London, 25 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the domestic freight market in the US 2015-2019, which is expected to grow at a CAGR of 4.52% in terms of revenue and 2.63% in terms of volume in the forecast period of 2014-2019.
“Currently, vendors in the domestic freight market in the US focus on providing different types of value-added logistics services such as an assortment and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities,” says Faisal Ghaus, Vice President of Technavio.
“Shippers prefer to choose freight service providers that provide one-stop solutions and avoid the tediousness associated with outsourcing different tasks to different vendors.”
Key Market Drivers
- Developed Logistics Infrastructure
- Economic Growth
- Logistics Services Outsourcing
- Growth of Automobile and Auto Components Industry
Key Market Trends
- Increase in M&A
- Value-added Services Offered by Vendors
- Adoption Eco-friendly Vehicles
- Use of Cloud-based CRM Solutions to Enhance Vendor-Shipper Relationship
Key Market Vendors
- CH Robinson Worldwide Inc.
- CEVA Logistics
- Con-way Inc.
- DB Schenker Logistics
- Deutsche Post DHL
- Expeditors International of Washington Inc.
- FedEx Corp.
- JB Hunt
- UPS
- UTi Worldwide
- Werner Enterprises Dedicated and Logistics
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
