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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