London, 11 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the LTL market in the US 2015-2019, which is expected to grow at a CAGR of 8.15% during the period of 2014-2019.
“Shippers in the LTL market prefer to choose freight service providers that provide one-stop solutions and avoid the tediousness associated with outsourcing different tasks to different vendors,” says Faisal Ghaus, Vice President of Technavio.
Currently, there are very few players, such as Conway and YRC, that provide such solutions, but we expect this to rise and add to the market’s growth.”
Key Market Drivers
- Economic Growth
- Logistics Services Outsourcing
- Developed Logistics Infrastructure
- Growth of Omni-channel Retailing Landscape
- Growth of Automobile and Auto Components Industry
Key Market Trends
- Cost Reduction
- Value-added Services Offered by Vendors
- Increase in M&A
- Growing Preference for Eco-friendly Logistics
- Use of Cloud-based CRM Solutions to Enhance Vendor-Shipper Relationship
Key Market Vendors
- Con-way Inc.
- FedEx Corp.
- United Parcel Service Inc. (UPS)
- YRC Worldwide Inc.
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%…
