Global Bulk Liquid Market

Truck transport refers to a mode of transportation of goods that provides over-the-road transportation of cargo using motor vehicles such as trucks and tractor-trailers, which is a big, heavy truck designed to transport cargo from one place to another to deliver services in rural areas and short-distance locations and reduce the risk of damage to goods. The main types in the truck transport market are general freight trucking and specialised freight trucking. General freight trucking specialises in handling and transporting goods in containers locally or long distances. The market is also segmented by size into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The truck transport market research report is one of a series of new reports from The Business Research Company that provides truck transport market statistics, including truck transport industry global market size, regional shares, competitors with a truck transport market share, detailed truck transport market segments, market trends and opportunities, and any further data you may need to thrive in the truck transport industry. This truck transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global truck transport market grew from $1839.85 billion in 2022 to $2000.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The truck transport market is expected to grow to $2727.85 billion in 2027 at a CAGR of 8.1%. Faster Economic Growth: The truck transport market's growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the truck transport market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and harming businesses throughout 2020 and into 2021. However, the truck transport market has started recovering from the shock. Fleet regionalization is being widely adopted by truck transportation companies to reduce operational costs and increase transportation efficiencies. As a result, companies involved in the truck transportation business are gradually shifting their services from the international and national levels to the regional level. Regionalization of fleets enables truck transportation companies to increase operational efficiencies and reduce costs, improving driver and truck turnaround time. Major advantages of fleet regionalization include increased ports of entry, intermodal system capabilities, and shorter travel distances. Major companies in the truck transport market include Xiamen C&D, Cargill Incorporated, FedEx Corporation, United Parcel Service Inc., Toyota Motor Corp, C.H. Robinson Worldwide Inc., XPO Logistics Inc., J. B. Hunt Transport Services, A.P. Møller-Mærsk A/S, and YRC Worldwide Inc. Asia-Pacific was the largest region in the truck transport market in 2022. North America was the second largest region in the truck transport market. The regions covered in The truck transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the truck transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The truck transport market includes revenues earned by entities by transferring or moving cargo, personal effects, or deliveries for businesses between places like residences and workplaces or between the point of production and the point of sale. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global truck transport market is segmented - 1) By Type: General Freight Trucking, Specialized Freight Trucking 2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications 3) By Size: Heavy Trucks, Medium Trucks, Light Trucks Subsegments Covered: Local General Freight Trucking, Long-Distance General Freight Trucking, Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods

Heavy trucks are defined as commercial motor vehicles used for the transportation of goods with a weight of 2.72 tons or more when empty and 4.54 tons or more when loaded. The main types in the heavy truck market are class 5, class 6, class 7, and class 8. Class 8 trucks refer to the class 8 trucks that are used commercially and have great load capacity. The various fuel types include diesel, natural gas, hybrid electric, and gasoline. These are used in construction and mining, freight and logistics, and other applications. The heavy truck market research report is one of a series of new reports from The Business Research Company that provides heavy truck market statistics, including heavy truck industry global market size, regional shares, competitors with a heavy truck market share, detailed heavy truck market segments, market trends and opportunities, and any further data you may need to thrive in the heavy truck industry. This heavy truck market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global heavy trucks market size will grow from $208.31 billion in 2022 to $222.