DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mgwdcb/less_than) has announced the addition of the "Less Than Truckload (LTL) Market in the US 2014-2018" report to their offering.
The Less Than Truckload market in the US to grow at a CAGR of 6.78 percent over the period 2013-2018.
Less than truckload (LTL) service is a type of road freight transportation used for shipments of relatively small freight. The shipments transported through LTL's generally weigh less-than 10,000 pounds. An LTL freight does not utilize the full capacity of a semi-trailer. LTL carriers take less transit time for transportation of shipments compared to full-truckload service providers. In addition, using a LTL carrier is cost effective for customers as 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. They also provide strategic and operational value to many shippers worldwide. Currently, LTL service providers are improving logistics by introducing innovations in SCM.
One of the major trends in the market is an increase in mergers and acquisitions, which will enable companies to expand their customer base, and product and service portfolio. LTL service providers are increasingly offering value-added services, which could propel the demand for LTL services during the forecast period.
According to the report, one of the main drivers of the LTL market in the US is a developed logistics infrastructure. The growth of the market is driven by developed roads and highways that provide seamlessly smooth movement of freight, which reduces transportation time.
Further, the report states that the rising costs of fuel increases the costs of operation for LTL services. The prices of oil and gas fluctuate in the US because of varying oil production worldwide. The rising fuel costs are expected to add to the operational expenses causing a decline in the growth of the LTL market in the US.
- United Parcel Service
- YRC Worldwide
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- LTL Market in the US
- Market Segmentation by LTL Carriers
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/mgwdcb/less_than