North America logistics industry is regarded as one of the major markets with extensive supply chain network across all the states of the United States, Canada, and Mexico. The logistics and transportation industry in the US is highly competitive. Domestic and international companies in this industry benefit from a highly skilled workforce and relatively low costs. The industry supports a wide range of sectors with excellent transportation and storage solutions. The wholesale and retail sector was the largest user of transportation services in 2014. Owing to the use of air, rail, truck, and water transportation services, the wholesale and retail trade sector depends heavily on in-house transportation operations. This sector also utilized a significant quantity of warehousing and other transportation services such as parcel delivery, courier, and messenger services.
The growing e-commerce sector acts as a driver for the growth of the logistics market. The US e-commerce industry was valued at USD 400 billion in 2017 and is expected to register an exponential growth rate. By 2023, the industry is expected to account for 7% of all US retail sales. The e-commerce industry has recorded robust growth, as consumers perceive that any product can be transported to any place in the least amount of time, which is made possible by logistic companies. Product manufacturing companies are willing to spend extensively on a logistics company that helps deliver products on time and with high-quality transportation standards. The e-commerce market is still in its initial phase of growth and is expected to be worth more than a trillion dollar industry soon, thus boosting the current market. Amazon spent around USD 11.5 billion on shipping costs in 2016. This is the case with most e-commerce retailers, as logistic cost account for the significant share of their operational expenditure.
The North American freight & logistics market, by roadways, accounted for USD 780.75 billion in 2017 and is expected to reach USD 912.67 billion by 2023, at a CAGR of 2.63% during the forecast period. Roadways are extensively used in the United States for freight transportation; this is mainly due to its high connectivity. About 60% of US freight is carried by trucks. The cargo transported through trucks surpass trains in the weight category due to their greater numbers. Most logistics companies in the country offer all-in-one logistics, i.e., start-to-end point services, which include shipping, as well as freight forwarding and warehousing.
Technology plays a prime role in transport as well as storage sector, which improves the connectivity through the use of advanced systems. As the penetration of these devices in the market increases, most of the companies are adopting the technologies to gain a competitive advantage over their rivalries. Currently, businesses are making great efforts with artificial intelligence, machine-human interaction, and collaboration of logistics, while automation & robotics is a vital sector for AI and logistics. Complex logistics operations and high robotics costs formed barriers to adoption, as manufacturers have had an interest in industrial robots for only some time. Currently, the prices are declining, and robots are more comfortable and flexible to program, ensuring cost-effectiveness in repetitive and physically demanding logistic tasks.
Jun 2018: XPO Logistics, the largest provider of last-mile logistics in North America, announced the planned addition of augmented reality to its Ship XPO consumer self-service platform. Shoppers can use visualization technology prior to the delivery of heavy goods to determine the ideal placement inside the home.
Dec 2017: Americold Logistics, a provider of temperature-controlled warehousing and logistics services, opened a new addition to its Clearfield, Utah, campus. The new building adds more than 9.5 million cubic feet of temperature-controlled warehouse space, which brings the total capacity of the campus to nearly 21 million cubic feet.
XPO Logistics Inc., J B Hunt Transport Services, Deutsche Post DHL, UPS Supply Chain Solutions, C H Robinson Worldwide, Expeditors International of Washington, Ryder Supply Chain Solutions, Americold Logistics, and among others.
North America Freight and Logistics Market
Market Size in 2017
Around USD 1,684 billion
Market Size in 2023
Provided in the Full Report
Provided in the Full Report
Jun 2018: XPO Logistics announced the planned addition of augmented reality to its Ship XPO consumer self-service platform.
Dec 2017: Americold Logistics, a provider of temperature-controlled warehousing and logistics services, opened a new addition to its Clearfield, Utah, campus.
XPO Logistics Inc., J B Hunt Transport Services, Deutsche Post DHL, UPS Supply Chain Solutions, C H Robinson Worldwide
North America Freight and Logistics Market offers latest trends, growth prospects, industry competitiveness, major players, segment market share and forecast to 2023.
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1.1 Scope of the Market
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. MARKET INSIGHTS
3.1 Current Market Scenario (2017-18)
3.2 Analysis on Industry Value Chain and Cost Structure
3.3 Review and Commentary on Key Industry Metrics-Ease of Doing Business, Logistics Performance, and Competitiveness Comparison
3.4 Role of Government-Regulations and Initiatives
3.5 Brief on Technological Trends-Automation, Internet of Things (IOT), and Other Logistics Tech Insights
3.6 Insights on Freight Rates
3.7 Market Study on Courier, Express, Parcel (CEP) Industry-Analyst View
*List not Exhaustive
4. MARKET DYNAMICS (DRIVERS, RESTRAINTS, AND OPPORTUNITIES)
4.4 Porter's Five Force Analysis
5. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)- BY FUNCTION
5.1 Freight Transport
5.1.2 Shipping and Inland Water
5.2 Freight Forwarding
5.4 Value-added Services
5.5 Key Quantitative and Qualitative Insights on Other Emerging Areas Such as Cold Chain Logistics, Return Logistics, and Logistics Tech Developments
6. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST) - BY END USER
6.2 Oil & Gas and Quarrying
6.3 Agriculture, Fishing, and Forestry
6.4 Manufacturing & Automotive
6.5 Distributive Trade
6.7 Others (Pharmaceutical and F&B)
7. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST) - BY COUNTRY
7.1 United States
8. COMPETITVE LANDSCAPE
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Concentration Overview
8.3 Strategies Adopted by Major Players
9. COMPANY PROFILES (OVERVIEW, FINANCIALS**, PRODUCTS & SERVICES, RECENT DEVELOPMENTS, AND ANALYST VIEW)
9.1 XPO Logistics Inc.
9.2 J B Hunt Transport Services
9.3 Deutsche Post DHL
9.4 UPS Supply Chain Solutions
9.5 C H Robinson Worldwide
9.6 Expeditors International of Washington
9.7 Ryder Supply Chain Solutions
9.8 Americold Logistics
9.9 FedEx Corporation
9.10 Ceva Logistics
*List not Exhaustive
10. LOCAL PLAYERS IN THE MARKET-BY COUNTRY AND BY ACTIVITY
10.1Freight Transport and Freight Transport Arrangement Companies
10.2 Warehousing and Storage Companies
11. FUTURE OF THE MARKET
12.1 Statistics on Transport and Storage Sector Contribution to Economy, By Country
12.2 Insights on Capital Flows
12.3 External Trade Statistics – Export and Import, by Product and Insights on Key Trading Partners, by Country
*List not Exhaustive
**Subject to Availability on Public Domain