United States Less than Truckload Road Freight Transport Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The United States Less than Truckload Road Freight Transport Market is segmented by End User ( Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others ) and by Destination ( Domestic, International )

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US Less than Truckload Road Freight Transport Market Size

United States Less than Truckload Road Freight Transport Market
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https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Base Year For Estimation 2021
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR 3.72 %
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Wholesale and Retail Trade
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Oil and Gas, Mining and Quarrying
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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US Less than Truckload Road Freight Transport Market Analysis

The United States Less than Truckload Road Freight Transport Market is projected to register a CAGR of 3.72%

  • Largest Segment by Destination - Domestic : The domestic segment dominated the international trucking segment in the United States less than truckload market as all freight tonnage moved throughout the United States has been gaining a faster momentum over the past few years.
  • Largest Segment by End User - Wholesale and Retail Trade : The wholesale and retail trade sector, which has a market share of 11.9% and is the largest contributor to United States' GDP, makes up the majority of the road freight transport market in the country.
  • Fastest Growing Segment by End User - Oil and Gas, Mining and Quarrying : The oil and gas, mining and quarrying segment is the fastest growing segment with the United States crude production expected to reach a record high of 13 million barrels per day (bpd) in 2023 as demand for exports grows.
  • Fastest Growing Segment by Destination - Domestic : Driver shortages, restrictions on cross-border transportation during the pandemic, and stricter border controls all contributed to the domestic segment's faster percentage share growth throughout the historical period.

US Less than Truckload Road Freight Transport Market Trends

This section covers the major market trends shaping the US Less than Truckload Road Freight Transport Market according to our research experts:

Wholesale and Retail Trade is the largest segment by End User.

  • In 2020, despite the impact of the pandemic, the end-user segment of the less-than truckload market experienced a growth of 1.62% YoY in volumes due to its recovery from the impact of the recession. In 2020, the wholesale and retail trade segment had the maximum share of around 30.20% and reached 294.9 bn ton-km in volumes, followed by the manufacturing sector with a share of 27.30% and reached 266 bn ton-km in volumes.
  • Similarly, in 2021, the end-user segment experienced a growth of 4.44% as the economy of the United States recovered from the first wave of COVID-19. In 2021 as well, the wholesale and retail trade segment had the maximum share, followed by the manufacturing sector. The contribution of the wholesale and retail trade sector to the US GDP experienced a growth of 13.20% YoY in value in 2021.
  • During the forecast period, the manufacturing segment is expected to witness the highest CAGR of 6.36%, followed by the wholesale and retail trade segment with a CAGR of 3.95%. The manufacturing segment is expected to increase during the forecast period as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. Similarly, the wholesale and retail trade segment is expected to grow as the retail sales in the United States are projected to amount to USD 7.9 trillion by 2026, up from around USD 6.6 trillion in 2021.
United States Less than Truckload Road Freight Transport Market

US Less than Truckload Road Freight Transport Industry Overview

The United States Less than Truckload Road Freight Transport Market is fragmented, with the top five companies occupying 26.63%. The major players in this market are C.H. Robinson, FedEx, United Parcel Service (UPS), XPO Logistics Inc. and Yellow Corporation (sorted alphabetically).

US Less than Truckload Road Freight Transport Market Leaders

  1. C.H. Robinson

  2. FedEx

  3. United Parcel Service (UPS)

  4. XPO Logistics Inc.

  5. Yellow Corporation

*Disclaimer: Major Players sorted in no particular order

United States Less than Truckload Road Freight Transport Market
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US Less than Truckload Road Freight Transport Market News

  • May 2022: In September 2021, Fedex had collaborated with Aurora and Paccar to test autonomous linehaul technology. Following up on this collaboration, in May 2022, Aurora expanded autonomous freight pilot with FedEx in Texas.
  • May 2022: Landstar System provides Landstar Clarity™, a new freight-tracking exception-management tool. With this tool, location data from trucks can be updated every 15 minutes and it also has many more features for problem-solving along the supply chain.
  • April 2022: XPO Logistics has opened two new Less-Than-Truckload (LTL) terminals and expanded its Less-Than-Truckload (LTL) capacity in Southern California and Atlanta metro area.

