USA Logistics Industry is expected to reach ~ USD 1.5 Trillion in Revenue by 2026F Owning to rise in demand for warehousing, increasing work optimization and Government Initiatives: Ken Research
GURUGRAM, India, Feb. 13, 2023 /PRNewswire/ -- USA Logistics Market is at a growing stage, being driven by the growing demand for warehouse and rising internet penetration rate. USA logistics market is a highly fragmented market having more than 21000+ players in the market, some of the major Logistic companies in the USA are Ups, FedEx, Aeronet, TQL, etc.
- E-Commerce market is a booming sector in USA. The number of internet users has increased and with a penetration rate of more than 89.4%, USA will see a tremendous growth in e-commerce platforms and Facebook online shopping channels in the coming years.
- Digital freight platforms allow truckers and shippers to complete the key steps of transactions online, and monetize through commission as well as other value-added services, expected to grow at a faster rate in future.
Demand for Warehousing: Warehousing growth remained strong in 2020 in spite of COVID situation but the impact has been minimal on companies in logistic space in USA. Net absorption remained stable comparatively with stable asking rents to $6.76 per square foot. E-commerce spurred continued high demand for warehousing space. The pandemic shifted many consumers to online shopping, which boosted needs for warehouse space. Providers, especially of urban last-mile facilities, hurried to keep pace. This effect then outlasted the spring 2020 restrictions placed on physical retail stores.
Freight Logistics Optimization Works (FLOW): The White House recently launched a plan that intends to ease the supply chain bottlenecks in the country. This new initiative primarily hinges on data sharing by all the stakeholders in the supply chain industry. This new project called FLOW (Freight Logistics Optimization Works) is a data-sharing drive that seeks to connect all the stakeholders in the transportation and logistics sector. This includes port authorities, logistics companies, shippers, truckers, manufacturers, retailers and other businesses. This is expected to organize the Sector in future.
Trucking Action Plan: The US Department of Transport launched a Trucking Action Plan to both recruit more truck drivers and improve the quality of existing jobs to tackle the profession's persistently low retention rate. This work includes partnering with the Department of Labor on registered apprenticeship programs, a pilot program for truck drivers between the ages of 18-21 that incorporates registered apprenticeships to ensure safety through rigorous training standards, driver compensation studies, a driver leasing task force, and more.
Technological Advancements: Companies are expected to innovate in every facet of the end-to-end journey in the Supply Chain making use of Big Data, Machine learning, Artificial Intelligence, ASRS technology and more to provide the clients with tailor-made solutions and satisfactory services at competitive rates to stay and survive in the market.
The report titled "USA Logistics Industry Outlook to 2026F: Driven by Infrastructural Investments and Government Support in USA" by Ken Research suggests that the logistics market is further expected to grow in the near future as there is an increase in infrastructure investments and government support to make USA a Logistics hub. The government has established a Policy of Trade which will upgrade the capacities of international logistic enterprises & improve transport infrastructure. USA has large opportunities to grow through enhancement of industrialization, necessary infrastructure and a well-established logistics system. The market is expected to register a positive CAGR ~6.8% in terms of revenue during the forecast period 2021-2026.
