2024, Pemex directed its trading unit to stop exporting up to 436,000 barrels per day (bpd) of crude oil to focus on processing domestic oil at the new Dos Bocas refinery in Tabasco. The refinery, which began producing gasoline and diesel in Q1 2024, aims to boost domestic oil processing from 713,300 bpd in 2023 to 1.04 million bpd in 2024. Since July 1, 2024, jet fuel prices have followed the "single price" scheme announced by Pemex in June. Previously, a volume discount program allowed major buyers to lower jet fuel costs through bulk purchases.
- Mexico has been working for 6 years to boost its refinery output and decrease reliance on US oil imports. Progress is evident as Pemex's domestic refineries processed over 1 million bpd of crude in March 2024, the highest in almost 8 years. This increase has led to a 32% rise in gasoline and diesel production and a 25% YoY drop in imports. The surge in refinery output has reduced Mexican crude exports by around 500,000 bpd. Although the government initially stated no significant export cuts, declining shipments and the potential start of the long-delayed 340,000 bpd Olmeca refinery by 2025 could reshape global oil flows.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The state of Hidalgo emerged as the leading performer in retail growth across Mexico, despite nationwide declines
- The e-commerce sector in Mexico is expected to grow at a CAGR of 12.93% from 2023 to 2027
- Mexico government invested USD 394 million in boosting its logistic capabilities in 2023
- Fresh produce exports to the United States are expected to exceed USD 53 billion by 2030
- The rise in fuel prices and a shortage of 56,000 drivers are impacting overall trucking operational costs
- Mexican truck manufacturers exported 166,878 vehicles in 2022, witnessing YoY growth of 18%
- Strong increase in basic supplies prices coupled with government subsidies impacted trucking industry pricing
- Mexico's inflation is impacted by the government's changes in taxes and tariffs
- Mexico stands out as a major agricultural sector in Latin America, leading in vegetable production
- Nearshoring is boosting the growth of the manufacturing industry in the country
- Multiple upcoming road projects, coupled with highway constructions, are expected to significantly accelerate market growth in the country
- Mexico's natural gas imports are expected to double by 2030 due to rising demand
- Mexico is the leading global exporter of tractor trucks, 95.1% of which are destined for the United States
- Increasing manufacturing output along with rising demand from nearshoring are boosting road freight tonnage in Mexico
- US-Mexico trade growth bolstered by nearshoring is expected to support road, rail and sea mode of transport
Segment Analysis: End User Industry
Manufacturing Segment in Mexico Road Freight Transport Market
The manufacturing segment dominates the Mexico road freight transport market, accounting for approximately 50% of the total market share in 2024. This dominance is primarily driven by Mexico's position as a global manufacturing hub, benefiting from its strategic location and robust transportation infrastructure. The segment has seen significant growth due to increased nearshoring activities, with substantial investments flowing into Mexico during early 2024. Major manufacturing sectors contributing to this growth include the automotive, electronics, and consumer goods industries. The segment's strength is further evidenced by Mexico's status as the world's fifth-largest manufacturer of heavy-duty vehicles, with production reaching record levels in recent months. Additionally, the establishment of new manufacturing facilities by international companies and the expansion of existing operations continue to drive demand for road freight services in this segment.

Manufacturing Segment in Mexico Road Freight Transport Market
The manufacturing segment is also projected to be the fastest-growing segment in the market, with an expected growth rate of approximately 7% during 2024-2029. This growth is being fueled by several factors, including the ongoing shift of manufacturing operations from Asia to Mexico, particularly in the automotive and electronics sectors. The segment's expansion is supported by significant investments in new manufacturing facilities, such as Tesla's USD 5 billion assembly plant near Monterrey and various other manufacturing projects across the country. The growth is further accelerated by the implementation of the United States-Mexico-Canada Agreement (USMCA) and Mexico's strategic position as a nearshoring destination for North American markets. The segment is also benefiting from technological advancements in manufacturing processes and the increasing adoption of electric vehicle production facilities.
