North America Freight And Logistics Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 1.56 Trillion |
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Market Size (2029) | USD 1.99 Trillion |
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Largest Share by Logistics Function | Freight Transport |
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CAGR (2023 - 2029) | 4.19 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
North America Freight And Logistics Market Analysis
The North America Freight And Logistics Market size is estimated at 1.56 trillion USD in 2023, and is expected to reach 1.99 trillion USD by 2029, growing at a CAGR of 4.19% during the forecast period (2023-2029).
1.56 Trillion
Market Size in 2023 (USD)
1.99 Trillion
Market Size in 2029 (USD)
3.18 %
CAGR (2017-2022)
4.19 %
CAGR (2023-2029)
Fastest Growing Segment by Mode of Transport
4.40 %
Projected CAGR, Pipelines, 2023-2029
The pipeline segment's growth is largely facilitated by the presence of 17,210 km of pipelines in Mexico as of 2021, which is expected to increase to 18,889 km by 2025.
LARGEST CEP SEGMENT BY DESTINATION TYPE
82.54 %
value share, Domestic, 2022
North America is anticipated to dominate the global market for postal automation systems during the forecast period as a result of rising e-commerce and online retail sales in the region.
Largest Segment by Country
78.37 %
value share, United States, 2022
The United States dominates the region as parcels transported in the country increased by 6% YoY in 2021. It is anticipated to increase and register a CAGR between 5–10% between 2022 and 2027.
Largest Segment by End User
29.46 %
value share, Wholesale and Retail Trade, 2022
The wholesale and retail sector contributed 12.2% of the GDP in North America in 2022, owing to the increased demand in the e-commerce sector in the region.
FASTEST GROWING WAREHOUSING SEGMENT BY TEMPERATURE CONTROL
4.76 %
Projected CAGR, Temperature Controlled, 2023-2029
The United States holds the largest capacity of refrigerated warehousing in the world, with 156 million cubic meters as of 2021. It is one of the main drivers of fast-increasing growth.
Rising demand for foreign goods in Indonesia, Thailand, and India imported from North America leading transport sector growth
- The North American logistics market is currently being driven by several factors. The increasing demand for foreign goods in emerging economies, such as Indonesia, Thailand, and India, specifically imported from North American countries, acts as one of the major forces that are catalyzing the growth of the logistics market in the North American region. As a result of increasing trade volumes in the countries across the region, the demand for goods in the North American region witnessed a steep rise. In 2022, the North American logistics market grew by 5.31% on a YoY basis.
- North America's trade with Europe has also grown. In 2019, the volume of Europe-North America air trade accounted for about 3.4 million tons. Five countries accounted for 67% of the European-North American air trade in 2019. Germany held the highest share, which was 22.4%, followed by the United Kingdom and France, which held shares of 15.6% and 10.3%, respectively.
- Under North America's commodity trade with Europe, electricals accounted for 26% of the total volume, the commodity division with the largest share. The second-highest commodity was chemical and related products, which held an air trade share of 13%. As of 2022, the overall exports from North America rose to USD 3.32 trillion, which was up from USD 2.50 trillion in 2021.
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Enhancing FnL sector in North America through government investments from US (USD 31 million), Canada (USD 2.3 billion) and Mexico (USD 44 billion)
- The freight and logistics market in North America is dominated by the United States, Mexico, and Canada. In August 2022, the total transborder freight between the United States, Canada, and Mexico recorded a YoY increase of 13.9%. Road freight was a crucial mode of transportation in North America, wherein truck freight witnessed a YoY increase of 19% in August 2022. In the United States, the volume of road freight declined at a YoY rate of 1.9% in 2022, led by a fall in lumber carloads due to a weak market for new home construction and supply chain bottlenecks. Air cargo volumes witnessed a decline of 8.6% in October 2022.
- In 2021, industrial logistics recorded strong performance in the region, mostly led by rapid economic growth. The share of leasing activity was led by general retail and wholesale, accounting for 35.8%, while third-party logistics accounted for about 32.2%. The overall share of e-commerce was 10.7% during the year. The total commercial warehousing space witnessed a YoY increase of 9.77% in 2022, driven by growth in e-commerce and other factors. The demand for cold chain facilities is expected to witness robust growth during the forecast period.