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global heavy trucks market size is expected to grow to $283.71 billion in 2027 at a CAGR of 6.3%. Growth in the demand for heavy trucks from end-users such as in construction, mining, and other sectors is contributing to the growth of the heavy truck manufacturing market. According to executives of leading truck makers, an increase in construction activities boosted the sales of tipper trucks, concrete mixers, and other heavy vehicles. Also, the 2021, according to the American Trucking Association, the revenue of the trucking industry was reported to be $ 875.5 billion. In June 2021, around 4.06 million Class 8 trucks were in operation, 2.3% up from 2020. An increase in demand for heavy trucks from end-users is expected to drive the heavy truck market in the forecast period. The COVID-19 outbreak across the globe has impacted the production and demand for heavy trucks, and this is expected to restrain the heavy truck market during the forecast period. The pandemic has led to restrictive containment measures involving social distancing, remote working, and the closure of several manufacturing units to contain the disease. Such a lockdown norm has led to supply chain disruptions across several industries, including heavy truck manufacturing industries. S&P Global Inc., a financial information and analytics company, indicated that global sales of heavy-duty trucks will decline by 20% to 30% in 2020 due to the COVID-19 impact. Furthermore, by 2021, the sales recovery is expected to be delayed by 10%. Therefore, the COVID-19 outbreak is a major restraining factor that is expected to impact the growth of the heavy truck market negatively. Vehicles fitted with advanced driver-assistive technologies and safety features are new trends in the heavy truck market. Advanced driver-assistive technologies include features like the Collision Mitigation System (CMS) and a Lane Departure Warning System (LDWS), aiming to reduce road accidents and increase vehicle safety. For instance, in 2022, Tata Motors, an Indian-based, commercial vehicle manufacturer, launched India’s first CNG-powered medium and heavy commercial vehicle truck and introduced a new-age, advanced driver assistance system (ADAS) including collision mitigation system, lane departure warning system and driver monitoring system in its best-selling range of trucks including Prima, Signa and Ultra trucks to enhance driving comfort. In April 2021, Battle Motors, a US-based company developing electric vehicle (EV), acquired Crane Carrier Company LLC., manufacturing construction truck and garbage truck chassis, for an undisclosed amount. The acquisition will help Battle Motors to develop Class 7 and 8 vocational truck electrification. Crane Carrier Company (CCC) is a US-based company specializes in manufacturing purpose-built Class 7 and 8 severe-duty trucks. Major players in the heavy trucks market are Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd., TATA motors, Eicher Motors Ltd., Dongfeng Motor Group Company Ltd., Navistar, Ford Motor Company, and Volkswagen. North America was the largest region in the heavy trucks market in 2022. Asia-Pacific was the second-largest region in the global heavy trucks market. The regions in the global heavy trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in heavy trucks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The heavy trucks market consists of sales of 18-wheeler truck, refrigerator truck, dump truck, garbage truck, logging truck, concrete transport truck, tractor unit and tanker truck. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global heavy trucks market is segmented - 1) By Type: Class 5, Class 6, Class 7, Class 8 2) By Fuel: Diesel, Natural Gas, Hybrid Electric, Gasoline 3) By Application: Construction and Mining, Freight and Logistics, Other Applications

Specialized freight trucking is a mode of transportation for household and office goods that uses trucks for short-distance travel and provides delivery of goods in rural areas on the basis of on-demand delivery and custom-based deliveries, and is mostly used for delivery of products that can be ordered through e-commerce platforms. The main types of specialised freight trucking are automobiles and heavy equipment; bulk liquids; dry bulk materials; forest products; and refrigerated goods. Automobiles are passenger vehicles designed for use on public roads, with four wheels and a gasoline or diesel internal-combustion engine.Heavy equipment is used to describe the heavy-duty machines that are used in the construction, forestry, agriculture, and mining industries. These machines are used to move earth and other large materials, but they are also used to drill, lift, grade, suction, plough, and compact. The market is also segmented by size into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The specialised freight trucking market research report is one of a series of new reports from The Business Research Company that provides specialised freight trucking market statistics, including global market size, regional shares, competitors with a specialised freight trucking market share, detailed specialised freight trucking market segments, market trends and opportunities, and any further data you may need to thrive in the specialised freight trucking industry. This specialised freight trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global specialized freight trucking market grew from $980.5 billion in 2022 to $1061.