US Road Freight Transport Industry Overview
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Study Period: | 2016 - 2028 |
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Largest Share by End User: | Wholesale and Retail Trade |
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Fastest Growing by End User: | Oil and Gas, Mining and Quarrying |
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CAGR: | 3.82 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Road Freight Transport Market Analysis
The United States Road Freight Transport Market is projected to register a CAGR of 3.82%
- Largest Segment by Distance - Long Haul : Since cross-border trade between the United States and Mexico accounts for the majority of trade within the country, long-haul trucking is the largest industry within the distance category.
- Largest Segment by Product Type - Solid Goods : The solid goods segment dominates the product type over the liquid goods segment as products involved in the solid goods sector make up a significant portion of the US GDP and trade. Thus, it is the largest sector in the US road freight transport market.
- Largest Segment by End User - Wholesale and Retail Trade : Wholesale and retail trade is the largest end-user segment of the US road freight transport market. It is massively supported by the e-commerce sector, which expanded by more than 40% in a year, while cross-border sales increased by 20%.
- Fastest Growing Segment by TruckLoad Specification - Full Truckload : The full truckload segment is the fastest-growing specification, as approximately 656,310 businesses in the US truckload industry provide full truckload road freight services.
US Road Freight Transport Industry Segments
Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others are covered as segments by End User. Domestic, International are covered as segments by Destination. Full Truckload, Less Than Truckload 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. Liquid Goods, Solid Goods are covered as segments by Product Type. Controlled, Non-Controlled are covered as segments by Temperature Control.| End User | |
| Agriculture, Fishing And Forestry | |
| Construction | |
| Manufacturing | |
| Oil And Gas, Mining And Quarrying | |
| Wholesale And Retail Trade | |
| Others |
| Destination | |
| Domestic | |
| International |
| Truckload Specification | |
| Full Truckload | |
| Less Than Truckload |
| Containerization | |
| Containerized | |
| Non- Containerized |
| Distance | |
| Long Haul | |
| Short Haul |
| Product Type | |
| Liquid Goods | |
| Solid Goods |
| Temperature Control | |
| Controlled | |
| Non-Controlled |
US Road Freight Transport Market Trends
This section covers the major market trends shaping the US Road Freight Transport Market according to our research experts:
Wholesale and Retail Trade is the largest segment by End User.
- In 2020, the oil gas mining and quarrying sector was the main sector impacted by COVID-19, with a YoY decline of 33.73% in value. The agriculture, fishing, and forestry sector witnessed the maximum growth of 6.12% YoY, followed by construction at 5.41% YoY and wholesale and retail trade at 4.74% YoY. However, in terms of percentage contribution to revenue, wholesale and retail trade had the maximum share of around 30.20% in 2020, followed by the manufacturing sector with 27.80%.
- In 2020, e-commerce companies generated over USD 4.2 trillion. In the United States, the industry grew by more than 40% in one year, while cross-border sales grew by 20%. With increasing domestic demand for e-commerce products, the demand for last-mile trucking services has also increased. In 2020, fashion had the maximum revenue share, with 1.43% of total e-commerce sales in the United States.
- The manufacturing sector has been another main end-user industry utilizing road freight transportation in the United States. In 2020, despite the challenges caused due to disruptions in the supply chain as a result of the COVID-19 pandemic, manufacturing of electrical and electronic products experienced a YoY growth of 3.18%. Among the manufacturing industries, automobiles had the maximum revenue contribution of 17.59% in 2021, followed by the food and beverage industry, with a revenue contribution of 16.07%.
To understand key trends, Download Sample Report
US Road Freight Transport Market Competitor Analysis
The United States Road Freight Transport Market is fragmented, with the top five companies occupying 23.39%. The major players in this market are C.H. Robinson, FedEx, J.B.Hunt Transport Services Inc., Ryder System and United Parcel Service (UPS) (sorted alphabetically).
US Road Freight Transport Market Top Players
C.H. Robinson
FedEx
J.B.Hunt Transport Services Inc.
Ryder System
United Parcel Service (UPS)
*Disclaimer: Major Players sorted in no particular order
US Road Freight Transport Market Recent Developments
- August 2022: DHL opened a facility in St. Petersburg, its second facility in the Greater Tampa Bay region. The new facility includes 30,400 square feet of warehousing and office space.
- May 2022: In September 2021, Fedex had collaborated with Aurora and Paccar to test autonomous linehaul technology. Following up on this collaboration, in May 2022, Aurora expanded autonomous freight pilot with FedEx in Texas.
- May 2022: Landstar System provides Landstar Clarity™, a new freight-tracking exception-management tool. With this tool, location data from trucks can be updated every 15 minutes and it also has many more features for problem-solving along the supply chain.