- In October 2022, the US Department of Transportation invested around USD 31 million to expand cargo infrastructure and strengthen the supply chain. In order to modernize and upgrade rail infrastructure, the US government announced a funding amount of USD 1.4 billion in 2022. The Government of Mexico initiated a USD 44 billion plan for 2020-2024, focusing on transportation infrastructure under the framework of the National Private Sector Infrastructure Investment Agreement. The Government of Canada also invested over USD 2.3 billion in the National Trade Corridors Fund to enhance freight transportation.
North America Freight And Logistics Market Trends
The United States dominates regional GDP with 86% contribution, fueled by port infrastructure program and supply chain strengthening measures
- In 2021, the transportation services sector, valued at USD 1.9 trillion, contributed 8.4% to the GDP, experiencing a robust 12.34% YoY growth rate. This encompassed various transportation aspects, resulting in a combined value of USD 642.60 billion. In 2022, the US Department of Transportation unveiled the Port Infrastructure Development Program, allocating over USD 703 million for 41 projects spanning 22 states to enhance port capabilities, supply chain reliability, and job prospects.
- Transportation and warehousing contributed a GDP of MXN 1.84 trillion (USD 0.094 trillion) during the third quarter of 2022, marking a 0.62% quarterly increase and a substantial 21.3% surge compared to the previous year's corresponding period. The Infrastructure, Communications, and Transport Ministry, in collaboration with the public and private sectors, committed investments totaling MXN 768 billion (USD 39.38 billion) in 2022 to enhance Mexico's road and rail infrastructure. This comprehensive effort aims to modernize railways, highways, and bridges while also addressing road safety enhancements.
- In North America, the United States is the largest contributor to the GDP of the transportation and storage sector, accounting for 86% of the total North American transportation and storage sector's GDP. The United States contributes six times the combined value of Canada and Mexico. The Canadian government provided an additional CAD 1.9 billion (USD 1.46 billion) to the National Trade Corridors Fund over four years (2021-22 to 2024-25), which may spur investments in much-needed improvements to Canada's roads, rails, and shipping routes, build long-term resilience for the Canadian economy, and support internal trade.
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Low supply and high demand for natural gas in the United States anticipated to increase the prices
- The primary driver of high gas and diesel prices is the price of crude oil, which is now 75% higher than it was in 2021. For instance, in Canada, gas prices jumped by more than 50% in 2021, pushing the cost of a liter to more than USD 1.56 in many parts of the country. Similarly, in the United States many of the western states faced much higher gas prices because of more limited refining capacity.
- Natural gas prices declined by 14.7% YoY, and gasoline prices declined by 13.5% YoY. However, in 2022, natural gas prices recorded a YoY growth of 34.3%, and the YoY growth of gasoline prices stood at 12.8% due to high inflation and the Russia-Ukraine war. The supply of crude oil became more constrained, and the demand for gasoline increased, which raised the price even higher. The retail diesel prices are predicted to average around USD 4.20/gal in 2023, down by 16% from 2022, and the diesel refining margins in the country are expected to decline by 20% in 2023 and 38% in 2024. The prices are expected to keep dropping in 2024 and average close to USD 3.70/gal.
