Market Size of united states short haul road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 150.65 Billion |
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Market Size (2030) | USD 182.54 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 3.25 % |
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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 Short Haul Road Freight Transport Market Analysis
The United States Short Haul Road Freight Transport Market size is estimated at 150.65 billion USD in 2024, and is expected to reach 182.54 billion USD by 2030, growing at a CAGR of 3.25% during the forecast period (2024-2030).
150.65 Billion
Market Size in 2024 (USD)
182.54 Billion
Market Size in 2030 (USD)
2.54 %
CAGR (2017-2023)
3.25 %
CAGR (2024-2030)
Largest Market by Destination
93.04 %
value share, Domestic, 2023
In 2022, the value of goods moved less than 100 miles was around 29.9%, whereas in 2021, the value of goods moved less than 100 miles stood at 29.7%.
Largest Market by End User Industry
36.88 %
value share, Manufacturing, 2023
The adoption of Industry 4.0 technologies like artificial intelligence (AI), robotics, and automation, driving the growth of the end-user industry in the US.
Fastest Growing Market by End User Industry
3.74 %
Projected CAGR, Wholesale and Retail Trade, 2024-2030
The segment is expected to increase in the coming years, supported by the growth in e-commerce sales. 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
3.68 %
Projected CAGR, International, 2024-2030
Cross-border e-commerce has been a significant driver for the segment. For instance, online shopping orders from international retailers accounted for approximately 3% of retail e-commerce revenue in the United States in 2022.
First Leading Market Player
1.42 %
market share, FedEx, 2022
FedEx Freight operates around 400 service centers, mainly in the United States. The company operates with more than 46,000 employees and 25,000 motorized vehicles.
US rice exports set projected 4.8% growth by 2032, fueling short-haul freight
- From 2022 to 2025, a consistent expansion in the US construction industry is projected, with an annual growth rate anticipated to fall between 3.4% and 4.5%. This upswing is expected to be driven by substantial investments in critical infrastructure domains such as transportation, electricity, and broadband. Short-haul trucking assumes a crucial role in ensuring a steady flow of essential construction materials like concrete, aggregates, lumber, and steel to construction sites. A prominent player in this landscape is United Rentals Inc., a leading provider of construction and industrial equipment.
- In 2021, the manufacturing end-user segment of the US short-haul road freight transport market saw expansion. This was attributed to the recovery of the manufacturing sector from the COVID-19 downturn and the robust demand for goods driving the US economy. In November 2021, US factory production hit its highest point in nearly three years, with output rising across all sectors and significantly benefiting the overall economy. Motor vehicle production experienced a YoY increase of 3.96%, reaching a total of 9.17 million units in 2021.
- The agriculture, fishing, and forestry segment of the short-haul road freight transport market is anticipated to witness growth over the coming years. This projection is rooted in the US prospective ascent to become the fifth-largest global exporter of rice, reaching a volume of 3.1 million tons by the period of 2031-2032. Notably, exports are poised to expand by 4.8% from 2022-2023 to 2031-2032. Additionally, against a backdrop of supply chain deficiencies and escalating consumer demand, inflation is poised to wield significant influence over the agricultural economy of the United States in the upcoming years.
Understand The Key Trends Shaping This Market
