Watch Demo

United States Less than Truckload Road Freight Transport Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

United States Less than Truckload Road Freight Transport Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028
  • Publish Date:January 2023

  • Number of Pages:213

  • Report ID:6381229

  • Format:PDF

  • Publisher:Mordor Intelligence LLP

$ 4750


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

Key Highlights
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.

Key Market Trends

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.

Competitive Landscape

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).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Table of contents



3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology

4.1 GDP Distribution By Economic Activity
4.2 GDP Growth By Economic Activity
4.3 Wholesale Price Inflation
4.4 Economic Performance And Profile
4.5 Transport And Storage Sector GDP
4.6 Logistics Performance
4.7 Modal Share Of Freight Transport Sector
4.8 Length Of Roads
4.9 Export Trends
4.10 Import Trends
4.11 Fuel Pricing Trends
4.12 Trucking Operational Costs
4.13 Trucking Fleet Size By Type
4.14 Major Truck Suppliers
4.15 Road Freight Tonnage Trends
4.16 Road Freight Pricing Trends
4.17 Regulatory Framework
4.18 Value Chain & Distribution Channel Analysis

5.1 End User
5.1.1 Agriculture, Fishing And Forestry
5.1.2 Construction
5.1.3 Manufacturing
5.1.4 Oil And Gas, Mining And Quarrying
5.1.5 Wholesale And Retail Trade
5.1.6 Others
5.2 Destination
5.2.1 Domestic
5.2.2 International

6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 C.H. Robinson
6.4.2 Deutsche Post DHL Group
6.4.3 FedEx
6.4.4 Knight-Swift Transportation
6.4.5 Landstar System Inc.
6.4.6 Schneider
6.4.7 United Parcel Service (UPS)
6.4.8 Werner Enterprises Inc.
6.4.9 XPO Logistics Inc.
6.4.10 Yellow Corporation


8.1 Global Logistics Market Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
8.7 Currency Exchange Rate

Companies Mentioned
 - C.H. Robinson
- Deutsche Post DHL Group
- FedEx
- Knight-Swift Transportation
- Landstar System Inc.
- Schneider
- United Parcel Service (UPS)
- Werner Enterprises Inc.
- XPO Logistics Inc.
- Yellow Corporation


Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.