United States Digital Freight Forwarding Market Size (2024 - 2029)

The United States digital freight forwarding market is experiencing significant growth, driven by the automation of manual processes and the expansion of e-commerce and free trade agreements. This market's expansion is supported by the digital transformation across various sectors, including freight forwarding, where technology facilitates efficient cargo transit management. Digital freight forwarding enhances communication among stakeholders and offers transparent, cloud-based systems for comparing shipping prices, contributing to its increasing adoption. The logistics industry is moving towards a paperless, digitized model, further propelling the market's growth.

Market Size of United States Digital Freight Forwarding Industry

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United States Digital Freight Forwarding Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 6.89 Billion
Market Size (2029) USD 18.40 Billion
CAGR (2024 - 2029) 21.72 %
Market Concentration Low

Major Players

United States Digital Freight Forwarding Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Digital Freight Forwarding Market Analysis

The United States Digital Freight Forwarding Market size is estimated at USD 6.89 billion in 2024, and is expected to reach USD 18.40 billion by 2029, growing at a CAGR of 21.72% during the forecast period (2024-2029).

  • One of the main factors propelling the expansion of businesses across all industries is the automation of manual processes. Additionally, the market for digital freight forwarding is growing and expanding due to the spread of e-commerce and the rise in free trade agreements.
  • The majority of sectors are undergoing digital transformations, and freight forwarding is no exception. Technology is used by digital freight forwarders to plan and manage cargo transit.
  • Through the use of digital freight forwarding, industry participants can take advantage of current technological advancements to streamline contact between all parties involved in a shipping project. In order to give customers the best deal, digital freight forwarding also involves the use of a totally transparent cloud-based system that makes it simple to compare multiple shipping prices.
  • Digitization continues to be one of the key drivers supporting the growth of the US economy. Companies like Convoy, Uber Freight, and uShip are developing new platforms to fill in the gaps in the logistics industry. With digital freight forwarding, the manual process will be reduced. The major benefits of digital freight forwarding include instant quotes, transparent pricing, comparison of rates and carriers, tracking, easy documentation, and others. The logistics industry is developing into a paperless digitized industry, supporting the market's growth.
  • Many companies are now embracing digital freight services. In the six months before April 2021, Uber Freight's owner-operator activation nearly doubled, and by May 2021, the number of new authority carriers had increased by more than 300% year over year. In the first quarter of 2021, the company closely monitored this driver supply shift as well as other macro developments affecting the industry, such as the US labor trends and supply-chain bottlenecks.

US Digital Freight Forwarding Industry Segmentation

Digital freight forwarders use digital tools that help smooth communication flow and quickly get status updates regarding any shipment. Digital freight forwarder employs a completely transparent system that compares various shippers to offer the best deal to the customers.

A complete background analysis of the US digital freight forwarding 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 the report. The US digital freight forwarding market is segmented by mode of transportation (ocean, air, and land) and by firm type (SMEs and large enterprises and governments). The report offers market size and forecasts for the US digital freight forwarding market in value (USD billion) for all the above segments.

By Mode of Transportation
Ocean
Air
Land
By Firm Type
SMEs
Large Enterprises and Governments
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United States Digital Freight Forwarding Market Size Summary

The United States digital freight forwarding market is experiencing significant growth, driven by the automation of manual processes and the expansion of e-commerce and free trade agreements. As industries undergo digital transformations, freight forwarding is leveraging technology to enhance cargo transit planning and management. This shift towards digitization is facilitating improved communication among stakeholders in shipping projects and offering transparent, cloud-based systems for comparing shipping prices. The logistics sector is increasingly moving towards a paperless, digitized model, with companies like Convoy, Uber Freight, and uShip leading the charge in developing innovative platforms. The benefits of digital freight forwarding include instant quotes, transparent pricing, rate and carrier comparisons, tracking, and streamlined documentation, all of which contribute to the market's robust growth.

The competitive landscape of the US digital freight forwarding market is characterized by a fragmented array of players, including major companies such as Flexport, Uber Freight, DHL Group, and Kuehne + Nagel International. These digital freight forwarders (DFFs) offer a comprehensive range of logistics services through digital platforms, enhancing the user experience by aggregating information on a single interface. Recent industry developments, such as the merger between Transplace and Uber Freight, highlight the ongoing consolidation and technological advancements within the market. Additionally, the establishment of specialized logistics networks, like Kuehne + Nagel's healthcare contract logistics facility, underscores the sector's response to evolving demands for quality and regulatory compliance in distribution.

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United States Digital Freight Forwarding Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Value Chain/Supply Chain Analysis

    3. 1.3 Investment Scenarios

    4. 1.4 Government Regulations and Initiatives

    5. 1.5 Technology Development in Online Freight Forwarding and Digital Platforms

    6. 1.6 Overview on E-commerce Logistics and Freight Forwarding in the United States

    7. 1.7 Value Propositions of E-platforms Vs Competitors

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION (Market Size By Value)

    1. 2.1 By Mode of Transportation

      1. 2.1.1 Ocean

      2. 2.1.2 Air

      3. 2.1.3 Land

    2. 2.2 By Firm Type

      1. 2.2.1 SMEs

      2. 2.2.2 Large Enterprises and Governments

United States Digital Freight Forwarding Market Size FAQs

The United States Digital Freight Forwarding Market size is expected to reach USD 6.89 billion in 2024 and grow at a CAGR of 21.72% to reach USD 18.40 billion by 2029.

In 2024, the United States Digital Freight Forwarding Market size is expected to reach USD 6.89 billion.

USA Digital Freight Forwarding Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)