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Domestic Freight Market in US to Grow Over $ 170 Billion During 2021-2025 | Featuring Vendors Including Deutsche Post DHL Group, DSV Panalpina A/S, and Others | Technavio | National News

LONDON–(BUSINESS WIRE)–Jan 18, 2021–

Technvaio forecast the global domestic freight market in the US to grow by USD 170.10 billion during 2021-2025. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.

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Technavio has announced its latest market research report titled Domestic Freight Market in US 2021-2025 (Graphic: Business Wire).

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Read the 120-page report with TOC on “Domestic Freight Market in US Analysis Report by Product (Bulk freight and General freight), End-user (Road, Rail, and Others), and the Segment Forecasts, 2021-2025”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/domestic-freight-market-in-us-industry-analysis

The domestic freight market in the US is driven by the growth of the e-commerce market. In addition, the consolidation of the logistics market leading to operational efficiency is anticipated to boost the growth of the domestic freight market in the US.

The growth of the e-commerce industry in the US has reduced consumer spending in physical stores and increased the time spent on online shopping. This is encouraging vendors to offer freight logistics services to e-commerce enterprises to meet customer expectations, thereby helping enterprises achieve customer loyalty and repeated sales. Therefore, the rapid growth of the e-commerce industry will positively influence the growth of the domestic freight market in the US during the forecast period.

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Major Five Domestic Freight in US Companies:

C.H. Robinson Worldwide Inc.

C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, and All Other and Corporate. The company provides freight services in the US, such as Truckload, LTL, Ocean, Intermodal, and Chemical and Plastics Logistics.

CEVA Logistics AG

CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company provides road freight and rail freight services in the US.

Deutsche Post DHL Group

Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company provides road freight and rail freight services in the US.

DSV Panalpina A/S

DSV Panalpina A/S operates its business through segments such as Air & Sea, Road, and Solutions. The company provides road freight and air freight services in the US.

FedEx Corp.

FedEx Corp. operates its business through segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company provides domestic shipping services in the US.

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Domestic Freight Market in US Product Outlook (Revenue, USD Billion, 2020-2025)

  • Bulk freight – size and forecast 2020-2025
  • General freight – size and forecast 2020-2025

Domestic Freight Market in US End-user Outlook (Revenue, USD Billion, 2020-2025)

  • Road – size and forecast 2020-2025
  • Rail – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210118005506/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: TRUCKING RAIL MARITIME AIR LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT OTHER TRANSPORT

SOURCE: Technavio Research

Copyright Business Wire 2021.

PUB: 01/18/2021 03:19 PM/DISC: 01/18/2021 03:20 PM

http://www.businesswire.com/news/home/20210118005506/en

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