Automotive and Transportation

Less than Truckload Market in the US 2015-2019

  • TEC250669
  • 68 Pages
  • June 2015
  • Automotive and Transportation
About Less Than Truckload

Less than truckload (LTL) service is a type of transportation used for shipments that usually weigh less-than 10,000 pounds. An LTL freight does not utilize the full capacity of a semi-trailer. The transit time of LTL carriers is less than that of full-truckload service providers. In addition, using an LTL carrier is cost effective for customers as the shipment is transported for a fraction of the cost of hiring an entire truck. Often, LTL service providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging. Currently, LTL service providers are improving logistics by introducing innovations in SCM.

Technavio's analysts forecast the less than truckload market in the US to grow at a CAGR of 8.15% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and growth prospects of the less than truckload market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated by LTL freight service providers. It also presents the vendor landscape and corresponding detailed analysis of the top four vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also summarizes the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio's report, Less Than Truckload Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also segments the market based on the types of LTL carriers operating in the US market.

Key Vendors
Con-way
FedEx
United Parcel Service
YRC Worldwide

Other Prominent Vendors
A. Duie Pyle
AAA Cooper
ABF Freight System
Averitt Express
Central Transport International
Daylight Transport
Dayton Freight Lines
Estes Express Lines
New England Motor Freight
Oak Harbor Freight Lines
Old Dominion Freight Line
Pitt Ohio Express
R+L Carriers
Roadrunner Transportation
Saia
Southeastern Freight Lines
Ward Transport and Logistics
Wilson Trucking
YRC Regional

Market Driver
Outsourcing of logistics
For a full, detailed list, view our report

Market Challenge
Shortage of skilled truck drivers
For a full, detailed list, view our report

Market Trend
Increase in M&A
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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