US Less than Truckload Road Freight Transport Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study​

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. GDP Distribution By Economic Activity

    2. 4.2. GDP Growth By Economic Activity

    3. 4.3. Wholesale Price Inflation

    4. 4.4. Economic Performance And Profile

    5. 4.5. Transport And Storage Sector GDP

    6. 4.6. Logistics Performance

    7. 4.7. Modal Share Of Freight Transport Sector

    8. 4.8. Length Of Roads

    9. 4.9. Export Trends

    10. 4.10. Import Trends

    11. 4.11. Fuel Pricing Trends

    12. 4.12. Trucking Operational Costs

    13. 4.13. Trucking Fleet Size By Type

    14. 4.14. Major Truck Suppliers

    15. 4.15. Road Freight Tonnage Trends

    16. 4.16. Road Freight Pricing Trends

    17. 4.17. Regulatory Framework

    18. 4.18. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. End User

      1. 5.1.1. Agriculture, Fishing And Forestry

      2. 5.1.2. Construction

      3. 5.1.3. Manufacturing

      4. 5.1.4. Oil And Gas, Mining And Quarrying

      5. 5.1.5. Wholesale And Retail Trade

      6. 5.1.6. Others

    2. 5.2. Destination

      1. 5.2.1. Domestic

      2. 5.2.2. International

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. C.H. Robinson

      2. 6.4.2. Deutsche Post DHL Group

      3. 6.4.3. FedEx

      4. 6.4.4. Knight-Swift Transportation

      5. 6.4.5. Landstar System Inc.

      6. 6.4.6. Schneider

      7. 6.4.7. United Parcel Service (UPS)

      8. 6.4.8. Werner Enterprises Inc.

      9. 6.4.9. XPO Logistics Inc.

      10. 6.4.10. Yellow Corporation

  7. 7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS

  8. 8. APPENDIX

    1. 8.1. Global Logistics Market Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter’s Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

    7. 8.7. Currency Exchange Rate

List of Tables & Figures

  1. Figure 1:  
  2. DISTRIBUTION OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, UNITED STATES, SHARE %, 2021
  1. Figure 2:  
  2. GROWTH OF GROSS DOMESTIC PRODUCT BY ECONOMIC ACTIVITY, UNITED STATES, CAGR %, 2016 – 2021
  1. Figure 3:  
  2. WHOLESALE PRICE INFLATION RATE, UNITED STATES, PERCENTAGE (%), 2016 – 2021
  1. Figure 4:  
  2. TRENDS IN E-COMMERCE INDUSTRY, UNITED STATES, VALUE, USD, 2016 – 2021
  1. Figure 5:  
  2. TRENDS IN E-COMMERCE INDUSTRY BY SECTOR, UNITED STATES, SHARE %, 2021
  1. Figure 6:  
  2. TRENDS IN MANUFACTURING INDUSTRY, UNITED STATES, VALUE, USD, 2016 – 2021
  1. Figure 7:  
  2. TRENDS IN MANUFACTURING INDUSTRY BY SECTOR, UNITED STATES, SHARE %, 2021
  1. Figure 8:  
  2. TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, UNITED STATES, VALUE, USD, 2016 – 2021
  1. Figure 9:  
  2. TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT, UNITED STATES, SHARE %, 2016 – 2021
  1. Figure 10:  
  2. LOGISTICS PERFORMANCE, UNITED STATES, RANK, 2010 – 2018
  1. Figure 11:  
  2. MODAL SHARE OF FREIGHT TRANSPORT SECTOR, UNITED STATES, SHARE %, BY VOLUME (TONS), SHARE%, 2021
  1. Figure 12:  
  2. LENGTH OF ROADS BY TYPE OF SURFACE, UNITED STATES, SHARE %, 2021
  1. Figure 13:  
  2. LENGTH OF ROADS BY TYPE OF ROAD, UNITED STATES, SHARE %, 2021
  1. Figure 14:  
  2. VALUE OF EXPORTS, UNITED STATES, USD, 2016-2021
  1. Figure 15:  
  2. VALUE OF IMPORTS, UNITED STATES, USD, 2016-2021
  1. Figure 16:  
  2. FUEL PRICE BY TYPE OF FUEL, UNITED STATES, USD PER LITRE, 2016-2021
  1. Figure 17:  
  2. TRUCKING OPERATIONAL COSTS, UNITED STATES, SHARE %, 2021
  1. Figure 18:  
  2. TRUCKING FLEET SIZE BY TYPE, UNITED STATES, SHARE %, 2021
  1. Figure 19:  
  2. MAJOR TRUCK SUPPLIER BRANDS, UNITED STATES, SHARE %, 2021
  1. Figure 20:  
  2. ROAD FREIGHT TRANSPORT LOAD PICKED, UNITED STATES, TONS, 2016-2028
  1. Figure 21:  
  2. ROAD FREIGHT TRANSPORT RATES, UNITED STATES, USD/TON-KM, 2016-2021
  1. Figure 22:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, VOLUME, TON-KM, 2016 - 2028
  1. Figure 23:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, VALUE, USD, 2016 - 2028
  1. Figure 24:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, BY END USER, VOLUME, TON-KM, 2016 - 2028
  1. Figure 25:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, BY END USER, VALUE, USD, 2016 - 2028
  1. Figure 26:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY END USER, 2016 - 2028
  1. Figure 27:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VOLUME, TON-KM, 2016 - 2028
  1. Figure 28:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, AGRICULTURE, FISHING AND FORESTRY, VALUE, USD, 2016 - 2028
  1. Figure 29:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VOLUME, TON-KM, 2016 - 2028
  1. Figure 30:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, CONSTRUCTION, VALUE, USD, 2016 - 2028
  1. Figure 31:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VOLUME, TON-KM, 2016 - 2028
  1. Figure 32:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, MANUFACTURING, VALUE, USD, 2016 - 2028
  1. Figure 33:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VOLUME, TON-KM, 2016 - 2028
  1. Figure 34:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, OIL AND GAS, MINING AND QUARRYING, VALUE, USD, 2016 - 2028
  1. Figure 35:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VOLUME, TON-KM, 2016 - 2028
  1. Figure 36:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, WHOLESALE AND RETAIL TRADE, VALUE, USD, 2016 - 2028
  1. Figure 37:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, OTHERS, VOLUME, TON-KM, 2016 - 2028
  1. Figure 38:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, OTHERS, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VOLUME, TON-KM, 2016 - 2028
  1. Figure 40:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, BY DESTINATION, VALUE, USD, 2016 - 2028
  1. Figure 41:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, SHARE(%), VALUE, BY DESTINATION, 2016 - 2028
  1. Figure 42:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VOLUME, TON-KM, 2016 - 2028
  1. Figure 43:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, DOMESTIC, VALUE, USD, 2016 - 2028
  1. Figure 44:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VOLUME, TON-KM, 2016 - 2028
  1. Figure 45:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, INTERNATIONAL, VALUE, USD, 2016 - 2028
  1. Figure 46:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 47:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 48:  
  2. UNITED STATES LESS THAN TRUCKLOAD ROAD FREIGHT TRANSPORT MARKET SHARE(%), BY MAJOR PLAYERS, 2021