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The specialized freight trucking market is expected to grow to $1418.06 billion in 2027 at a CAGR of 7.5%. The specialised freight trucking market's growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the specialised freight trucking market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the specialized freight trucking market will recover from the shock. Truck transportation companies are widely using collision mitigation technology to reduce the loss of lives and damage associated with accidents. The collision mitigation system detects the impending strike and alerts the driver about any collision. These systems are installed within the vehicle and, in the event of an imminent accident, they can take action automatically without the driver’s input. These systems are becoming a standard inbuilt feature on many new trucks in many countries globally. For instance, according to US Department of Transportation data, twenty automakers pledged to voluntarily equip virtually all new passenger vehicles by 2022 with a low-speed AEB system that includes forward collision warning (FCW), technology proven to help prevent and mitigate front-to-rear crashes. The agency stated that this could prevent nearly 2000 crashes every year. Major companies manufacturing these systems for trucks include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company. Major companies in the specialized freight trucking market include Cargill Incorporated, Toyota Motor Corp, FedEx Corporation, Energy Transfer Partners LP, Thyssenkrupp AG, Plains GP Holdings, A.P. Møller-Mærsk A/S, Toyota Tsusho, CJ Corp, and Knight-Swift Transportation Holdings Inc. Asia-Pacific was the largest region in the specialized freight trucking market in 2022. North America was the second largest region in the specialized freight trucking market. The regions covered in The specialized freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the specialized freight trucking market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The specialized freight trucking market includes revenues earned by entities by providing transportation services for specialized goods that must be delivered to customers quickly. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global specialized freight trucking market is segmented - 1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods 2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications 3) By Size: Heavy Trucks, Medium Trucks, Light Trucks

Freight cars are a type of railroad car, rolling stock, or motor vehicle that is designed to transport goods such as cargo, food grains, oil, minerals, and other goods on a rail transport system that is designed to transport large amounts of goods that can be delivered to both long and short distance destinations. The main types of freight cars covered in this report are intermodal, tank wagons, and freight cars. A tank waggon is defined as a vehicle that is designed to carry gases or liquids. It is also segmented by application into coal, petroleum and chemicals, metals and minerals, automobiles, agricultural products, and other applications. It is also segmented by end-use industries into agriculture; construction; oil and gas; chemical; medical and pharmaceuticals; food and beverages; government and defense; automotive and transportation; and marine. The freight car market research report is one of a series of new reports from The Business Research Company that provides freight car market statistics, including freight car industry global market size, regional shares, competitors with a freight car market share, detailed freight car market segments, market trends and opportunities, and any further data you may need to thrive in the freight car industry. This freight car market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global freight cars market size will grow from $167.96 billion in 2022 to $176.19 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global freight cars market size is expected to grow to $208.45 billion in 2027 at a CAGR of 4.3%. Government initiatives are expected to boost the freight car market's growth. For instance, in September 2021, the Indian government think tank Niti Aayog, launched the "Shoonya" initiative, which aims to fully electrify fleet vehicles in the urban freight sector within the next two years, as part of a massive effort to accelerate the adoption of electric vehicles and build an ecosystem for them in the nation. Therefore, the steps taken by the government to increase rail freight will increase the demand for freight cars' market growth during the period. Stringent regulation regarding import and export is one of the major challenges to the growth of the freight car market. Rail freight transportation would decrease as a result of strict rules over trade, which would decrease the demand for freight cars. In 2020, the Customs department of India imposed stringent rules on the free-trade agreement import of white goods to check undue dumping of these commodities under FTAs from non-producing countries. It aims to check the misuse of relaxation under free-trade agreements. India is also eager to implement new planned regulations to boost domestic manufacturing by reducing imports, with the goal of reducing the amount of lower-quality imports from China. Therefore, stringent rules posed by the government over trade are expected to hinder the freight car market growth during the forecast period. Freight cars are now enabled with GPS tracking and this is likely to be an emerging trend in the freight car market. The efficiency of freight car transport will be augmented with the use of advanced GPS technologies. Rail operators' incorporation of GPS technologies into freight cars aids in managing the transport process, scheduling freight cars, maintaining a consistent delivery process, and reducing freight car theft. For instance, in June 2022, Indian Railways began real-time monitoring of trains (passenger and freight) using the Control Office Application (COA) system. The COA was designed by ISRO after collaborating with the Indian Railways to monitor the movement of freight cars even between two stations with GPS. Therefore, the demand for freight cars is expected to be increased with the incorporation of certain criteria such as real-time data and on-time deliveries. In March 2021, Sojitz Corporation, a Japan-based manufacturing company specializing in the trading of goods and services, acquired Southwest Rail Industries Inc. for an undisclosed amount. Through this acquisition, Sojitz increases its capability to deliver excellent customer service, prompt responses, the capacity to customize leases to meet customers' needs, expand railway services in North America, and decarbonization and sustainability. Southwest Rail Industries Inc. is a US-based transportation company pioneering in providing freight rail coaches and cars to offer services for customers in the United States. Major players in the freight cars market are CN Railway, DB Schenker, Union Pacific, Kansas City Southern, CSX Corporation, Norfolk Southern Corporation, Housatonic Railroad Company, and Linfox Pty Ltd. Asia-Pacific was the largest region in the freight cars market in 2022. North America was the second largest region in the global freight cars market. The regions covered in the global freight cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the freight cars market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The freight car market consists of sales of covered wagons, cargo beamers, and flat cars. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global freight cars market is segmented - 1) By Type: Intermodals, Tank Wagons, Freight Cars 2) By Application: Coal, Petroleum And Chemicals, Metals And Minerals, Automobiles, Agricultural Products, Other Applications 3) By End-Use Industries: Agriculture, Construction, Oil & Gas, Chemical, Medical & Pharmaceuticals, Food & Beverages, Government & Defense, Automotive & Transportation, Marine

Long-distance general freight trucking is a mode of transportation that uses motor vehicles such as trucks to transport a variety of commodities, which are generally palletized and transported in a container or van trailer for carriage of domestic and commercial goods, typically between metropolitan areas and may cross country borders. The main services in the long-distance general freight trucking market are general long-distance truckload carriers, general long-distance less-than-truckload carriers, and other transportation services. The general long-distance truckload carriers provide long-distance general freight trucking between metropolitan areas. The market is segmented by activities into general long-distance truckload transit, general long-distance less-than-truckload transit, logistics planning, container trucking long-distance, and motor freight trucking long-distance. It is also segmented by size into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The long-distance general freight trucking market research report is one of a series of new reports from The Business Research Company that provides long-distance general freight trucking market statistics, including long-distance general freight trucking industry global market size, regional shares, competitors with a long-distance general freight trucking market share, detailed long-distance general freight trucking market segments, market trends and opportunities, and any further data you may need to thrive in the long-distance general freight trucking industry. This long-distance general freight trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global long-distance general freight trucking market size will grow from $732.40 billion in 2022 to $809.43 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global long-distance general freight trucking market size is expected to grow to $1,170.32 billion in 2027 at a CAGR of 9.7%. An increase in the manufacturing output of different industries is expected to drive the growth of the long-distance general freight trucking market. More manufacturing output calls for more trucking to carry the freight from one place to another. In March 2020, Tesla planned to increase electric vehicle production capacity in China. This production capacity will be 250,000 cars a year. To transport these manufactured cars, there will be a need for freight trucking. In June 2020, a Tesla semi, which is used for long haul trucking, was transporting the cars. Thus, the increased manufacturing output, which results in increased trucking for transportation of the finished products, is driving the growth of the long-distance general freight trucking market. Travel restrictions and lockdowns during COVID-19 are limiting the growth of the long-distance general freight trucking market. Coronavirus lockdown limitations have restricted freight movement, raising operating expenses and increasing anxiety among drivers and crew members. According to an analysis by Geotab Inc., a web analytics company, there was a significant drop in commercial transport activity between March 16 and May 8, 2020 in the United States, when compared with baseline data from February 2020. The commercial transport activity of the United States is operating at an average of 83% of total commercial transport activity. This decrease in activity is felt more seriously in federal regions such as New York and New Jersey, with working levels