Remaining Segments in End User Industry
The other significant segments in the market include wholesale and retail trade, construction, oil and gas/mining, and agriculture/fishing/forestry. The wholesale and retail trade segment has shown substantial growth driven by the booming e-commerce sector and changing consumer behaviors. The construction segment maintains steady growth through ongoing infrastructure development projects and government initiatives. The oil and gas/mining segment continues to contribute through specialized transportation requirements for equipment and materials. The agriculture, fishing, and forestry segment plays a vital role in transporting agricultural products both domestically and internationally, particularly benefiting from increased agricultural trade with the United States. Each of these segments contributes uniquely to the overall market dynamics, with varying seasonal patterns and specific transportation requirements.
Segment Analysis: Destination
Domestic Segment in Mexico Road Freight Transport Market
The domestic segment dominates the Mexico road freight transport market, accounting for approximately 71% of the total market value in 2024. This significant market share is driven by several key factors, including the government's substantial investment in domestic infrastructure development. The Secretariat of Infrastructure, Communications, and Transportation (SICT) allocated USD 2.04 billion in 2023 for constructing and modernizing 220.4 km of federal roads, alongside additional investments in rural roads and technical studies. The segment's strength is further bolstered by Mexico's transition into a global manufacturing hub, attracting significant foreign direct investment. In early 2024, Mexico witnessed a surge in investment, with over USD 31 billion in commitments from January to mid-March, nearly matching the entire previous year's total. The domestic segment also benefits from the rapid growth of e-commerce, with the market expected to reach USD 61.50 billion by 2027, driving increased demand for local distribution and last-mile delivery services.
International Segment in Mexico Road Freight Transport Market
The international segment is projected to experience the highest growth rate of approximately 7% during 2024-2029, driven primarily by increasing cross-border trade activities. This growth is supported by Mexico's strategic position as a key trading partner with the United States and Canada. In March 2024, transborder freight between the U.S. and Mexico totaled USD 68.5 billion, with trucks carrying USD 48.5 billion worth of goods between the two countries. The segment's growth is further accelerated by the nearshoring trend, with companies relocating their manufacturing operations to Mexico. Major investments in cross-border infrastructure and logistics facilities, such as APM Terminals Lazaro Cardenas' USD 140 million expansion project announced in September 2023, are enhancing international freight movement capabilities. The segment is also benefiting from various free trade agreements and the United States-Mexico-Canada Agreement (USMCA), which facilitates smoother cross-border transactions and encourages international trade growth.
Segment Analysis: Truckload Specification
Full-Truck-Load (FTL) Segment in Mexico Road Freight Transport Market
The Full-Truck-Load (FTL) segment dominates the Mexico road freight transport market, commanding approximately 81% market share in 2024. This dominance is largely attributed to Mexico's position as a major manufacturing hub and its strategic location for cross-border trade with the United States. In January 2024, the head of Mexico City unveiled the 2024 Infrastructure Program, dedicating USD 1.13 billion to 21 key projects, including significant investments in road infrastructure that directly benefit FTL operations. The segment's strength is further reinforced by the surge in nearshoring activities, with Mexico receiving substantial investments in manufacturing facilities. For instance, BlueGrace Logistics opened its first Mexico logistics center in Guadalajara in February 2024, enhancing cross-border freight services, including full truckload operations. The segment continues to benefit from the increasing trade volumes between the US and Mexico, particularly in the automotive, electronics, and manufacturing sectors.
Less-than-Truck-Load (LTL) Segment in Mexico Road Freight Transport Market
The Less-than-Truck-Load (LTL) segment is projected to grow at approximately 6% annually from 2024 to 2029, emerging as the fastest-growing segment in the market. This growth is primarily driven by the booming e-commerce sector, with Mexico's e-commerce market expected to reach USD 61.50 billion by 2027. In April 2024, Saia Inc. announced an exclusive partnership between Saia LTL Freight and Fletes Mexico's less-than-truckload division, Carga Express, to support their cross-border customers between the U.S. and Mexico. The segment's growth is further supported by the increasing adoption of digital platforms and logistics solutions that optimize LTL operations. The rise in small and medium-sized businesses utilizing cross-border shipping services, coupled with the growing demand for more flexible and cost-effective shipping solutions, continues to drive the segment's expansion. Additionally, the development of new logistics hubs and distribution centers across Mexico is enhancing LTL service capabilities and efficiency.