- There has been a rapid rise in diesel fuel prices, squeezing freight transportation companies and their customers. The impact is evident more in Mexico, where about 80% of fleets are small trucking companies or owner-operators. The increase in natural gas prices in the United States will inevitably spread to Mexico's gas and power markets. However, Mexico imports 80% of its fuel from the United States still gas and diesel cost less in Mexico because the Mexican government offers the trucking industry subsidies to offset operating expenses. A weaker than expected supply response in the United States, combined with high natural gas demand in both domestic and export markets, is expected to increase the prices further.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- North America's population increased to 601.21 million in 2022, reflecting a 0.61% YoY growth fueled by migration and recovery in the death rate
- Agriculture, fishing, and forestry registered the highest growth during the review period owing to rising trade under the US-Mexico-Canada Agreement (USMCA)
- North America has the fastest growing e-commerce markets worldwide
- North American economies working towards strengthening export led growth through government support
- Growing road freight rates led by a surge in fuel prices and driver wages accounting for around 55% of trucking operational costs share
- Infrastructure boost elevates logistics performance for Canada and the United States, while Mexico's LPI ranking falls 15 places in 2023
- Road freight transportation dominated other modes in terms of tonnage handled and reached around 13 billion tons in 2022
- North American sea ports are enhancing maritime connectivity to overcome challenges such as global shipping congestion
- North American freight rates surge amid economic recovery and fuel price fluctuations
- Port infrastructure investment boosts connectivity, while Canada invested USD 33 billion into diverse national infrastructure
- Government initiatives and private player investments in manufacturing and retail are key drivers of the regional economy
- A rise in gas prices is a major catalyst for increased PPI and CPI in the region
- The US manufacturing market is expected to reach a revenue value of over USD 14.1 billion by the year 2030
- US, Canada, and Mexico aim for domestic production of 25% of their total imports from Asia to boost regional integration
- Production and sales of commercial vehicles, especially heavy trucks, are increasing in the region
- Daimler, a major truck supplier in North America, witnessed a YoY growth of 16.3% in truck sales
- American oil and general cargo exports, coupled with increasing demand and construction projects, are driving growth
- Increasing investments by United States Department of Transportation to boost port efficiency and optimize performance
- The total freight transported in North America reached approximately 34 billion tons in 2022
North America Freight And Logistics Industry Overview
The North America Freight And Logistics Market is fragmented, with the top five companies occupying 16.09%. The major players in this market are C.H Robinson, Deutsche Post DHL Group, FedEx, Kuehne + Nagel and United Parcel Service (sorted alphabetically).
North America Freight And Logistics Market Leaders
C.H Robinson
Deutsche Post DHL Group
FedEx
Kuehne + Nagel
United Parcel Service
Other important companies include DB Schenker, DSV A/S (De Sammensluttede Vognmænd af Air and Sea), Expeditors International, GXO Logistics, J.B.Hunt Transport Services Inc., Ryder Systems, XPO Logistics.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Freight And Logistics Market News
- November 2022: DHL prolonged its partnership with the German Bobsleigh, Luge, and Skeleton Federation (BSD) for another four years. The premium and logistics partnership has been in place since the 2014-2015 winter season, and it includes logistics for all equipment during the seasons, along with the branding of sports equipment and clothing of athletes.
- October 2022: XPO Logistics opened a less-than-truckload service center in Chicago. The service center area is 150,000 sq ft and has 264 dock doors to accommodate high volumes.
- October 2022: XPO Logistics has been awarded a multi-year contract by Wavin to manage its transport operations in France. Wavin is an innovative solutions provider of drinking water supplies, sanitation, climate-resilient cities, and heating and cooling systems for the global construction and infrastructure industries.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends, maritime connectivity Indices, port calls and performance among other key indicators.
North America Freight And Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Demographics
2.2. GDP Distribution By Economic Activity
2.3. GDP Growth By Economic Activity
2.4. Inflation
2.5. Economic Performance And Profile