at 66% of normal activity. Thus, these variables, such as travel restrictions and lockdown, are affecting the development of the long-distance general freight trucking market. Electric trucks are being increasingly used by the long-distance general freight trucking market for transportation, which is expected to propel the market's growth. Numerous retailers and transporters are putting in huge orders of electric trucks for beverage routes and last-mile delivery. In September 2020, Amazon bought 10 electric trucks from Lion Electric, and they ordered 100,000 electric delivery vans from startupRivian with deliveries from 2021 to 2024. In June 2020, Mark-It Express Logistics, a US-based intermodal trucking and freight brokerage company, acquired the operating assets of Sava Transportation for an undisclosed amount. The acquisition will help Mark-It Express Logistics offer flexible and robust solutions to their customers and will add 20 more trucks to their fleet. This acquisition will also diversify its customer base and increase its market share. Sava Transportation is a US-based company specialising in intermodal traffic. Major players in the long-distance general freight trucking market are XPO Logistics Inc., YRC Worldwide Inc., FedEx Corporation, JB Hunt Transport Services Inc., Knight-Swift Transportation Holdings Inc., Old Dominion Freight Line, Progressive Carriers, Joe's Logistics, Universal Truckload, and Reynold Transportation. Asia-Pacific was the largest region in the long-distance general freight trucking market in 2022. North America was the second largest region in the global long-distance general freight trucking market. The regions covered in the global long-distance general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the long-distance general freight trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The long-distance general freight trucking market includes revenues earned by entities by providing transportation services for local pickup of goods to deliver them to the customer. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global long-distance general freight trucking market is segmented - 1) By Services: Truckload Carriers, Less-than-truckload Carriers, Other Transportation Services 2) By Activities: General long-distance truckload transit, General long-distance less-than-truckload transit, Logistics planning, Container trucking long-distance, Motor freight trucking long-distance 3) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications 4) By Size: Heavy Trucks, Medium Trucks, Light Trucks

General freight trucking refers to a mode of transportation that provides general freight trucking services. Establishments in the general freight trucking industry handle a wide variety of commodities, generally palletized and transported in a container or van trailer, and network activities such as local pickup, local sorting, and terminal operations; line hauling; destination sorting and terminal operations; and local delivery. The main types in the general freight trucking market are local general freight trucking and long-distance general freight trucking. Local general freight trucking handles a wide variety of commodities, generally palletized and transported in a container or van trailer. The market is also segmented by size into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The general freight trucking market research report is one of a series of new reports from The Business Research Company that provides general freight trucking market statistics, including general freight trucking industry global market size, regional shares, competitors with a general freight trucking market share, detailed general freight trucking market segments, market trends and opportunities, and any further data you may need to thrive in the general freight trucking industry. This general freight trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global general freight trucking market grew from $859.35 billion in 2022 to $939.3 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The general freight trucking market is expected to grow to $1309.79 billion in 2027 at a CAGR of 8.7%. With the entry of automated vehicles with high-tech safety measures like cameras, radar, and Lidar sensors guiding the way, companies can save money through less fuel and more frequent schedules. Major companies in the general freight trucking market include Xiamen C&D, United Parcel Service Inc., C.H. Robinson Worldwide Inc., FedEx Corporation, XPO Logistics Inc., J.B. Hunt Transport Services, YRC Worldwide Inc., Deutsche Post AG, Old Dominion Freight Line Inc., and Landstar System Inc. Asia-Pacific was the largest region in the general freight trucking market in 2022. North America was the second largest region in the general freight trucking market. The regions covered in the general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the general freight trucking market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The general freight trucking market includes revenues earned by entities by providing transportation services for the movement of goods over long distances. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global general freight trucking market is segmented - 1) By Type: Local General Freight Trucking, Long-Distance General Freight Trucking 2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications 3) By Size: Heavy Trucks, Medium Trucks, Light Trucks