Segment Analysis: Containerization
Non-Containerized Segment in Mexico Road Freight Transport Market
The non-containerized segment dominates the Mexico road freight transport market, accounting for approximately 84% market share in 2024. This significant market position is driven by Mexico's position as a leading exporter of trucks globally and the fourth-largest exporter of heavy vehicles. The segment's strength is further reinforced by the surge in second-hand heavy-duty vehicle imports, which saw registrations jump from 8,071 units in 2022 to 20,134 in 2023. The National Association of Producers of Buses, Trucks, and Tractors (ANPACT) forecasts sales of 57,733 units in 2024, representing a 12.6% increase from 2023. The robust performance of this segment is also supported by Mexico's extensive network of industrial parks, with 25 new facilities opened by the end of 2023, spurred by USD 35 billion in foreign direct investment.
Containerized Segment in Mexico Road Freight Transport Market
The containerized segment is projected to experience the highest growth rate of approximately 6% during 2024-2029, driven by significant developments in port infrastructure and increasing container traffic. The segment's growth is supported by major infrastructure investments such as APM Terminals Lazaro Cardenas' USD 140 million Phase II expansion project, which aims to double the port's annual capacity from 1.1 million TEUs to 2.2 million TEUs by 2026. The expansion includes a 15.7 ha extension of the yard area and an upgrade to the globally recognized Navis N4 operating system. Maritime freight rates for the Asia-Mexico route were quoted at USD 2,110 per 40-foot container in 2023, and an increase of 100,000 TEUs per week in movement to and from Mexico is expected in 2024, indicating strong growth potential for containerized road freight transport.
Segment Analysis: Distance
Long Haul Segment in Mexico Road Freight Transport Market
The Long Haul segment dominates the Mexico road freight transport market, commanding approximately 74% of the total market value in 2024. This significant market share is driven by Mexico's expanding role in cross-border trade, particularly with the United States. In January 2024, Mexico's SCT announced a substantial investment of USD 12.53 billion in constructing and enhancing 8,115 km of roads throughout 2024, encompassing 51 projects focused on key federal routes. The segment's strength is further reinforced by increasing nearshoring activities, with Mexico surpassing China as the principal trading partner of the US in 2023, recording two-way trade amounting to USD 656 billion from January through November 2023. The three main truck ports between the US and Mexico - Laredo-TX, El Paso-Ysleta-TX, and Otay Mesa-CA - continue to facilitate robust long-haul transportation activities, handling significant volumes of computers, electrical machinery, and vehicles and their parts.
Short Haul Segment in Mexico Road Freight Transport Market
The Short Haul segment in Mexico's road freight transport market is experiencing steady growth, projected to expand at approximately 5% annually from 2024 to 2029. This growth is primarily driven by the surge in e-commerce activities, with Mexico's e-commerce market revenue reaching USD 37.81 billion in 2023 and projected to rise to USD 44.82 billion by 2024. The segment is benefiting from increased last-mile delivery demands, exemplified by BlueGrace Logistics opening its first Mexico logistics center in Guadalajara in February 2024 to enhance cross-border freight services. The growth is further supported by the expansion of major e-commerce players like Mercado Libre, which announced an investment of USD 2.5 billion in Mexico in 2024, focusing on expanding warehouses and improving logistics infrastructure. The company's plan to operate over 100 logistics centers by 2025 demonstrates the increasing importance of short-haul transportation in meeting growing urban delivery demands.
