London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Domestic Freight Market in the US 2014-2018.
About the Domestic Freight Market
Domestic freight service providers specialize in handling different logistic functions such as transportation, warehousing and air freight & forwarding. These days, freight service providers go beyond just logistics to provide value-added services such as inventory management, cross-docking, door-to-door delivery and packaging. The latest report by TechNavio focuses on market conditions contributing to a 4.23 percent CAGR from 2013-2018.
The report highlights an increase in the number of mergers & acquisitions in recent years, as vendors aim to increase their global presence, expand their product portfolio and to achieve economies of scale in various SCM processes. Sectors like automotive, chemical and materials, consumer goods and retail, food and beverage, manufacturing, and pharmaceuticals are some of the key end users highlighted in this report.
“Currently, vendors in the domestic freight market in the US are focusing on providing different types of value-added logistics services, such as sorting and grading of products, packaging, MIS services in the logistics supply chain and other legal formalities necessary in the process. The market is witnessing a trend in which shippers are preferring freight service providers in order to avoid the tediousness associated with outsourcing different tasks to different vendors,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Developed Logistics Infrastructure
- For a full detailed list, view our report.
Market Challenges:
- High Cost of Operation and Competitive Pricing
- For a full detailed list, view our report.
Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
Key Vendors:
- C.H. Robinson Worldwide Inc.
- Deutsche Post DHL
- United Parcel Service Inc.
- UTi Worldwide Inc.
Other Prominent Vendors:
- AIT Worldwide Logistics
- BDP International
- Champion Logistics Group
- DB Schenker Logistics
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
