London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Local Specialized Freight Trucking Market in the US 2015-2019, which is expected to post a CAGR of 4.12 percent during the forecast period of 2014-2019.
Transportation of freight such as bulk liquids, dry bulk materials, forest products, refrigerated goods, automobiles, and heavy equipment has increased, which has propelled the growth of the market. The growing Manufacturing and e-Commerce sectors have also added to the growth of the market.
“Currently, vendors in the market are focusing on providing different types of value-added logistics services such as the assortment and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities necessary in the process,” says Faisal Ghaus, Vice President of TechNavio.
“There are few players in the market that provide one-stop solutions. 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
- Outsourcing of Logistics Services
- Developed Logistics Infrastructure
- Economic Growth
- Growing Demand from Construction Industry
Key Market Trends
- Cost Reduction
- Value-added Services Offered by Vendors
- Increase in M&A
Key Market Vendors
- American Rail Center Logistics
- CEVA Logistics (Americas)
- DHL Express
- FedEx Corporation
- United Parcel Service 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%…