Segment Analysis: Goods Configuration
Solid Goods Segment in Mexico Road Freight Transport Market
The solid goods segment dominates the Mexico road freight transport market, commanding approximately 62% market share in 2024. This significant market position is primarily driven by Mexico's robust manufacturing sector, particularly in the automotive, electronics, and consumer goods industries. The segment has been further strengthened by Mexico's emergence as a global manufacturing hub, with significant investments in electronics manufacturing attracting over USD 7.8 billion in FDI from countries like the US, South Korea, and Taiwan. Recent developments include Time Interconnect Technology Limited's USD 40 million investment in a new facility in Reynosa and ELRAD Electronics' USD 12 million investment in a manufacturing plant in Guanajuato, both contributing to increased demand for solid goods transportation. The segment's growth is also supported by rising cross-border trade, evidenced by increasing truck registrations which reached 11.55 million units by mid-2023.
Fluid Goods Segment in Mexico Road Freight Transport Market
The fluid goods segment is projected to grow at approximately 6% annually from 2024 to 2029, emerging as the fastest-growing segment in the market. This growth is primarily driven by Mexico's position as one of the world's largest oil producers, maintaining production levels of nearly 2 million barrels per day. The segment's expansion is supported by significant investments in infrastructure, including Pemex's comprehensive investment plan for 2021-2025, which encompasses 399 new exploration, extraction, and production projects across various regions. The growth is further bolstered by the implementation of stringent regulations under the Official Mexican Standards, particularly NOM-004-SCT/2008, which ensures safe transportation of hazardous liquid materials. Companies like DHL are actively contributing to this growth, as evidenced by their partnership with Liquitank Solutions to introduce innovative DHL Reefertanks, specifically designed for bulk liquid transport.
Segment Analysis: Temperature Control
Non-Temperature Controlled Segment in Mexico Road Freight Transport Market
The non-temperature controlled segment dominates the Mexico road freight transport market, accounting for approximately 94% of the total market value in 2024. This significant market share is driven by the robust manufacturing sector in Mexico, particularly in industries like automotive, electronics, and construction materials that don't require temperature-controlled transportation. The segment's growth is further supported by Mexico's position as a global manufacturing hub and increasing nearshoring activities. SEMARNAT, the Ministry of the Environment and Natural Resources, oversees the regulation of this segment through Official Mexican Standards, ensuring compliance with emission standards and vehicle specifications. The segment has witnessed substantial growth due to increased cross-border trade, with cargo truck registrations reaching 11.55 million units by mid-2023. Major companies in this segment are actively expanding their fleets and adopting new technologies to enhance operational efficiency and meet the growing demand for non-temperature controlled freight services.
Temperature Controlled Segment in Mexico Road Freight Transport Market
The temperature-controlled segment is emerging as the fastest-growing segment in the Mexico road freight transport market, with an expected growth rate of approximately 5% from 2024 to 2029. This growth is primarily driven by the expanding pharmaceutical and healthcare sectors, with the OTC pharmaceuticals market reaching USD 2.13 billion in 2024. Companies like Hutchinson Ports ICAVE, Autotransportes Del Real, and Simply Orange Mexico are leading service providers in this segment, adhering to strict quality standards under NOM-059-SSA1-2015 for temperature-sensitive goods transportation. The segment is witnessing significant technological advancement with the adoption of refrigerated electric trucks, exemplified by Grupo Lala's acquisition of 30 electric refrigerated trucks in late 2023. The growing trend towards herbal remedies and natural health supplements in Mexico's pharmaceutical market is further driving the demand for temperature-controlled transportation services. Additionally, the segment is benefiting from increasing investments in cold chain infrastructure and the rising demand for fresh produce exports to the United States.
Mexico Road Freight Transport Industry Overview
Top Companies in Mexico Road Freight Transport Market
The market is characterized by a mix of established global logistics providers and local specialists actively pursuing innovation and expansion. Companies are increasingly investing in digital platforms and automated solutions to enhance operational efficiency and provide real-time tracking capabilities. Strategic moves include significant investments in electric vehicle fleets and sustainable transportation solutions, demonstrating a commitment to environmental stewardship. Market leaders are expanding their cross-border capabilities through infrastructure development and strategic partnerships, particularly along the US-Mexico border. The industry is witnessing a strong focus on cold chain logistics development and specialized transportation services to meet evolving customer demands. Companies are also prioritizing the modernization of their fleets and establishing new distribution centers to strengthen their market presence.
