Market Size of united states less than-truck-load (ltl) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 109.12 Billion |
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Market Size (2030) | USD 139.63 Billion |
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Largest Share by End User Industry | Wholesale and Retail Trade |
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CAGR (2024 - 2030) | 4.19 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Less than-Truck-Load (LTL) Market Analysis
The United States Less than-Truck-Load (LTL) Market size is estimated at 109.12 billion USD in 2024, and is expected to reach 139.63 billion USD by 2030, growing at a CAGR of 4.19% during the forecast period (2024-2030).
109.12 Billion
Market Size in 2024 (USD)
139.63 Billion
Market Size in 2030 (USD)
3.24 %
CAGR (2017-2023)
4.19 %
CAGR (2024-2030)
Largest Market by Destination
76.96 %
value share, Domestic, 2023
The domestic segment dominates the market, supported by the growth of e-commerce in the country. Domestic e-commerce held a share of more than 95% in 2022 in the United States.
Largest Market by End User Industry
34.62 %
value share, Wholesale and Retail Trade, 2023
The wholesale and retail trade segment experienced notable growth in 2022, with total retail sales for the year showing a substantial increase of 9.20% compared to 2021.
Fastest Growing Market by End User Industry
5.29 %
Projected CAGR, Wholesale and Retail Trade, 2024-2030
The segment is expected to grow in the coming years, supported by the growth in e-commerce. The number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
Fastest Growing Market by Destination
4.33 %
Projected CAGR, International, 2024-2030
In 2022, cross-border road freight contributed to the growth of the international segment. For instance, computers/parts worth USD 5.3 billion were traded by trucks from the United States to Canada in December 2022.
First Leading Market Player
9.41 %
market share, FedEx, 2022
FedEx offers LTL road transportation services under the FedEx Freight segment. FedEx Freight has a fleet of more than 30,000 vehicles and a network of around 400 service centers.
US manufacturing sector poised to exceed USD 14.1 Billion by 2030 driven by surge in export demand
- The e-commerce sector in the US witnessed growth in 2022, with an increase of 7.87% YoY. The growth in e-commerce drove the growth of the LTL market. Consumers' exposure to online services is increasing rapidly because of increasing internet penetration and drastically improved smartphone accessibility. Moreover, the total retail sales (including e-commerce and retail sales) in the United States are projected to amount to USD 7.9 trillion in 2026, up from around USD 6.6 trillion in 2021. In addition, the number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
- During peak harvest seasons, the demand for less-than-truckload (LTL) services in agriculture increases due to a significant rise in transportation needs for agricultural products. The agriculture, fishing, and forestry sub-segment of the LTL market experienced notable growth in 2021, with agriculture and food exports showing a YoY increase of 6.41% and 18.59% in value during 2020 and 2021, respectively. This growth was driven by new agreements, such as the United States-Mexico-Canada Agreement (USMCA), which expanded market access and reduced trade restrictions for American agricultural products in key export destinations.
- The manufacturing end-user segment is expected to grow in the coming years as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. The industrial environment in the United States is forecasted to change as Industry 4.0 technologies, like artificial intelligence (AI), robotics, automation, and the Industrial Internet of Things (IIoT), will be used more widely. Traditional manufacturing is also expected to experience a systemic change in the future.
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Understand The Key Trends Shaping This Market
