U.S. Freight and Logistics Market Share, Trends, Revenue, Demand, CAGR Status, Growth Drivers, Challenges and Future Opportunities Till 2033

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U.S. Freight and Logistics Market Share, Trends, Revenue, Demand, CAGR Status, Growth Drivers, Challenges and Future Opportunities Till 2033: SPER Market Research



 Published: Jul-2024
 Author: SPER Analyst


United States Freight and Logistics Market is projected to be worth USD 1.88 billion by 2033 and is anticipated to surge at a CAGR of 4.11%.

The foundation of moving commodities from point of origin to point of destination is freight and logistics. The physical commodities themselves, whether they are intermediate raw materials, completed things, or anything else entirely, are referred to as freight. The complete planning and execution process, including transportation (trucks, ships, and airplanes), warehousing, storage, clearing customs, and guaranteeing on-time delivery, is included in logistics. It's a complicated ballet that calls for skill and synchronization to transport cargo effectively and economically.

United States Freight and Logistics Market Driving Factors and Challenges

Driving Factors- The rising trend of logistics outsourcing is driving the expansion of the freight business. Logistics companies are becoming more than just service providers; they are also technological pioneers, providing cutting-edge solutions for supply chain operations including procurement and warehouse management. The growing popularity of contract-based logistics, such as third-party logistics (3PLs) and fourth-party logistics (4PLs), can be attributed to customer preference for personalized services. Shippers can outsource their logistics requirements while still handling some tasks internally thanks to these collaborations. Robotics, machine learning, and artificial intelligence (AI) are being used in digitization and automation to change freight logistics.


Challenges- The market's expansion is being hindered by the high expenses linked to infrastructure. These expenditures encompass the necessary rail and road connectivity, as well as critical infrastructure elements like gantry cranes required for cargo processing at various ports. Heavy machinery like flatbeds, trains, or trucks are essential when containers change modes of transportation at seaports. The cost is additionally increased by building roads and rail infrastructure for effective access to ports. Nevertheless, the high expenses and complexity of these infrastructure improvements frequently result in delays, which have a detrimental effect on the need for freight logistics. As a result, these funding needs provide a significant barrier that will prevent the freight logistics market from expanding as predicted during the projection period.

Impact of COVID-19 on United States Freight and Logistics Market
As companies adjust to shifting customer behaviours and market realities, the COVID-19 epidemic has expedited the adoption of e-commerce and digital commerce platforms, further propelling growth in the freight and logistics market. Thus, as e-commerce grows, so do the potential for market players to innovate, broaden the scope of their services, and increase their market share in the quickly expanding e-commerce logistics sector.

United States Freight and Logistics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as C.H. Robinson, Crowley Logistics, Inc., Echo Global Logistics, Inc., FedEx, J.B. Hunt Transport, Inc., Kuehne + Nagel, Old Dominion Freight Line, Inc., Schneider National, Inc., United Parcel Service of America, Inc., and XPO Logistics, Inc., Others.


United States Freight and Logistics Market Segmentation:

By Shipping Type: Based on the Shipping Type, United States Freight and Logistics Market is segmented as; Airways, Railways, Roadways, Waterways.

By Services: Based on the Services, United States Freight and Logistics Market is segmented as; Inventory Management, Packaging, Warehousing, Transportation, Distribution, Others.

By End Use: Based on the End Use, United States Freight and Logistics Market is segmented as; Energy and Utilities, Trade and Transportation, Government and Public Utilities.

By Region: This research also includes data for Northern, Southern, Western, Eastern.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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