2.6. Transport And Storage Sector GDP
2.7. Export Trends
2.8. Import Trends
2.9. Fuel Price
2.10. Trucking Operational Costs
2.11. Trucking Fleet Size By Type
2.12. Logistics Performance
2.13. Major Truck Suppliers
2.14. Modal Share
2.15. Maritime Fleet Load Carrying Capacity
2.16. Liner Shipping Connectivity
2.17. Port Calls And Performance
2.18. Freight Pricing Trends
2.19. Freight Tonnage Trends
2.20. Infrastructure
2.21. Regulatory Framework (Road and Rail)
2.21.1. Canada
2.21.2. Mexico
2.21.3. United States
2.22. Regulatory Framework (Sea and Air)
2.22.1. Canada
2.22.2. Mexico
2.22.3. United States
2.23. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Agriculture, Fishing and Forestry
3.1.2. Construction
3.1.3. Manufacturing
3.1.4. Oil and Gas, Mining and Quarrying
3.1.5. Wholesale and Retail Trade
3.1.6. Others
3.2. Logistics Function
3.2.1. Courier, Express and Parcel
3.2.1.1. By Destination Type
3.2.1.1.1. Domestic
3.2.1.1.2. International
3.2.2. Freight Forwarding
3.2.2.1. By Mode Of Transport
3.2.2.1.1. Air
3.2.2.1.2. Sea and Inland Waterways
3.2.2.1.3. Others
3.2.3. Freight Transport
3.2.3.1. By Mode Of Transport
3.2.3.1.1. Air
3.2.3.1.2. Pipelines
3.2.3.1.3. Rail
3.2.3.1.4. Road
3.2.3.1.5. Sea and Inland Waterways
3.2.4. Warehousing and Storage
3.2.4.1. By Temperature Control
3.2.4.1.1. Non-Temperature Controlled
3.2.4.1.2. Temperature Controlled
3.2.5. Other Services
3.3. Country
3.3.1. Canada
3.3.2. Mexico
3.3.3. United States
3.3.4. Rest of North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. C.H Robinson
4.4.2. DB Schenker
4.4.3. Deutsche Post DHL Group
4.4.4. DSV A/S (De Sammensluttede Vognmænd af Air and Sea)
4.4.5. Expeditors International
4.4.6. FedEx
4.4.7. GXO Logistics
4.4.8. J.B.Hunt Transport Services Inc.
4.4.9. Kuehne + Nagel
4.4.10. Ryder Systems
4.4.11. United Parcel Service
4.4.12. XPO Logistics
5. KEY STRATEGIC QUESTIONS FOR FREIGHT AND LOGISTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
6.7. Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- POPULATION DISTRIBUTION BY GENDER, COUNT, NORTH AMERICA, 2017 - 2029
- Figure 2:
- POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, NORTH AMERICA, 2017 - 2029
- Figure 3:
- POPULATION DENSITY, POPULATION/SQ. KM, NORTH AMERICA, 2017 - 2029
- Figure 4:
- GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, NORTH AMERICA, 2017 - 2022
- Figure 5:
- FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), NORTH AMERICA, 2017 - 2022
- Figure 6:
- POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, NORTH AMERICA, 2022
- Figure 7:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, NORTH AMERICA, 2022
- Figure 8:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, NORTH AMERICA, 2017 – 2022
- Figure 9:
- WHOLESALE PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022
- Figure 10:
- CONSUMER PRICE INFLATION RATE, %, NORTH AMERICA, 2017 - 2022
- Figure 11:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, NORTH AMERICA, 2017 - 2027
- Figure 12:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, NORTH AMERICA, 2022
- Figure 13:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, NORTH AMERICA, 2017 - 2022
- Figure 14:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, NORTH AMERICA, 2022
- Figure 15:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, NORTH AMERICA, 2017 – 2022
- Figure 16:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, NORTH AMERICA, 2017-2022
- Figure 17:
- VALUE OF EXPORTS, USD, NORTH AMERICA, 2017 - 2022
- Figure 18:
- VALUE OF IMPORTS, USD, NORTH AMERICA, 2017 - 2022
- Figure 19:
- FUEL PRICE BY TYPE OF FUEL, USD/LITRE, NORTH AMERICA, 2017 - 2022
- Figure 20:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, NORTH AMERICA, 2022
- Figure 21:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, NORTH AMERICA, 2022
- Figure 22:
- RANK OF LOGISTICS PERFORMANCE, RANK, NORTH AMERICA, 2010 - 2023
- Figure 23:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, NORTH AMERICA, 2022
- Figure 24:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, NORTH AMERICA, 2022
- Figure 25:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, NORTH AMERICA, 2022
- Figure 26:
- MARITIME FLEET LOAD CARRYING CAPACITY OF COUNTRY FLAGGED VESSELS, DEAD WEIGHT TONNAGE (DWT) BY SHIP TYPE, NORTH AMERICA, 2017 - 2022
- Figure 27:
- LINER SHIPPING CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, 2019 - 2022
- Figure 28:
- LINER SHIPPING BILATERAL CONNECTIVITY INDEX, NORTH AMERICA, 2021
- Figure 29:
- PORT LINER SHIP CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, NORTH AMERICA, 2022
- Figure 30:
- MEDIAN TIME SPENT BY VESSELS WITHIN PORT LIMITS OF THE COUNTRY, DAYS, NORTH AMERICA, 2018 - 2021
- Figure 31:
- AVERAGE AGE OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, YEARS, NORTH AMERICA, 2018 - 2021
- Figure 32:
- AVERAGE GROSS TONNAGE OF VESSELS ENTERING THE COUNTRY'S PORTS, GROSS TONNAGE (GT), NORTH AMERICA, 2018 - 2021