US 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. Wholesale Price Inflation
4.4. Economic Performance And Profile
4.5. Transport And Storage Sector GDP
4.6. Logistics Performance
4.7. Modal Share Of Freight Transport Sector
4.8. Length Of Roads
4.9. Export Trends
4.10. Import Trends
4.11. Fuel Pricing Trends
4.12. Trucking Operational Costs
4.13. Trucking Fleet Size By Type
4.14. Major Truck Suppliers
4.15. Road Freight Tonnage Trends
4.16. Road Freight Pricing Trends
4.17. Regulatory Framework
4.18. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. End User
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 Truckload
5.3.2. Less Than Truckload
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. Product Type
5.6.1. Liquid Goods
5.6.2. Solid Goods
5.7. Temperature Control
5.7.1. Controlled
5.7.2. Non-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. ArcBest
6.4.2. C.H. Robinson
6.4.3. Deutsche Post DHL Group
6.4.4. FedEx
6.4.5. J.B.Hunt Transport Services Inc.
6.4.6. Knight-Swift Transportation
6.4.7. Landstar System Inc.
6.4.8. Maersk
6.4.9. Old Dominion Freight Line
6.4.10. Ryder System
6.4.11. Schneider
6.4.12. United Parcel Service (UPS)
6.4.13. Werner Enterprises Inc.
6.4.14. XPO Logistics Inc.
6.4.15. Yellow Corporation
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 BY ECONOMIC ACTIVITY, UNITED STATES, SHARE %, 2021
Figure 2:
GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, UNITED STATES, CAGR %, 2016 – 2021
Figure 3:
WHOLESALE PRICE INFLATION RATE, UNITED STATES, PERCENTAGE (%), 2016 – 2021
Figure 4:
TRENDS IN E-COMMERCE INDUSTRY, UNITED STATES, VALUE, USD, 2016 – 2021
Figure 5:
TRENDS IN E-COMMERCE INDUSTRY BY SECTOR, UNITED STATES, SHARE %, 2021
Figure 6:
TRENDS IN MANUFACTURING INDUSTRY, UNITED STATES, VALUE, USD, 2016 – 2021
Figure 7:
TRENDS IN MANUFACTURING INDUSTRY BY SECTOR, UNITED STATES, SHARE %, 2021
Figure 8:
TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, UNITED STATES, VALUE, USD, 2016 – 2021
Figure 9:
TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, UNITED STATES, SHARE %, 2016 – 2021
Figure 10:
LOGISTICS PERFORMANCE, UNITED STATES, RANK, 2010 – 2018
Figure 11:
MODAL SHARE OF FREIGHT TRANSPORT SECTOR, UNITED STATES, SHARE %, BY VOLUME (TONS), SHARE%, 2021
Figure 12:
LENGTH OF ROADS BY TYPE OF SURFACE, UNITED STATES, SHARE %, 2021
Figure 13:
LENGTH OF ROADS BY TYPE OF ROAD, UNITED STATES, SHARE %, 2021
Figure 14:
VALUE OF EXPORTS, UNITED STATES, USD, 2016-2021
Figure 15:
VALUE OF IMPORTS, UNITED STATES, USD, 2016-2021
Figure 16:
FUEL PRICE BY TYPE OF FUEL, UNITED STATES, USD PER LITRE, 2016-2021
Figure 17:
TRUCKING OPERATIONAL COSTS, UNITED STATES, SHARE %, 2021
Figure 18:
TRUCKING FLEET SIZE BY TYPE, UNITED STATES, SHARE %, 2021
Figure 19:
MAJOR TRUCK SUPPLIER BRANDS, UNITED STATES, SHARE %, 2021
Figure 20:
ROAD FREIGHT TRANSPORT LOAD PICKED, UNITED STATES, TONS, 2016-2028
Figure 21:
ROAD FREIGHT TRANSPORT RATES, UNITED STATES, USD/TON-KM, 2016-2021
Figure 22:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, VOLUME, TON-KM, 2016 - 2028
Figure 23:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, VALUE, USD, 2016 - 2028
Figure 24:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028
Figure 25:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028
Figure 26:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY END USER, 2016 - 2028
Figure 27:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VOLUME, TON-KM, 2016 - 2028
Figure 28:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VALUE, USD, 2016 - 2028
Figure 29:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 30:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VOLUME, TON-KM, 2016 - 2028
Figure 31:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VALUE, USD, 2016 - 2028
Figure 32:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 33:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VOLUME, TON-KM, 2016 - 2028
Figure 34:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VALUE, USD, 2016 - 2028
Figure 35:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 36:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VOLUME, TON-KM, 2016 - 2028
Figure 37:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VALUE, USD, 2016 - 2028
Figure 38:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 39:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VOLUME, TON-KM, 2016 - 2028
Figure 40:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VALUE, USD, 2016 - 2028
Figure 41:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 42:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, OTHERS, VOLUME, TON-KM, 2016 - 2028
Figure 43:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, OTHERS, VALUE, USD, 2016 - 2028
Figure 44:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY DESTINATION, 2021 - 2028
Figure 45:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028
Figure 46:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028
Figure 47:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DESTINATION, 2016 - 2028
Figure 48:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VOLUME, TON-KM, 2016 - 2028
Figure 49:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VALUE, USD, 2016 - 2028
Figure 50:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028
Figure 51:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VOLUME, TON-KM, 2016 - 2028
Figure 52:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VALUE, USD, 2016 - 2028
Figure 53:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), BY END USER, 2021 - 2028
Figure 54:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY TRUCKLOAD SPECIFICATION, VALUE, USD, 2016 - 2028
Figure 55:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TRUCKLOAD SPECIFICATION, 2016 - 2028
Figure 56:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, FULL TRUCKLOAD, VALUE, USD, 2016 - 2028
