 | • レポートコード：MRC2106A066 • 出版社/出版日：Mordor Intelligence / 2021年5月20日 • レポート形態：英文、PDF、120ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：物流 |
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レポート概要
| 本調査レポートでは、LTL（小口トラック輸送）のアメリカ市場について調査・分析を行い、イントロダクション、調査手法、エグゼクティブサマリー、市場インサイト・動向、宛先別分析、エンドユーザー別分析、競争状況、市場の未来などを掲載しています。 |
The United States Less-than-truckload Market is expected to grow at a CAGR of more than 2% through the forecast period.
The United States trucking market during the COVID-19 pandemic has offered a roller coaster experience of supply to demand as well as pricing at unprecedented levels. One of the many contributing factors is the demand placed on trucking and intermodal around the port regions. Approximately six months into COVID-19, One major impact has been undeliverable shipments because the receiver was closed due to non-essential business closures, or it had an outbreak that necessitating a temporary closure to quarantine exposed individuals and clean the facilities.
Trucking serves as a barometer of the U.S. economy, representing 72.5% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 11.84 billion tons of freight in 2019. Motor carriers collected USD 791.7 billion, or 80.4% of total revenue earned by all transport modes.
US less-than-truckload (LTL) carriers experienced a hard-braking event in 2019, as the freight boom of 2018 boomeranged back to the type of soft market last seen in 2015 and 2016. A slowdown in United States manufacturing and tumbling truckload spot market rates seemed to suck the freight from trailers at many LTL companies, although many managed to increase revenue.
There are clear parallels between 2015-16 and 2019. Both periods were “soft patches” of slower economic growth, rather than recessions, although freight volumes contracted.
Throughout 2019, large LTL carriers doubled down on their efforts to build freight density, improve hub-and-spoke terminal networks, and bolster profits. Old Dominion Freight Line (ODFL), for example, continued to expand its network, while Estes Express diversified services through acquisition and the application of new technology and Saia added several terminals in the Northeast.
Key Market Trends
Growth in E-Commerce to boost the LTL Market
E-commerce continues to transform the retail landscape in the United States and consumer confidence remains relatively high as online shopping and mobile e-commerce provides new ways to shop for and buy goods and services.
The United States ranks as the second-largest e-commerce market in the world, second only to China in terms of sales.
Despite appearing to be a highly established market, the United states offers significant opportunity for e-commerce growth due to the fact that e-commerce is still a minor shopping channel in the country. Online shopping in the United states accounts for just 8.9% of overall retail sales; there is still plenty of room for the market to grow and to steal share from traditional bricks-and-mortar commerce.
According to industry reports, the LTL segment will benefit from the growth of e-commerce. LTL volume growth will reflect increases in consumer spending, business investment, foreign trade, and domestic manufacturing. LTL will benefit from online shopping expanding at almost twice the rate of total non-auto retailing.
UPS, FedEx, and their regional competition will be challenged by and yet grow from residential-driven e-commerce. LTL tonnage will not immediately have the support of recoveries in housing, construction, and light vehicle sales, instead of in recovery LTL carrier tonnage will reflect the evolving product/commodity mix.
Growing trucking industry in the country
Despite contraction during 2020, the long-term trend for both trucking and overall freight shipments remains positive. According to industry reports, Trucking volumes are expected to rebound in 2021, rising 4.9% next year and then growing 3.2% per year on average through 2026.
Trucking companies are reporting stronger freight demand as retailers and manufacturers move to restock depleted inventories, in a sign of strengthening corporate confidence in the United States economy.
Trucking rates in the US are continuing to climb, with little relief in sight for shippers. Demand is expected to remain strong through the year 2021, costs for truckers have gone up and recent contracts have shown mid-to-high single-digit rate increases.
This growth in the industry is likely an effect of the trucking capacity crisis. Full truckload can’t handle the capacity crisis, and LTL is stepping in as the solution to save cost and time. Because of LTL’s efficiency, flexibility, speed, reduced cost, streamlined routes, and simplified shipping plans, more and more retailers are partnering with LTL companies.
Competitive Landscape
The market is concentrated due to the complexities involved in the LTL market. The top 25 companies make most of the revenue. The market is dominated by FedEx, XPO logistics, ODFL, YRC Freight. FedEx and UPS are the two significant players for cross-border and small parcel shipping.
The major and growing LTL carriers are those that invest in new technology to reduce costs, optimize capacity, and expand their network. LTL companies that implement technology are seeing significant benefits over their non-tech counterparts.
Companies have highly developed and sophisticated information technology systems that allow them the information to provide better service at a lower cost.
Reasons to Purchase this report:
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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview (Current Market Scenario of Market and Economy)
4.2 Government Regulations and Initiatives
4.3 Technological Trends
4.4 Impact of COVID-19 on the Market (Short-term and Long-term Effect on the Market and Economy)
4.5 Overview of Trucking Industry in United States
4.6 Market Drivers
4.7 Market Restraints/Challenges
4.8 Market Opportunities
4.9 Industry Attractiveness – Porter’s Five Forces Analysis
4.9.1 Threat of New Entrants
4.9.2 Bargaining Power of Buyers/Consumers
4.9.3 Bargaining Power of Suppliers
4.9.4 Threat of Substitute Products
4.9.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value)
5.1 By Destination
5.1.1 Domestic
5.1.2 International
5.2 By End User
5.2.1 Manufacturing
5.2.2 Retail (Include E-commerce)
5.2.3 Healthacre and Pharmaceuticals
5.2.4 Agriculture
5.2.5 Other End Users
6 COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration Overview, Major Players)
6.2 Company Profiles
6.2.1 FedEx
6.2.2 XPO Logistics
6.2.3 YRC Freight
6.2.4 Old Dominion Freight Line
6.2.5 UPS
6.2.6 Estes Express Lines
6.2.7 ABF Freight System
6.2.8 R+L Carriers
6.2.9 Southeastern Freight Lines
6.2.10 Averitt Express
6.3 Other Companies
7 FUTURE OF THE MARKET
8 APPENDIX