- Figure 33:
- AVERAGE CARGO CARRYING CAPACITY OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, DEAD WEIGHT TONNAGE (DWT) PER VESSEL, NORTH AMERICA, 2018 - 2021
- Figure 34:
- AVERAGE CONTAINER CARRYING CAPACITY PER CONTAINER SHIP FOR VESSELS ENTERING THE PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NORTH AMERICA, 2018 - 2021
- Figure 35:
- CONTAINER PORT THROUGHPUT, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NORTH AMERICA, 2016 - 2020
- Figure 36:
- TOTAL NUMBER OF SHIP ARRIVALS IN THE COUNTRY'S PORTS, NUMBER OF PORT CALLS, NORTH AMERICA, 2018 - 2021
- Figure 37:
- PRICING TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2017 - 2022
- Figure 38:
- PRICING TREND OF RAIL FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2017 - 2022
- Figure 39:
- PRICING TREND OF AIR FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2017 - 2022
- Figure 40:
- PRICING TREND OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2017 - 2022
- Figure 41:
- PRICING TREND OF PIPELINES FREIGHT TRANSPORT SERVICE, USD/TON-KM, NORTH AMERICA, 2017 - 2022
- Figure 42:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, NORTH AMERICA, 2017 - 2029
- Figure 43:
- FREIGHT HANDLED BY RAIL TRANSPORT, TONS, NORTH AMERICA, 2017 - 2029
- Figure 44:
- FREIGHT HANDLED BY AIR TRANSPORT, TONS, NORTH AMERICA, 2017 - 2029
- Figure 45:
- FREIGHT HANDLED BY SEA AND INLAND WATERWAYS TRANSPORT, TONS, NORTH AMERICA, 2017 - 2029
- Figure 46:
- FREIGHT HANDLED BY PIPELINES TRANSPORT, TONS, NORTH AMERICA, 2017 - 2029
- Figure 47:
- LENGTH OF ROADS, KM, NORTH AMERICA, 2017 - 2022
- Figure 48:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, NORTH AMERICA, 2022
- Figure 49:
- SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, NORTH AMERICA, 2022
- Figure 50:
- RAIL LENGTH, KM, NORTH AMERICA, 2017 - 2022
- Figure 51:
- CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NORTH AMERICA, 2022
- Figure 52:
- CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, NORTH AMERICA, 2022
- Figure 53:
- VALUE OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 54:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2017-2029
- Figure 56:
- VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 57:
- CAGR OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 58:
- VALUE OF CONSTRUCTION LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 59:
- CAGR OF CONSTRUCTION LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 60:
- VALUE OF MANUFACTURING LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 61:
- CAGR OF MANUFACTURING LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 62:
- VALUE OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 63:
- CAGR OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 64:
- VALUE OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 65:
- CAGR OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 66:
- VALUE OF OTHER END USERS LOGISTICS MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 67:
- CAGR OF OTHER END USER LOGISTICS MARKET, %, NORTH AMERICA, 2017-2029
- Figure 68:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, USD, NORTH AMERICA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, %, NORTH AMERICA, 2017-2029
- Figure 70:
- VALUE OF COURIER, EXPRESS AND PARCEL MARKET BY DESTINATION TYPE, USD, NORTH AMERICA, 2017-2029
- Figure 71:
- VALUE SHARE OF COURIER, EXPRESS AND PARCEL MARKET BY DESTINATION TYPE, %, NORTH AMERICA, 2017-2029
- Figure 72:
- VALUE OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 73:
- VOLUME OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET, NUMBER OF PARCELS, NORTH AMERICA, 2017-2029
- Figure 74:
- VALUE SHARE OF DOMESTIC COURIER, EXPRESS AND PARCEL MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 75:
- VALUE OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET, USD, NORTH AMERICA, 2017-2029
- Figure 76:
- VOLUME OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET, NUMBER OF PARCELS, NORTH AMERICA, 2017-2029
- Figure 77:
- VALUE SHARE OF INTERNATIONAL COURIER, EXPRESS AND PARCEL MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 78:
- VALUE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, USD, NORTH AMERICA, 2017-2029
- Figure 79:
- VALUE SHARE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, %, NORTH AMERICA, 2017-2029
- Figure 80:
- VALUE OF AIR FREIGHT FORWARDING MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF AIR FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 82:
- VALUE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 84:
- VALUE OF OTHERS FREIGHT FORWARDING MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 85:
- VALUE SHARE OF FREIGHT FORWARDING MARKET'S OTHERS SEGMENT BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 86:
- VOLUME OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, USD, NORTH AMERICA, 2017-2029
- Figure 87:
- VALUE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, USD, NORTH AMERICA, 2017-2029
- Figure 88:
- VALUE SHARE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, %, NORTH AMERICA, 2017-2029
- Figure 89:
- VALUE OF AIR FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 90:
- VOLUME OF AIR FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2029
- Figure 91:
- VALUE SHARE OF AIR FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 92:
- VALUE OF PIPELINES FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 93:
- VOLUME OF PIPELINES FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2029
- Figure 94:
- VALUE SHARE OF PIPELINES FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 95:
- VALUE OF RAIL FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 96:
- VOLUME OF RAIL FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2029
- Figure 97:
- VALUE SHARE OF RAIL FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 98:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 99:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2029
- Figure 100:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 101:
- VALUE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 102:
- VOLUME OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, TON-KM, NORTH AMERICA, 2017 - 2029
- Figure 103:
- VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 104:
- VALUE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, USD, NORTH AMERICA, 2017-2029
- Figure 105:
- VALUE SHARE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, %, NORTH AMERICA, 2017-2029
- Figure 106:
- VALUE OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 107:
- VOLUME OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, NORTH AMERICA, 2017 - 2029
- Figure 108:
- VALUE SHARE OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 109:
- VALUE OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 110:
- VOLUME OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, NORTH AMERICA, 2017 - 2029
- Figure 111:
- VALUE SHARE OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET BY END USER INDUSTRY, %, NORTH AMERICA, 2022 V/S 2029
- Figure 112:
- VALUE OF OTHER SERVICES SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 113:
- VALUE OF FREIGHT AND LOGISTICS MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 114:
- VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY COUNTRY, %, NORTH AMERICA, 2017-2029
- Figure 115:
- VALUE OF CANADA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 116:
- VALUE OF MEXICO SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 117:
- VALUE OF UNITED STATES SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 118:
- VALUE OF REST OF NORTH AMERICA SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 119:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2017-2023
- Figure 120:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2017 - 2023
- Figure 121:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Freight And Logistics Industry Segmentation
Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function. Canada, Mexico, United States are covered as segments by Country.
- The North American logistics market is currently being driven by several factors. The increasing demand for foreign goods in emerging economies, such as Indonesia, Thailand, and India, specifically imported from North American countries, acts as one of the major forces that are catalyzing the growth of the logistics market in the North American region. As a result of increasing trade volumes in the countries across the region, the demand for goods in the North American region witnessed a steep rise. In 2022, the North American logistics market grew by 5.31% on a YoY basis.
- North America's trade with Europe has also grown. In 2019, the volume of Europe-North America air trade accounted for about 3.4 million tons. Five countries accounted for 67% of the European-North American air trade in 2019. Germany held the highest share, which was 22.4%, followed by the United Kingdom and France, which held shares of 15.6% and 10.3%, respectively.
- Under North America's commodity trade with Europe, electricals accounted for 26% of the total volume, the commodity division with the largest share. The second-highest commodity was chemical and related products, which held an air trade share of 13%. As of 2022, the overall exports from North America rose to USD 3.32 trillion, which was up from USD 2.50 trillion in 2021.
| End User Industry | |
| Agriculture, Fishing and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Logistics Function | |||||||||
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| Other Services |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
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Market Definition
- CABOTAGE - Road transport by a motor vehicle registered in a country performed on the national territory of another country.
