- The key vendors in the Global Road Logistics Market 2014-2018 are Con-way Inc., FedEx Corp., J.B.Hunt Transport Services Inc., United Parcel Services and YRC Worldwide.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on Global Road Logistics Market 2014-2018. One major trend in this market is the emergence of 4PL, which assists the company in gaining operational productivity and improving efficiency.
Road logistics refer to the movement of various commodities from one place to another. Road transportation being the most important mode of transport for freight and about 74 percent of total global freight is transported by road, offers many advantages over other modes of transportation such as cost-efficiency, easy to track, fewer idle periods, door-to-door delivery, quicker delivery time, safety of the cargo, and the ability to use different routes.
“Privatization works best when private organizations offer benefits over government firms in providing particular goods or services,” says Faisal Ghaus, Vice President of TechNavio Research.
“Owing to rising fuel costs, government regulations, and environmental concerns, manufacturers are opting for alternative fuel for the road freight vehicles that deliver their products.”
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.
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