Market Dominated by Diverse Player Mix
The Mexican road freight transport market exhibits a fragmented structure with a diverse mix of international logistics conglomerates and regional specialists. Global players leverage their extensive networks and technological capabilities to maintain strong positions, while local operators capitalize on their market knowledge and established relationships. The Mexican trucking companies are experiencing ongoing consolidation through strategic acquisitions, particularly in specialized segments such as cold chain logistics and e-commerce fulfillment. Companies are increasingly focusing on vertical integration to offer end-to-end logistics solutions, leading to numerous partnerships and joint ventures.
The competitive landscape is evolving with the entry of technology-driven logistics platforms and asset-light operators. Traditional players are adapting by modernizing their operations and expanding their service portfolios through strategic acquisitions. The freight transport market is witnessing increased participation from international players looking to capitalize on Mexico's growing role in global supply chains, particularly in the context of nearshoring trends. Regional players are strengthening their positions through fleet expansion and infrastructure development, while global companies are establishing local partnerships to enhance their market presence.
Innovation and Sustainability Drive Future Success
Success in the Mexican road freight transport market increasingly depends on technological innovation and sustainable operations. Companies must invest in digital transformation initiatives, including advanced tracking systems, automated warehousing solutions, and integrated logistics platforms. The ability to offer specialized services, particularly in high-growth segments such as e-commerce and cold chain logistics, will be crucial for market expansion. Operators need to focus on developing robust cross-border capabilities and establishing strategic partnerships to capture opportunities arising from nearshoring trends.
Future market leaders will need to demonstrate strong environmental credentials and operational efficiency. Companies must invest in sustainable fleet solutions, including electric and alternative fuel vehicles, while developing innovative last-mile delivery solutions for urban areas. Success will also depend on the ability to navigate regulatory changes, particularly those related to emissions standards and safety requirements. Building strong relationships with key industrial sectors and maintaining flexibility in service offerings will be essential for long-term success. Companies must also focus on developing skilled workforce capabilities and maintaining high service quality standards to retain and expand their customer base. The Mexican transport sector will play a pivotal role in shaping the future landscape of logistics in the region.
Mexico Road Freight Transport Market Leaders
-
C.H. Robinson
-
DHL Group
-
Fletes Mexico
-
Traxion
-
Werner Enterprises Inc.
- *Disclaimer: Major Players sorted in no particular order
Mexico Road Freight Transport Market News
- September 2024: FedEx partnered with and invested in Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, to scale FedEx Fulfillment with their fully autonomous 3PL model. FedEx offered a comprehensive approach to help e-commerce and omnichannel brands make faster, smarter supply chain decisions. With more than 130 warehouse and fulfillment operations in North America and 475 million returns processed annually, FedEx Supply Chain helped brands consolidate functions, increase agility, and accelerate click-to-door speed to maximize supply chain value.
- August 2024: FedEx introduced new digital visibility products, enhancing the experience for shippers and recipients by merging digital solutions with essential data. These paid solutions catered to the rising market demand for advanced data analytics. Businesses harnessed near real-time insights and predictive analytics, refining their customers' post-purchase experience. FedEx also offered paid data integration solutions, granting third-party providers access to shipment tracking information, including the Track API, Track EDI, and new webhook subscriptions, all designed to enhance premium post-purchase tracking and supply chain visibility.
- August 2024: FedEx Express and the Department of the Treasury renewed their cooperation agreement for the fourth consecutive year as part of SMB Week (Semana PyME). This collaboration aimed to provide free export consulting and increase foreign trade, empowering Mexican small and medium businesses (SMBs) to compete on the global stage. Since 2004, through the FedEx PyMEx Membership program, the Department of the Treasury and FedEx Express have not only facilitated SMBs' access to global markets but have also significantly boosted their business through its network spanning over 220 countries and territories.