Key Segments Covered in USA Logistics Industry:-
USA Logistics Market
- Freight Forwarding
- CEP
- Warehousing
USA Freight Forwarding Market (Volume by Mode of Freight, Revenue, Price per ton per km, Average Distance Travelled)
On the Basis of End-User, 2021 & 2026F
- Food and Beverage
- Industrial & Construction
- Retail, Automotive and Engineering
- Others
On the Basis of Domestic/International, 2021 & 2026F
- Domestic
- International
On the Basis of Mode of Revenue, 2021 & 2026F
- Sea
- Road
- Air
- Rail
USA Warehousing Market (Total Area, Revenue, Average Occupancy Rate, Price per sqm per month)
On the Basis of Type of Warehouse, 2021 & 2026F
- Tech/ Non-Tech
- Organized/ Unorganized
- Racked/ Unracked
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On the Basis of Business Model, 2021 & 2026F
- Industrial/ Retail Warehouses
- Container Freight/ ICDs
- Cold Storage
On the Basis of Type of Area, 2021 & 2026F
- Open
- Closed
On the Basis of End-User, 2021 & 2026F
- Food and Beverage
- Industrial & Construction
- Retail
- Automotive & Engineering
- Pharma
- Others
- Market Segmentation on the basis of Type by regions by warehousing space, 2021 and 2026F
USA CEP Market (number of shipments, Revenue, Average E-Commerce Logistics cost)
On the Basis of Type of Domestic/International, 2021 & 2026F
- Domestic
- International Shipments
On the Basis of Type of Business Model, 2021 & 2026F
- B2B
- B2C
- C2C
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On the Basis of Type of shipment, 2021 & 2026F
- Same Day
- Next Day
- 2 Days
- More than 2 Days
Key Target Audience
- Freight Forwarding Companies
- Warehousing Companies
- Express Delivery Companies
- Investors/ Real Estate Developers
- Government Entities
- New Market Entrants
- Logistics Companies
- E-commerce Industry Players
Time Period Captured in the Report:-
- Historical Period: 2016-2021
- Base Year: 2021
- Forecast Period: 2022-2026
Logistics Companies in USA
Freight and Warehousing Players
- Hub Group
- Cosco Shipping Inc.
- Aeronet Worldwide Inc.
- C.H. Robinson Worldwide Inc.
- UPS Supply Chain
- Expeditors International
- Penske Logistics
- XPO Logistics
- Total Quality Logistics
- FedEx Freight
- J.B. Hunt Transport Services
- Knight-Swift Transportation
- Forward Air Corporation
- Landstar System
- Schneider National
- Werner Enterprises
- U.S. Xpress Enterprises
- Saia
- Averitt Express
- DHL Supply Chain
- Ryder Supply chain Solutions
- Dayton Freight Lines Inc.
- Kuehne + Nagel
- Daseke, Inc.
- Ceva Logistics
- Crane Wordlwide Logistics
- FedEx Logistics
- Trinity Logistics USA
- BDP International
- Apex Logistics
- Nippon Express
- The Port Authority of New York & New Jersey
- American Commercial Lines Inc
- Evergreen Line
- Kirby Corporation
- Mallory Alexander International Logistics
- Odyssey Logistics
- SSA Marine Inc
- Maersk
- CSX Freight Logistics
- Norfolk Southern Corporation
- Union Pacific Corporation
- Kansas City Southern
- BNSF Railway
- Ryder Supply Chain Solutions
- Geodis (North America)
- NFI
- Americold Logistics
- Kenco Logistics Services
- Neovia Logistics
CEP Players
- XPO Logistics
- Amazon
- United Postal Services (UPS)
- DHL Express
- J.B. Hunt Transport Services
- FedEx Express
- TFI International
- LaserShip Inc
- Pace
- United States Postal Services
Key Topics Covered in the Report:-
- Country Overview
- Import and Export Scenario in USA
- Overview of USA's Logistics Infrastructure
- Logistics Infrastructure in USA: Airports, Seaports, Rail Network and Road Network,
- Trends and Developments in Logistics Industry in USA
- SWOT Analysis in Logistics Industry in USA
- Government Initiatives in the USA Logistics Industry
- Issues & Challenges in USA Logistics Market
- Ecosystem of Major Entities in USA Logistics market
- Freight Aggregator Market Along with Business Models
- Technological Innovations in Warehousing Industry
- USA Logistics Current and Future Market Size on the basis of Revenue
- USA Logistics Current and Future Market Segmentations
- Scenario of E-Commerce in USA
- Competition Landscape in Freight Warehousing & CEP Market in USA
For more insights on the market intelligence, refer to below link:-
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