less than truckload market in the us 2015-2019
TRANSCRIPT
Covered in this Report• This report covers the present scenario and growth
prospects of the less than truckload market in the US for the period 2015-2019.
• To calculate the market size, the report considers revenue generated by LTL freight service providers.
• It also presents the vendor landscape and corresponding detailed analysis of the top four vendors in the market.
• In addition, it discusses the major drivers that influence the growth of the market.
• It also summarizes the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
• Technavio's report, Less Than Truckload Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Less than Truckload Market in the US
2015-2019
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Market Overview• Less than truckload (LTL) service is a type of
transportation used for shipments that usually weigh less-than 10,000 pounds.
• An LTL freight does not utilize the full capacity of a semi-trailer. The transit time of LTL carriers is less than that of full-truckload service providers.
• In addition, using an LTL carrier is cost effective for customers as the shipment is transported for a fraction of the cost of hiring an entire truck.
• Often, LTL service providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging.
• Technavio's analysts forecast the less than truckload market in the US to grow at a CAGR of 8.15% over the period 2014-2019.
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Key Vendors and Regions
• Con-way
• FedEx
• United Parcel Service
• YRC Worldwide
• A. Duie Pyle
• AAA Cooper
• ABF Freight System
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• US
Vendors Regions
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Key Findings
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• In-house LTL operations attract costs related to truck and inventory management.
• LTL service providers offer rates based on volume of freight and distance of transportation.
• The shipment of palletized freight rather than loose cartons, using a spotted trailer, and loading and unloading assistance are some of the techniques that help customers reduce operational costs.
• Thus, reduction in costs by availing LTL carriers will drive the growth of the market during the forecast period.
• Growing environmental awareness among shippers has resulted in concern over vehicular pollution, as well as pollution from recycling units, and pollution caused during packaging and warehousing.
• Shippers are increasingly choosing 3PL vendors that have stringent emission-checks in place.
• LTL service providers are using eco-friendly electric vehicles.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Less than Truckload Market in the US 2015-2019
69 Pages | SKU: IRTNTR6163
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