Free With This Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends among other key indicators.
Mexico Road Freight Transport Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 GDP Distribution By Economic Activity
- 4.2 GDP Growth By Economic Activity
-
4.3 Economic Performance And Profile
- 4.3.1 Trends in E-Commerce Industry
- 4.3.2 Trends in Manufacturing Industry
- 4.4 Transport And Storage Sector GDP
- 4.5 Logistics Performance
- 4.6 Length Of Roads
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Pricing Trends
- 4.10 Trucking Operational Costs
- 4.11 Trucking Fleet Size By Type
- 4.12 Major Truck Suppliers
- 4.13 Road Freight Tonnage Trends
- 4.14 Road Freight Pricing Trends
- 4.15 Modal Share
- 4.16 Inflation
- 4.17 Regulatory Framework
- 4.18 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 End User Industry
- 5.1.1 Agriculture, Fishing, and Forestry
- 5.1.2 Construction
- 5.1.3 Manufacturing
- 5.1.4 Oil and Gas, Mining and Quarrying
- 5.1.5 Wholesale and Retail Trade
- 5.1.6 Others
-
5.2 Destination
- 5.2.1 Domestic
- 5.2.2 International
-
5.3 Truckload Specification
- 5.3.1 Full-Truck-Load (FTL)
- 5.3.2 Less than-Truck-Load (LTL)
-
5.4 Containerization
- 5.4.1 Containerized
- 5.4.2 Non-Containerized
-
5.5 Distance
- 5.5.1 Long Haul
- 5.5.2 Short Haul
-
5.6 Goods Configuration
- 5.6.1 Fluid Goods
- 5.6.2 Solid Goods
-
5.7 Temperature Control
- 5.7.1 Non-Temperature Controlled
- 5.7.2 Temperature Controlled
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 A.P. Moller - Maersk
- 6.4.2 C.H. Robinson
- 6.4.3 DHL Group
- 6.4.4 Expeditors International of Washington, Inc.
- 6.4.5 FedEx
- 6.4.6 Fletes Mexico
- 6.4.7 Knight-Swift Transportation Holdings Inc.
- 6.4.8 Landstar System Inc.
- 6.4.9 Transportes Marva
- 6.4.10 Traxion
- 6.4.11 Werner Enterprises Inc.
- 6.4.12 XPO, Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
8. APPENDIX
-
8.1 Global Logistics Market Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
- 8.7 Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, MEXICO, 2023
- Figure 2:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, MEXICO, 2017-2023
- Figure 3:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, MEXICO, 2017 - 2027
- Figure 4:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, MEXICO, 2023
- Figure 5:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, MEXICO, 2017 - 2023
- Figure 6:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, MEXICO, 2023
- Figure 7:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, MEXICO, 2017 - 2023
- Figure 8:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, MEXICO, 2017 - 2023
- Figure 9:
- RANK OF LOGISTICS PERFORMANCE, RANK, MEXICO, 2010 - 2023
- Figure 10:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, MEXICO, 2023
- Figure 11:
- SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, MEXICO, 2023
- Figure 12:
- VALUE OF EXPORTS, USD, MEXICO, 2017 - 2023
- Figure 13:
- VALUE OF IMPORTS, USD, MEXICO, 2017 - 2023
- Figure 14:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, MEXICO, 2017 - 2023
- Figure 15:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, MEXICO, 2023
- Figure 16:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, MEXICO, 2023
- Figure 17:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, MEXICO, 2023
- Figure 18:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, MEXICO, 2017 - 2030
- Figure 19:
- PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, MEXICO, 2017 - 2023
- Figure 20:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, MEXICO, 2023
- Figure 21:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, MEXICO, 2023
- Figure 22:
- WHOLESALE PRICE INFLATION RATE, %, MEXICO, 2017 - 2023
- Figure 23:
- CONSUMER PRICE INFLATION RATE, %, MEXICO, 2017 - 2023
- Figure 24:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 25:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 26:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, MEXICO, 2017 - 2030
- Figure 27:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, MEXICO, 2017 - 2030
- Figure 28:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, MEXICO, 2017 - 2030
- Figure 29:
- VOLUME OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 30:
- VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 31:
- VALUE SHARE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 32:
- VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 33:
- VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 34:
- VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 35:
- VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 36:
- VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 37:
- VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 38:
- VOLUME OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 39:
- VALUE OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 40:
- VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 41:
- VOLUME OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 42:
- VALUE OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 43:
- VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 44:
- VOLUME OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 45:
- VALUE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 46:
- VALUE SHARE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2022 VS 2030
- Figure 47:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, MEXICO, 2017 - 2030
- Figure 48:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, MEXICO, 2017 - 2030
- Figure 49:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, MEXICO, 2017 - 2030
- Figure 50:
- VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 51:
- VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 52:
- VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, MEXICO, 2022 VS 2030
- Figure 53:
- VOLUME OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, TON-KM, MEXICO, 2017 - 2030
- Figure 54:
- VALUE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 55:
- VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, MEXICO, 2022 VS 2030
- Figure 56:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, MEXICO, 2017 - 2030
- Figure 57:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, MEXICO, 2017 - 2030
