NEW YORK , Dec. 15, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global less-than-truckload (LTL) market size is estimated to grow by USD 120.31 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 7.3% during the forecast period. Advances in e-commerce in retail sector is driving market growth, with a trend towards emergence of big data in global less-than-truckload (LTL) market.
However, rising prices of ltl carriers poses a challenge. Key market players include Allcargo Logistics Ltd., ArcBest Corp.
, Averitt Express Inc., Challenger Motor Freight Inc., CMA CGM SA Group, Debon Logistics Co.
Ltd., Deutsche Post AG, Estes Express Lines, FedEx Corp., J B Hunt Transport Services Inc.
, JRC Dedicated Services Co., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc.
, Old Dominion Freight Line Inc., R L Carriers Inc., SouthEastern Freight Lines, United Parcel Service Inc.
, XPO Inc., and Yellow Corp..
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Type (Long-haul carriers, Superregional carriers, and Regional carriers), Capacity (Light LTL volume and Heavy LTL volume), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Region Cove.