- CONTAINERIZATION - Road freight transport in the form of containerized as well as non-containerized road freight transport is considered in the study.
- CONTAINERIZED CARGO - Containerized cargo means general goods, commodities or wares that are shipped in non-dContainerized cargo means general goods, commodities or wares that are shipped in non-disposable, reusable, commercial sized shipping containersisposable, reusable, commercial sized shipping containers
- CROSS TRADE - International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
- DISTANCE TYPES - Both long haul and short haul road freight transport markets are considered in the study.
- DOMESTIC ROAD FREIGHT TRANSPORT - Domestic Road Freight Transportation includes all the freight activity within the country comprising both inter-state and intra state fright flows
- END USER - Road Freight Transport market is analyzed based on the major end users viz. Oil & Gas, Mining & Quarrying, Construction, Manufacturing,Wholesale & Retail Trade, Agriculture, Fishing & Forestry among other end users
- FULL TRUCKLOAD - Full Truckload shipping is the movement of large amounts of homogeneous cargo, generally the amount necessary to fill an entire semi-trailer or intermodal container. A Full truckload carrier is a trucking company that generally contracts an entire trailer-load to a single customer.
- INTERNATIONAL ROAD FREIGHT TRANSPORT - International road freight transport refers to the cross-border transportation or flow of freight across international borders.
- LESS THAN TRUCKLOAD - LTL refers to “Less-than-Truck Load”, a mode of freight transport that offers flexible options when the amount of cargo needing to be moved does not fill a full truck load (FTL) but is too large or heavy for parcel shipping.
- LIQUID GOODS - Liquid Goods include all goods which are liquid in nature (crude petroleum, oil, gasoline, liquid fertilizers, alcoholic and non-alcoholic beverages to name a few)
- LONG HAUL ROAD FREIGHT TRANSPORT - Long-distance trucking (Long Haul) establishments carry goods between metropolitan areas or cross border. (greater than or equal to 100 miles)
- NON- CONTAINERIZED CARGO - Non-Containerised Cargo refers to goods shipped in pieces separately without the use of a container. These goods are shipped in crates, bags, boxes, drums, barrels and they are extremely large in sizes/dimensions.
- PRODUCT TYPES - Both solid and liquid goods are considered in terms of the type of products transported, in the study.
- ROAD FREIGHT TRANSPORT - Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
- SHORT HAUL ROAD FREIGHT TRANSPORT - Local trucking (Short Haul) establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. (upto 99 miles)
- SOLID GOODS - Solid Goods include all goods which are solid in nature (coal, building stone, gravel, motorized vehicles, electronics, machinery to name a few)
- TEMPERATURE CONTROL - Temperature controlled as well as non-temperature-controlled transport of freight through road, is considered in the scope of the study
- TRUCKLOAD SPECIFICATION - For the purpose of this study, both less-than truckload and full-truckload road freight markets are taken into consideration.
