Road Freight Transportation Market in North America 2024-2028

The road freight transportation market in North America is forecasted to grow by USD 130.44 mn during 2023-2028, accelerating at a CAGR of 2.47% during the forecast period. The report on the road freight transportation market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a need to increase operational efficiency, increasing cross-border trade, and growth in the e-commerce industry.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	2.25%
CAGR	2.47%
Incremental Value	$130.44mn

Technavio's road freight transportation market in North America is segmented as below:

By Type

Full truckload
Less-than truckload

By Product Type

Solid goods
Liquid goods

This study identifies the use of blockchain in the road transportation industry as one of the prime reasons driving the road freight transportation market in North America growth during the next few years. Also, the use of alternative fuels and the introduction of self-driven trucks will lead to sizable demand in the market.

The report on the road freight transportation market in North America covers the following areas:

Road freight transportation market in North America sizing
Road freight transportation market in North America forecast
Road freight transportation market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading road freight transportation market in North America vendors that include ArcBest Corp., C H Robinson Worldwide Inc., CMA CGM SA Group, Estes Express Lines, FedEx Corp., Hub Group Inc., J B Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., Landstar System Inc., NFI Industries Inc., Old Dominion Freight Line Inc., Penske Corp., R L Carriers Inc., Ryder System Inc., Schneider National Inc., TransForce Inc., United Parcel Service Inc., Werner Enterprises Inc., XPO Inc., and Yellow Corp.. Also, the road freight transportation market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR45013

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)

4 Historic Market Size

4.1 Road freight transportation market in North America 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on road freight transportation market in north America 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Product type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 29: Chart on Type - Market share 2023-2028 (%)
Exhibit 30: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 31: Chart on Comparison by Type
Exhibit 32: Data Table on Comparison by Type
6.3 Full truckload - Market size and forecast 2023-2028
Exhibit 33: Chart on Full truckload - Market size and forecast 2023-2028 ($ million)
Exhibit 34: Data Table on Full truckload - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Chart on Full truckload - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Full truckload - Year-over-year growth 2023-2028 (%)
6.4 Less-than truckload - Market size and forecast 2023-2028
Exhibit 37: Chart on Less-than truckload - Market size and forecast 2023-2028 ($ million)
Exhibit 38: Data Table on Less-than truckload - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Chart on Less-than truckload - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Less-than truckload - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 41: Market opportunity by Type ($ million)
Exhibit 42: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Product Type

