Texas Freight and Logistics Market Size (2024 - 2029)

The Texas Freight and Logistics Market is poised for growth, driven by the state's strategic geographical location and its status as a major international shipping hub. The extensive network of ports, including seaports and land ports, facilitates significant transportation of goods, both domestically and internationally. Texas' multimodal freight transportation system supports various key industries, enhancing its role in global trade, particularly with Asia and Mexico. The state's innovative transportation policies and infrastructure, including a vast array of roads and intermodal facilities, position it as a leader in logistics and shipping, ensuring a robust market size and share in the coming years.

Market Size of Texas Freight and Logistics Industry

Texas Freight and Logistics Market - CAGR
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 93.07 Billion
Market Size (2029) USD 115.10 Billion
CAGR (2024 - 2029) 4.34 %
Market Concentration Low

Major Players

Texas Freight and Logistics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Texas Freight And Logistics Market Analysis

The Texas Freight and Logistics Market size is estimated at USD 93.07 billion in 2024, and is expected to reach USD 115.10 billion by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029).

The market is driven by the geographical placement of the state and the enormous transportation of goods within and out of the country that happens via Texas. Furthermore, the market is also driven by a large number of ports present in Texas.

  • Texas' enormous size is a well-known fact that Texans worldwide take pride in. Only the state of Alaska is physically larger at 268,597 square miles. But Texas can claim something that even Alaska cannot: it is a major international shipping hub. The state has 29 ports of entry, including seaports (Beaumont, Corpus Christi, Freeport, Galveston, Houston, and Port Arthur), two international airports (Dallas/Fort Worth and George Bush), three land ports (El Paso, Hidalgo, and Laredo), and Intermodal Ports (Beaumont, Corpus Christi, Freeport, Galveston, Houston, and Port Arthur). Texas ports support nearly USD 450 billion in economic activity in the state and USD 1 trillion in national economic activity as international trade hubs.
  • Texas shares a border with Mexico, America's second-largest trading partner. Texas is better positioned for Asian trade after the Panama Canal expansion, especially given the bottlenecks at West Coast ports. The multimodal freight transportation network supports agriculture, energy, manufacturing, defence, construction, distribution and other key industries throughout Texas. The multimodal network connects Texas businesses to domestic and international supplies, facilities, and markets. The Texas freight and logistics industry is expected to have a bright outlook in 2022, with several new trends dominating the industry.
  • Texas leads the 50 states in total lane miles and has four of the top eight cities in terms of lane mileage per capita. Texas road policy is full of innovation, from well-designed private toll roads to state researchers experimenting with a "freight shuttle" system in which trucks are moved along conveyor-type medians separated from regular traffic. Texas' transportation and logistics systems are cutting-edge and forward-thinking, and it can be expected that the state will continue to lead the way in logistics and shipping support for Asian, Hispanic, and European e-commerce markets. Considering Texas is the most important state for international trade, it consists of a vast network of warehouses, manufacturing plants, roads, rail, ports, and other infrastructure. As long as Texas remains an open economy and continues to grow, and as long as the United States commits to free trade, the state will be ground zero for advanced logistics.

Texas Freight And Logistics Industry Segmentation

Freight and logistics refer to the transportation of goods in the domestic and international markets via various modes, including air, rail, and roadways. A complete background analysis of the Texas Freight and Logistics Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in this report.

The Texas Freight and Logistics Market are segmented By Function (Freight Transport, Freight Forwarding, Warehousing, and Value-Added Services) and By End User (Construction, Oil and Gas and Quarrying, Agriculture, Fishing, & Forestry, Manufacturing and Automotive, Distributive Trade, and Other End Users). The report offers market size and forecast values (USD billion) for all the above segments.

By Function
Freight Transport
Road
Rail
Sea and Inland
Air
Freight Forwarding
Warehousing
Value-added Services
By End-User
Construction
Oil and Gas and Quarrying
Agriculture, Fishing, and Forestry
Manufacturing and Automotive
Distributive Trade
Other End Users
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Texas Freight and Logistics Market Size Summary

The Texas freight and logistics market is poised for significant growth, driven by the state's strategic geographical location and its extensive network of transportation infrastructure. Texas serves as a major international shipping hub, boasting numerous ports, airports, and land ports that facilitate substantial domestic and international trade. The state's multimodal freight transportation network supports key industries such as agriculture, energy, and manufacturing, connecting Texas businesses to global markets. As a result, Texas is expected to maintain its leadership in logistics and shipping, particularly in supporting Asian, Hispanic, and European e-commerce markets. The state's innovative transportation policies and cutting-edge logistics systems further enhance its position as a critical player in the freight and logistics industry.

The market is characterized by a fragmented landscape with numerous local and international players, including major companies like Ceva Logistics, XPO Logistics Inc, and C H Robinson Worldwide. These companies are expected to consolidate their presence to capture a larger market share. The increasing freight tonnage through Texas's roadways and ports presents ample opportunities for growth, with companies offering superior services likely to outperform their competitors. The ongoing digitalization of logistics processes, such as the integration of API systems for real-time rate quoting and automated load tendering, is transforming the industry, making it more efficient and responsive to market demands. As the market evolves, the Texas freight and logistics sector is set to play a pivotal role in the broader economic landscape, driven by innovation and strategic partnerships.

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Texas Freight and Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS DYNAMICS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Overview

    3. 1.3 Market Dynamics

      1. 1.3.1 Drivers

      2. 1.3.2 Restraints

      3. 1.3.3 Opportunities

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter Five Forces

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Government Regulations and Initiatives

    7. 1.7 Insights into Freight Rates

    8. 1.8 Insights into Impact of Ecommerce

    9. 1.9 Insights into Major Ports

    10. 1.10 Insights into Multimodal Freight Network

    11. 1.11 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Function

      1. 2.1.1 Freight Transport

        1. 2.1.1.1 Road

        2. 2.1.1.2 Rail

        3. 2.1.1.3 Sea and Inland

        4. 2.1.1.4 Air

      2. 2.1.2 Freight Forwarding

      3. 2.1.3 Warehousing

      4. 2.1.4 Value-added Services

    2. 2.2 By End-User

      1. 2.2.1 Construction

      2. 2.2.2 Oil and Gas and Quarrying

      3. 2.2.3 Agriculture, Fishing, and Forestry

      4. 2.2.4 Manufacturing and Automotive

      5. 2.2.5 Distributive Trade

      6. 2.2.6 Other End Users

Texas Freight and Logistics Market Size FAQs

The Texas Freight and Logistics Market size is expected to reach USD 93.07 billion in 2024 and grow at a CAGR of 4.34% to reach USD 115.10 billion by 2029.

In 2024, the Texas Freight and Logistics Market size is expected to reach USD 93.07 billion.

Texas Freight And Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)