The Global Specialized Freight Trucking Market Was Valued At USD 456 Billion
Posted by praneeth on July 24th, 2018
The specialized freight trucking market comprises establishments transporting freight (with special size, weight, shape, or other inherent characteristics) that requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. These establishments also provide the transportation of used household, institutional, and commercial furniture and equipment. Specialized freight truckers adjust their rates according to the type of specialized transport required.
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The market was valued at USD 456 billion in 2017, and it is expected to be driven by rise in the Air cargo market and specialized product shipping sectors such as e-commerce, pharmaceuticals, and perishables. North America was the largest geographic region in 2017, accounting for 33.4% of the market share.
The specialized freight trucking market in The Business Research Company’s report is split into five segments: automobiles and heavy equipment, bulk liquids, dry bulk materials, forest products, refrigerated goods.
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The USA was the largest country in specialized freight trucking market in 2017, accounting for one-fourth of the global market share.
The top five competitors in the market are UPS (United Parcel Service), FedEx (Federal Express), Schneider National, C.H. Robinson, and J.B. Hunt Transport Services.UPS has been the largest player in the market with revenues of USD 65.8 billion. It is an American multinational package delivery company and a provider of supply chain management solutions.It is headquartered in the Georgia, USA.
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Joined: June 6th, 2018
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