Figure 57:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 58:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, LESS THAN TRUCKLOAD, VALUE, USD, 2016 - 2028
Figure 59:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 60:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY CONTAINERIZATION, VALUE, USD, 2016 - 2028
Figure 61:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY CONTAINERIZATION, 2016 - 2028
Figure 62:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, CONTAINERIZED, VALUE, USD, 2016 - 2028
Figure 63:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 64:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, NON- CONTAINERIZED, VALUE, USD, 2016 - 2028
Figure 65:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 66:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY DISTANCE, VALUE, USD, 2016 - 2028
Figure 67:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DISTANCE, 2016 - 2028
Figure 68:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, LONG HAUL, VALUE, USD, 2016 - 2028
Figure 69:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 70:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHORT HAUL, VALUE, USD, 2016 - 2028
Figure 71:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 72:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY PRODUCT TYPE, VALUE, USD, 2016 - 2028
Figure 73:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY PRODUCT TYPE, 2016 - 2028
Figure 74:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, LIQUID GOODS, VALUE, USD, 2016 - 2028
Figure 75:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 76:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SOLID GOODS, VALUE, USD, 2016 - 2028
Figure 77:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 78:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, BY TEMPERATURE CONTROL, VALUE, USD, 2016 - 2028
Figure 79:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY TEMPERATURE CONTROL, 2016 - 2028
Figure 80:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, CONTROLLED, VALUE, USD, 2016 - 2028
Figure 81:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 82:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, NON-CONTROLLED, VALUE, USD, 2016 - 2028
Figure 83:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, GROWTH (2016-2021) AND FORECASTS (2022-2028), CAGR %
Figure 84:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 85:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 86:
UNITED STATES ROAD FREIGHT TRANSPORT MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Market Definition
- CABOTAGE - Road transport by a motor vehicle registered in a country performed on the national territory of another country.
- CONTAINERIZATION - Road freight transport in the form of containerized as well as non-containerized road freight transport is considered in the study.
- CONTAINERIZED CARGO - Containerized cargo means general goods, commodities or wares that are shipped in non-dContainerized cargo means general goods, commodities or wares that are shipped in non-disposable, reusable, commercial sized shipping containersisposable, reusable, commercial sized shipping containers
- 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.
- DISTANCE TYPES - Both long haul and short haul road freight transport markets are considered in the study.
- DOMESTIC ROAD FREIGHT TRANSPORT - Domestic Road Freight Transportation includes all the freight activity within the country comprising both inter-state and intra state fright flows
- END USER - Road Freight Transport market is analyzed based on the major end users viz. Oil & Gas, Mining & Quarrying, Construction, Manufacturing,Wholesale & Retail Trade, Agriculture, Fishing & Forestry among other end users
- FULL TRUCKLOAD - Full Truckload shipping is the movement of large amounts of homogeneous cargo, generally the amount necessary to fill an entire semi-trailer or intermodal container. A Full truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer.
- INTERNATIONAL ROAD FREIGHT TRANSPORT - International road freight transport refers to the cross-border transportation or flow of freight across international borders.
- LESS THAN TRUCKLOAD - LTL refers to “Less-than-Truck Load”, a mode of freight transport that offers flexible options when the amount of cargo needing to be moved does not fill a full truck load (FTL) but is too large or heavy for parcel shipping.
- LIQUID GOODS - Liquid Goods include all goods which are liquid in nature (crude petroleum, oil, gasoline, liquid fertilizers, alcoholic and non-alcoholic beverages to name a few)
- LONG HAUL ROAD FREIGHT TRANSPORT - Long-distance trucking (Long Haul) establishments carry goods between metropolitan areas or cross border. (greater than or equal to 100 miles)
- NON- CONTAINERIZED CARGO - Non-Containerised Cargo refers to goods shipped in pieces separately without the use of a container. These goods are shipped in crates, bags, boxes, drums, barrels and they are extremely large in sizes/dimensions.
- PRODUCT TYPES - Both solid and liquid goods are considered in terms of the type of products transported, in the study.
- ROAD FREIGHT TRANSPORT - 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.
- SHORT HAUL ROAD FREIGHT TRANSPORT - Local trucking (Short Haul) establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. (upto 99 miles)
- SOLID GOODS - Solid Goods include all goods which are solid in nature (coal, building stone, gravel, motorized vehicles, electronics, machinery to name a few)
- TEMPERATURE CONTROL - Temperature controlled as well as non-temperature-controlled transport of freight through road, is considered in the scope of the study
- TRUCKLOAD SPECIFICATION - For the purpose of this study, both less-than truckload and full-truckload road freight markets are taken into consideration.
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
