- The key vendors in the Less Than Truckload (LTL) Market in US 2014-2018 are Con-way Inc., FedEx Corp., United Parcel Service Inc. (UPS) and YRC Worldwide Inc.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Less Than Truckload (LTL) Market in US 2014-2018. An increase in mergers and acquisitions is one of the major trends emerging in this market, which will enable companies to expand their customer base, and product and service portfolio. In addition, LTL service providers are increasingly offering value-added services, which could propel the demand for LTL services during the forecast period of 2013-2018.
An LTL service is a type of road freight transportation used for the shipment of relatively small freights. LTL carriers take less transit time to transport shipments compared to FTL 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.
“LTL service providers offer low freight rates on the basis of volume of freight and distance of transportation,” says Faisal Ghaus, Vice President of TechNavio Research.
“The shipment of palletized freight rather than loose cartons, using a spotted trailer, and loading and unloading assistance are the few techniques that help customers reduce cost of operations.”
To define the market conditions 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%…