| Keyword | Definition |
|---|---|
| Demographics | To analyse the demand, population growth and forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities, population density and final consumption expenditure (growth and share % of GDP). Fluctations in demand, consumption expenditure and the hotspots of demand in terms of major cities have been analysed, in this indistry trend. |
| GDP Distribution by Economic Activity | The Gross Domestic Product and the distribution of the same across major segments have been studied and presented in this industry trend. It represents the major sectors contributing toward GDP in the given geography. As GDP is positively related to the profit, the profits of the logistics sector has been analysed based on this variable. Also, the potential major contributors towards logistics demand have also been analysed alongside this by studying the input-output tables/ supply-use tables. |
| GDP Growth by Economic Activity | The Gross Domestic Product and the growth of the same across major segments have been studied and presented in this industry trend. It represents the major growing sectors in the given geography. Logistics demand is generated from all the other segments, and hence the potential growth in demand from various sectors has been analysed and presented, in this industry trend. |
| Inflation | Both Wholesale Price inflation (YoY change in producer price index) and consumer price inflation have been presented in this industry trend. Supply chain inflation directly impacts logistics and manufacturing costs, e.g., spending on raw materials, energy and goods transport. In an inflationary environment, the supply chain might not run smoothly. Hence, the infaltionary evironment and the impact of same has been presented, in this industry trend. |
| Trends in E-Commerce Industry | Online shoppers require fast and efficient delivery of their orders. This has led to an increase in the demand for logistics services especially a boom in fulfilment service provders. Hence, the historial and projected growth in e-commerce industry has been analysed and presented. Also, a breakup of the major e-commerce sectors by GMV has been presented for the base year, in this industry trend. |
| Trends in Manufacturing Industry | Manufacturing involves the transformation of raw materials into finished products, while logistics ensures the efficient flow of the raw materials from extraction point to the factory and the transport of manufactured products from the production floor to the end consumer. Both elements are critical for a seamless supply chain. Hence, growth of manufacturing industry over the review period has been analysed and presented. Also, a breakup of the major manufacturing sectors by GVA has been presented for the base year, in this industry trend. |
| Transport and Storage Sector GDP | Transport and Storage Sector GDP has direct relation to the market of freight and logistics market. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP. |
| Export Trends and Import Trends | Research reported across the sources has proven that the overall logistics performance is positively and statistically significantly correlated with exports and imports of the country. Hence, trade has been studied over the review period and presented. As part of this study, major commodities/ commodity groups exported-imported and the major export-import partners have been analysed alongside impact of major related investments, in this industry trend. |
| Fuel Price | Fuel price spikes can cause delays and diruption for freight management organizations, while price drops can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been stidied over the review period and presented. |
| Trucking Operational Costs | One of the prime reasones for measuring logistics performance is to reduce operating costs. On the other hand, measuring operating costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved assets. Hence, tucking operational costs and the variables involved viz. driver wages & benefits, fuel, repairs & maintenance, tyres etc have been studied over the review period and presented for the base year, in this industry trend. |
| Trucking Fleet Size By Type | The distribution of truck parc volume by type of truck has been presented in this industry trend. |
| Logistics Performance | Research reported across the sources has indiacted that logistics performance is positively impacted by supply chain management strategy and that both logistics performance and supply chain management strategy positively impact marketing performance, which in turn positively impacts financial performance. Hence, the logistics performance of the country/ set of countries defined in scope has been analysed and presented for the review period, in this industry trend. |
| Major Truck Suppliers | The distribution of truck sales volume by truck brand has been presented in this industry trend for the base year. |
| Modal Share | This industry trend represents the pie share for each mode of transport in terms of tonnage handled as well as freight volume i.e. tonkm |
| Maritime Fleet Load Carrying Capacity | This industry trend represents the maritime fleet load carrying capacity for the geography, over the review period. Capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo among other ships is presented. |
| Liner Shipping Connectivity | This industry trend analyses the state of connectivity of the country under consideration to the global shipping networks based on the status of their maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices. |
| Port Calls and Performance | The performance of ports is key to any country's freight movement and connectivity. Hence, the port perfomance paramters like median time spent by vessels in the ports; average age, size, cargo carrying capcity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented int his industry trend. |
| Freight Pricing Trends | Freight pricing by mode of transport, over the review period, has been present in this industry trend. |
| Freight Tonnage Trends | Freight tonnage handled by mode of transport, over the review period, has been present in this industry trend. |
| Infrastructure | As infrastructure playes a vital role in any country's logistics performance, variables like length of roads, rail length, containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend. |
| Port Throughput | It reflects the amount of cargo or number of vessels the port handles over time. It can be represented in terms of (1) cargo tonnage, (2) container TEU, and (3) vessel calls |
| Producer Price Inflation | Inflation from the viewpoint of the producers; the average selling price they receive for their output over a period of time. |
| Liner Shipping Connectivity Index | It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. |
| Liner Shipping Bilateral Connectivity Index | It indicates a country pair's integration level into global liner shipping networks |
| Port Liner Shipping Connectivity Index | It reflects a port's position in the global liner shipping network. A higher value is associated with better connectivity. |
| Consumer Price Inflation | Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. |
| Final Consumption Expenditure | Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data provided is in current USD. |
| OTHER TERMINOLOGY USED | |
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage. |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination—which, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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