- Figure 58:
- VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 59:
- CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 60:
- VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 61:
- CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 62:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, MEXICO, 2017 - 2030
- Figure 63:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, MEXICO, 2017 - 2030
- Figure 64:
- VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 65:
- CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 66:
- VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 67:
- CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 68:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, MEXICO, 2017 - 2030
- Figure 69:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, MEXICO, 2017 - 2030
- Figure 70:
- VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 71:
- CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 72:
- VALUE OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 73:
- CAGR OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 74:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, MEXICO, 2017 - 2030
- Figure 75:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, MEXICO, 2017 - 2030
- Figure 76:
- VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 77:
- CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 78:
- VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 79:
- CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 80:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, MEXICO, 2017 - 2030
- Figure 81:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, MEXICO, 2017 - 2030
- Figure 82:
- VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 83:
- CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 84:
- VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, MEXICO, 2017 - 2030
- Figure 85:
- CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, MEXICO, 2017 - 2030
- Figure 86:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MEXICO, 2017 - 2023
- Figure 87:
- MOST ADOPTED STRATEGIES, COUNT, MEXICO, 2017 - 2023
- Figure 88:
- VALUE SHARE OF MAJOR PLAYERS, %, MEXICO
Mexico 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. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.End User Industry | Agriculture, Fishing, and Forestry |
Construction | |
Manufacturing | |
Oil and Gas, Mining and Quarrying | |
Wholesale and Retail Trade | |
Others | |
Destination | Domestic |
International | |
Truckload Specification | Full-Truck-Load (FTL) |
Less than-Truck-Load (LTL) | |
Containerization | Containerized |
Non-Containerized | |
Distance | Long Haul |
Short Haul | |
Goods Configuration | Fluid Goods |
Solid Goods | |
Temperature Control | Non-Temperature Controlled |
Temperature Controlled |
Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. 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, across the value chain, 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, on road freight transport service. 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.
- Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- 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.
- Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
- 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.
- Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- 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.
- 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.
- Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- 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, on road freight transport service. 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.
- 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, on road freight transport service. 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), on road freight transport service. 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.
- 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.
- Road 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), road freight transport market demand and hence the road freight transport market size.
- Road 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.
- Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
- Road Length - 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), have been analysed and presented in this industry trend.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport 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.
- Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
- 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, and hence road freight transport market size. Therefore, 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).
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. 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 |
---|---|
Cabotage | Road transport by a motor vehicle registered in a country performed on the national territory of another country. |
Cross Docking | Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock. |
Cross Trade | International road transport between two different countries performed by a road motor 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. |
Dangerous Goods | The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances 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. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer. |
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). |
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. |
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. |
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. |
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. |
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. |
Reverse Logistics | Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain. |
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. |
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. |
Transport for hire or reward | The carriage for remuneration of goods. |
Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
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 considered to be a part of the pricing, and the average selling price (ASP) is varying 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