Local general freight trucking refers to modes of transportation that use trucks and vans to deliver a wide variety of commodities in local metropolitan areas, generally palletized and transported in a container or van trailer to deliver goods for both domestic and commercial purposes and used for short distances. The main types of local general freight trucking are truckload transportation; less-than-truckload transportation; intermodal transportation; dry-bulk transportation; and others. Intermodal transportation involves the movement of large-sized goods through more modes of transport in containers. The market is segmented by type into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The local general freight trucking market research report is one of a series of new reports from The Business Research Company that provides local general freight trucking market statistics, including local general freight trucking industry global market size, regional shares, competitors with a local general freight trucking market share, detailed local general freight trucking market segments, market trends and opportunities, and any further data you may need to thrive in the local general freight trucking industry. This local general freight trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global local general freight trucking market size will grow from $126.95 billion in 2022 to $129.87 billion in 2023 at a compound annual growth rate (CAGR) of 2.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global local general freight trucking market size is expected to grow to $139.47 billion in 2027 at a CAGR of 1.8%. The increase in e-commerce sales is expected to fuel the growth of the local freight trucking market in the forecast period. E-Commerce refers to the purchase and sale of products and services on the Internet. The e-commerce industry relies on trucking to move its items from one location to another, which impacts the trucking industry directly. For instance, according to the US Census Bureau, in 2020, American consumers spent $211.5 billion in the second quarter, an increase of 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. The impact of COVID-19 is expected to limit the growth of the local freight trucking market in the forecast period. The transportation industry faces severe challenges due to the COVID-19 pandemic with disruption in the supply chain. A decrease in demand led to a fall in the supply of raw materials or end-products such as restaurant supplies or live event equipment, among others. According to the Center for Disease Control and Prevention, the trucking industry lost more than 88,000 jobs in April 2020, a 5.8% decline from March. There were 20.5 million job losses across the U.S., placing the nation's total unemployment rate at 14.7%. A recent survey found that nearly half (48%) of carriers registered significantly lowered freight rates across the U.S. Therefore, the prevalence of COVID-19 restrains the growth of the local freight trucking market. The integration of the Internet of Things (IoT) into the transportation sector is a key trend gaining popularity in the local general freight trucking market. The IoT is expected to change the transport sector by gathering data and vital information from market and technology developments related to data analytics and automation of mobility and will provide benefits in fleet management and location tracking. Companies around the world are finding more and more interesting ways to take advantage of the Internet of Things for greater productivity and efficiency. For instance, Kuehne + Nagel, a Swiss-based transport and logistics company, uses IoT for freight monitoring, which helps to warn about temperature, humidity, pressure, shock, and tilt at the parcel level. Major players in the local general freight trucking market are 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. Asia-Pacific was the largest region in the local general freight trucking market in 2022. North America was the second largest region in the global local general freight trucking market. The regions covered in the global local general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the local general freight trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The local general freight trucking market includes revenues earned by entities by providing transportation service for local areas. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global local general freight trucking market is segmented - 1) By Type: Truckload transportation, Less-than-truckload transportation, Intermodal transportation, Dry-bulk transportation, Other Types 2) By Size: Heavy Trucks, Medium Trucks, Light Trucks 3) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications

Refrigerated goods trucking refers to a type of shipping that uses temperature-controlled trucks with special equipment in which the cargoes are kept at a controlled temperature throughout the shipping process by an integrated refrigeration system in the transport trucks to provide over-the-road transportation of refrigerated goods. The main vehicle types in the refrigerated goods trucking market are light commercial vehicles, medium-heavy commercial vehicles, and heavy commercial vehicles. A light commercial vehicle is any vehicle with a gross vehicle weight exceeding 7,500 kilogrammes that is used to courier and parcel fruits, vegetables, white goods, beverages, and many more. It is also segmented by temperature into single temperature and multi-temperature and by application into food products, poultry, meat, and seafood, dairy and beverages, bakery and confectionery, pharmaceuticals, and others. The refrigerated goods trucking market research report is one of a series of new reports from The Business Research Company that provides refrigerated goods trucking market statistics, including refrigerated goods trucking industry global market size, regional shares, competitors with a refrigerated goods trucking market share, detailed refrigerated goods trucking market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerated goods trucking industry. This refrigerated goods trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global refrigerated goods trucking market size will grow from $62.41 billion in 2022 to $68.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global refrigerated goods trucking market size is expected to grow to $95.15 billion in 2027 at a CAGR of 8.6%. Increasing demand for perishable foods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables is predicted to contribute to the growth of the refrigerated goods trucking market. The surging demand for frozen food items is propelling suppliers to equip their refrigerated units with multi-temperature systems, computer controls, and thermal liners to keep the food at the required temperature. According to the National Dairy Development Board (NDDB), the demand for milk in the Indian market is expected to reach 180 million tonnes by 2022. Therefore, increasing demand for refrigerated food products is expected to drive the market for refrigerated goods trucking during the forecast period. Lack of infrastructure for cold storage in developing countries is anticipated to limit the growth of the refrigerated goods trucking market over the forecast period. Cold chain management (CCM) is a recently adopted concept in supply chain management. A CCM is a network of cold stores, refrigerators, freezers, refrigerated trucks, and cold boxes that are organised to maintain the temperature of the food items during storage, transportation, and distribution from the factory. Lack of proper cold chain management leads to losses in food and money. According to the Food and Agriculture Organization of the United Nations (FAO)’s report on 16 countries from sub-Saharan Africa showed that cold chains are very poorly developed or inexistent in most subsectors in the region. Moreover, the International Institute of Refrigeration (IIR) estimated that in developed countries, cold storage capacity in urban areas is about 200 litres per capita (where 70% of the population is urban), whereas in developing countries it is about 19 litres per capita (where 50% of the population is urban). Thus, the lack of cold chain infrastructure, especially in developing economies, will result in low demand for refrigerated goods trucking services, which is likely to act as a major restraint for the growth of the market. Major companies operating in this market are continuously investing in introducing new technologies such as cloud computing, IoT solutions, solar-powered systems, and communication technologies such as machine learning, GPS, and 5G for greater accountability, visibility, and performance in refrigerated storage and transport. It is estimated that investments in this field are likely to reach $40 billion by the end of 2020. Moreover, in April 2020, Carrier Transicold launched a solar charging system for transport refrigeration unit batteries that has an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller. In January 2020, Nolan Transportation Group (NTG), a truckload brokerage and third-party logistics services provider, acquired Eagle Transportation LLC., a cold chain logistics specialist, for an undisclosed amount. With the acquisition of Eagle Transportation LLC., Nolan Transportation Group (NTG) plans to expand its nationwide supply chain solutions offerings with enhanced temperature-controlled capabilities and expertise. Eagle Transportation LLC is a Mississippi-based brokerage and transportation company engaged in providing on-time temperature-controlled shipping services. Major players in the refrigerated goods trucking market are Schmitz Cargobull AG, Great Dane LLC., China International Marine Containers, Kogel Trailer GmbH & Co., Hyundai Translead Inc., Wabash National Corporation, KRONE, GRW Tankers, and Trailers. North America was the largest region in the refrigerated goods trucking market in 2022. Western Europe was the second largest region in the global refrigerated goods trucking market. The regions covered in the global refrigerated goods trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the refrigerated goods trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The refrigerated goods trucking market includes revenue generated by entities that provide transportation services for products that must be kept at a specific temperature in order to maintain product shelf life and reduce the possibility of degradation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global refrigerated goods trucking market is segmented - 1) By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles 2) By Temperature: Single Temperature, Multi-Temperature 3) By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Other Applications