7.1 Market segments
Exhibit 43: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 44: Data Table on Product Type - Market share 2023-2028 (%)
7.2 Comparison by Product Type
Exhibit 45: Chart on Comparison by Product Type
Exhibit 46: Data Table on Comparison by Product Type
7.3 Solid goods - Market size and forecast 2023-2028
Exhibit 47: Chart on Solid goods - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Data Table on Solid goods - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Chart on Solid goods - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Solid goods - Year-over-year growth 2023-2028 (%)
7.4 Liquid goods - Market size and forecast 2023-2028
Exhibit 51: Chart on Liquid goods - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Data Table on Liquid goods - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Chart on Liquid goods - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Liquid goods - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product Type
Exhibit 55: Market opportunity by Product Type ($ million)
Exhibit 56: Data Table on Market opportunity by Product Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 60: Chart on Geographic comparison
Exhibit 61: Data Table on Geographic comparison
9.3 US - Market size and forecast 2023-2028
Exhibit 62: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2023-2028 (%)
9.4 Canada - Market size and forecast 2023-2028
Exhibit 66: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 67: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.5 Mexico - Market size and forecast 2023-2028
Exhibit 70: Chart on Mexico - Market size and forecast 2023-2028 ($ million)
Exhibit 71: Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
9.6 Market opportunity By Geographical Landscape
Exhibit 74: Market opportunity By Geographical Landscape ($ million)
Exhibit 75: Data Table on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 76: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 78: Overview on factors of disruption
11.4 Industry risks
Exhibit 79: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 80: Vendors covered
12.2 Market positioning of vendors
Exhibit 81: Matrix on vendor position and classification
12.3 ArcBest Corp.
Exhibit 82: ArcBest Corp. - Overview
Exhibit 83: ArcBest Corp. - Business segments
Exhibit 84: ArcBest Corp. - Key offerings
Exhibit 85: ArcBest Corp. - Segment focus
12.4 C H Robinson Worldwide Inc.
Exhibit 86: C H Robinson Worldwide Inc. - Overview
Exhibit 87: C H Robinson Worldwide Inc. - Business segments
Exhibit 88: C H Robinson Worldwide Inc. - Key news
Exhibit 89: C H Robinson Worldwide Inc. - Key offerings
Exhibit 90: C H Robinson Worldwide Inc. - Segment focus
12.5 CMA CGM SA Group
Exhibit 91: CMA CGM SA Group - Overview
Exhibit 92: CMA CGM SA Group - Business segments
Exhibit 93: CMA CGM SA Group - Key news
Exhibit 94: CMA CGM SA Group - Key offerings
Exhibit 95: CMA CGM SA Group - Segment focus
12.6 FedEx Corp.
Exhibit 96: FedEx Corp. - Overview
Exhibit 97: FedEx Corp. - Business segments
Exhibit 98: FedEx Corp. - Key offerings
Exhibit 99: FedEx Corp. - Segment focus
12.7 Hub Group Inc.
Exhibit 100: Hub Group Inc. - Overview
Exhibit 101: Hub Group Inc. - Product / Service
Exhibit 102: Hub Group Inc. - Key offerings
12.8 J B Hunt Transport Services Inc.
Exhibit 103: J B Hunt Transport Services Inc. - Overview
Exhibit 104: J B Hunt Transport Services Inc. - Business segments
Exhibit 105: J B Hunt Transport Services Inc. - Key offerings
Exhibit 106: J B Hunt Transport Services Inc. - Segment focus
12.9 Knight Swift Transportation Holdings Inc.
Exhibit 107: Knight Swift Transportation Holdings Inc. - Overview
Exhibit 108: Knight Swift Transportation Holdings Inc. - Business segments
Exhibit 109: Knight Swift Transportation Holdings Inc. - Key offerings
Exhibit 110: Knight Swift Transportation Holdings Inc. - Segment focus
12.10 Landstar System Inc.
Exhibit 111: Landstar System Inc. - Overview
Exhibit 112: Landstar System Inc. - Product / Service
Exhibit 113: Landstar System Inc. - Key offerings
12.11 NFI Industries Inc.
Exhibit 114: NFI Industries Inc. - Overview
Exhibit 115: NFI Industries Inc. - Product / Service
Exhibit 116: NFI Industries Inc. - Key offerings
12.12 Old Dominion Freight Line Inc.
Exhibit 117: Old Dominion Freight Line Inc. - Overview
Exhibit 118: Old Dominion Freight Line Inc. - Product / Service
Exhibit 119: Old Dominion Freight Line Inc. - Key offerings
12.13 Ryder System Inc.
Exhibit 120: Ryder System Inc. - Overview
Exhibit 121: Ryder System Inc. - Business segments
Exhibit 122: Ryder System Inc. - Key news
Exhibit 123: Ryder System Inc. - Key offerings
Exhibit 124: Ryder System Inc. - Segment focus
12.14 Schneider National Inc.
Exhibit 125: Schneider National Inc. - Overview
Exhibit 126: Schneider National Inc. - Business segments
Exhibit 127: Schneider National Inc. - Key news
Exhibit 128: Schneider National Inc. - Key offerings
Exhibit 129: Schneider National Inc. - Segment focus
12.15 United Parcel Service Inc.
Exhibit 130: United Parcel Service Inc. - Overview
Exhibit 131: United Parcel Service Inc. - Business segments
Exhibit 132: United Parcel Service Inc. - Key offerings
Exhibit 133: United Parcel Service Inc. - Segment focus
12.16 XPO Inc.
Exhibit 134: XPO Inc. - Overview
Exhibit 135: XPO Inc. - Business segments
Exhibit 136: XPO Inc. - Key offerings
Exhibit 137: XPO Inc. - Segment focus
12.17 Yellow Corp.
Exhibit 138: Yellow Corp. - Overview
Exhibit 139: Yellow Corp. - Product / Service
Exhibit 140: Yellow Corp. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 141: Inclusions checklist
Exhibit 142: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 143: Currency conversion rates for US$
13.4 Research methodology
Exhibit 144: Research methodology
Exhibit 145: Validation techniques employed for market sizing
Exhibit 146: Information sources
13.5 List of abbreviations
Exhibit 147: List of abbreviations