How Global Local General Freight Trucking Market Players Should Strategize For 2022-2031

The global local general freight trucking market size is expected to grow from $121.99 billion in 2021 to $126.07 billion in 2022 at a compound annual growth rate (CAGR) of 3.3%. The local general freight trucking market is then expected to grow to $136.75 billion in 2026 at a CAGR of 2.1%.

What is the Global Local General Freight Trucking Market?

The local general freight trucking market consists of sales of local general freight trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area that may cross state lines. Generally, the trips are same-day returns. Only goods and services traded between entities or sold to end consumers are included.

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What drives the Global Local General Freight Trucking Market?

The increase in e-commerce sales is expected to fuel the growth of the local freight trucking market in the coming years. E-Commerce refers to the purchasing and sale of products and services on the Internet. The e-commerce industry relies on trucking to move their items from one location to another and impacts the trucking industry directly. For instance, according to the US Census Bureau, in 2020, the USA consumers spent $211.5 billion in the second quarter and increased by 31.8% from the previous quarter. The increase in e-commerce sales increases the demand to transport the goods and thereby drives the growth of the local freight trucking market.

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Global Local General Freight Trucking Market Segments
The global local general freight trucking market is segmented:
By Type: Truckload Transportation, Less-than-Truckload Transportation, Intermodal Transportation, Dry-Bulk Transportation, Others
By Size: Heavy Trucks, Medium Trucks, Light Trucks
By Application: Oil and Gas, Industrial and Manufacturing, Energy and Mining, Food and Beverages, Pharmaceuticals and Healthcare, Others
By Geography: The regions covered in the local general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Local General Freight Trucking Global Market Report 2022provides market size and growth forecasts for the global local general freight trucking market, global local general freight trucking market share, local general freight trucking market segments and geographies, local general freight trucking market competitive landscape including leading competitors’ revenues, profiles and market shares. The local general freight trucking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Local General Freight Trucking Industry Playersinclude YRC Worldwide Inc, JB Hunt Transport Services Inc., FedEx Corporation, XPO Logistics Inc, Knight-Swift Transportation Holdings Inc, American Rail Center Logistics, DHL, United Parcel Service, Challenger Motor Freight Inc, Creed Freight System, JR Traffic Service, LEASE-SERV TRANSPORTATION, Schneider national, Landstar, and Swift Transportation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.