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Less than truckload (LTL) Market Next Big Thing | Major Giants- Deutsche Post, FedEx, CEVA Logistics


Image of a truck carrying freight, representing PLP Logistics being featured in a press release from AMA Research & Media on the less than truckload (LTL) market. Image by Freepik.


PLP Logistics is honored to be included in this press release from AMA Research & Media LLP. Read the press release below:


From AMA Research & Media LLP:


Advance Market Analytics published a new research publication on "Less than truckload (LTL) Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Less than truckload (LTL) market was mainly driven by the increasing R&D spending across the world.


Some of the key players profiled in the study are:


Deutsche Post AG (Germany), FedEx (United States), Old Dominion Freight Line (United States), DSV (Denmark), Yellow Corporation (United States), DB SCHENKER (Germany), TFI International Inc. (Canada), CEVA Logistics (France), XPO, Inc (United States), PLP Logistics (United States), Freightcom Inc. (Canada), FreightSnap LLC (United States), GEODIS (France), NIPPON EXPRESS HOLDINGS (Japan), YTO (China), CJ Logistics Corporation (South Korea) and Rhenus Group (India).



Scope of the Report of Less than truckload (LTL)


Less than truckload (LTL) refers to a shipping method used for transporting relatively small freight or cargo that does not require the use of an entire truck trailer. Instead of dedicating an entire truckload to a single shipment, LTL shipments are consolidated with other shipments from multiple customers, allowing them to share space and costs. LTL carriers specialize in efficiently managing and optimizing the space within their trucks to accommodate these smaller loads while still maximizing efficiency and minimizing costs. LTL shipments are ideal for businesses with smaller quantities of goods to transport, as they offer a cost-effective solution compared to booking an entire truck for a partial load. Additionally, LTL shipping provides flexibility in terms of pickup and delivery schedules, making it a convenient option for businesses with varying shipping needs. Overall, LTL shipping plays a crucial role in the logistics industry by providing an efficient and economical way to transport smaller freight shipments.


The titled segments and sub-section of the market are illuminated below:


by Application (Food Shipping, Retail Shipping, Industrial Shipping, Others), Type (General Cargo, Hazardous Materials, Perishable Goods:, Fragile or High -Value Items), Mode (Rail Ways, Water Ways, Air Ways, Truck Ways), Carrier Type (National LTL Carriers, Multi-Regional LTL Carriers, Regional LTL Carriers, Sub-Regional Carriers, Others)


Market Drivers:


The surge in online shopping is creating a significant demand for LTL services and Increasing demand of real-time visibility into shipments


Market Trends:


Increased adoption of digital technologies for freight management such as, online platforms for booking, tracking, and managing LTL shipments


Opportunities:


Integration of advanced technology such as, IOT device and data analytics can enhance the efficiency and visibility of LTL shipment


Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa


Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.



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