US Less than Truckload Road Freight Transport 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. Domestic, International are covered as segments by Destination.
End User
Agriculture, Fishing And Forestry
Construction
Manufacturing
Oil And Gas, Mining And Quarrying
Wholesale And Retail Trade
Others
Destination
Domestic
International
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Market Definition

  • Vehicle Types - Passenger Vehicles, Commercial Vehicles and Motorcycles are the vehicle types considered under the automotive lubricants market.
  • Product Types - For the purpose of this study, lubricant products such as engine oils, transmission oils, greases and hydraulic fluids are taken into consideration.
  • Service Refill - Service refill is the primary factor considered while accounting the lubricant consumption for each of the vehicle segments, under the study.
  • Factory Fill - First lubricant fill-ups for newly produced vehicles are considered.
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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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US Less than Truckload Road Freight Transport Market Research FAQs

The United States Less than Truckload Road Freight Transport Market size accounted for USD 147.25 billion in 2022 and grow at a CAGR of 3.72% to reach USD 183.28 billion by 2028.

In 2022, the United States Less than Truckload Road Freight Transport Market size accounted for USD 147.25 billion.

C.H. Robinson, FedEx, United Parcel Service (UPS), XPO Logistics Inc. and Yellow Corporation are the major companies operating in the United States Less than Truckload Road Freight Transport Market.

In the United States Less than Truckload Road Freight Transport Market, the Wholesale and Retail Trade segment accounts for the largest share by end user.

In 2023, the Oil and Gas, Mining and Quarrying segment accounts for the fastest growing by end user in the United States Less than Truckload Road Freight Transport Market.

United States Less than Truckload Road Freight Transport Industry Report

Statistics for the 2023 United States Less than Truckload Road Freight Transport market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Less than Truckload Road Freight Transport analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

United States Less than Truckload Road Freight Transport Report Snapshots