Market Size of united states less than-truck-load (ltl) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 109.12 Billion |
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Market Size (2030) | USD 139.63 Billion |
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Largest Share by End User Industry | Wholesale and Retail Trade |
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CAGR (2024 - 2030) | 4.19 % |
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Fastest Growing by End User Industry | Wholesale and Retail Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Less than-Truck-Load (LTL) Market Analysis
The United States Less than-Truck-Load (LTL) Market size is estimated at 109.12 billion USD in 2024, and is expected to reach 139.63 billion USD by 2030, growing at a CAGR of 4.19% during the forecast period (2024-2030).
109.12 Billion
Market Size in 2024 (USD)
139.63 Billion
Market Size in 2030 (USD)
3.24 %
CAGR (2017-2023)
4.19 %
CAGR (2024-2030)
Largest Market by Destination
76.96 %
value share, Domestic, 2023
The domestic segment dominates the market, supported by the growth of e-commerce in the country. Domestic e-commerce held a share of more than 95% in 2022 in the United States.
Largest Market by End User Industry
34.62 %
value share, Wholesale and Retail Trade, 2023
The wholesale and retail trade segment experienced notable growth in 2022, with total retail sales for the year showing a substantial increase of 9.20% compared to 2021.
Fastest Growing Market by End User Industry
5.29 %
Projected CAGR, Wholesale and Retail Trade, 2024-2030
The segment is expected to grow in the coming years, supported by the growth in e-commerce. The number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
Fastest Growing Market by Destination
4.33 %
Projected CAGR, International, 2024-2030
In 2022, cross-border road freight contributed to the growth of the international segment. For instance, computers/parts worth USD 5.3 billion were traded by trucks from the United States to Canada in December 2022.
First Leading Market Player
9.41 %
market share, FedEx, 2022
FedEx offers LTL road transportation services under the FedEx Freight segment. FedEx Freight has a fleet of more than 30,000 vehicles and a network of around 400 service centers.
US manufacturing sector poised to exceed USD 14.1 Billion by 2030 driven by surge in export demand
- The e-commerce sector in the US witnessed growth in 2022, with an increase of 7.87% YoY. The growth in e-commerce drove the growth of the LTL market. Consumers' exposure to online services is increasing rapidly because of increasing internet penetration and drastically improved smartphone accessibility. Moreover, the total retail sales (including e-commerce and retail sales) in the United States are projected to amount to USD 7.9 trillion in 2026, up from around USD 6.6 trillion in 2021. In addition, the number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
- During peak harvest seasons, the demand for less-than-truckload (LTL) services in agriculture increases due to a significant rise in transportation needs for agricultural products. The agriculture, fishing, and forestry sub-segment of the LTL market experienced notable growth in 2021, with agriculture and food exports showing a YoY increase of 6.41% and 18.59% in value during 2020 and 2021, respectively. This growth was driven by new agreements, such as the United States-Mexico-Canada Agreement (USMCA), which expanded market access and reduced trade restrictions for American agricultural products in key export destinations.
- The manufacturing end-user segment is expected to grow in the coming years as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. The industrial environment in the United States is forecasted to change as Industry 4.0 technologies, like artificial intelligence (AI), robotics, automation, and the Industrial Internet of Things (IIoT), will be used more widely. Traditional manufacturing is also expected to experience a systemic change in the future.
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Understand The Key Trends Shaping This Market
United States Less than-Truck-Load (LTL) Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination.
- The e-commerce sector in the US witnessed growth in 2022, with an increase of 7.87% YoY. The growth in e-commerce drove the growth of the LTL market. Consumers' exposure to online services is increasing rapidly because of increasing internet penetration and drastically improved smartphone accessibility. Moreover, the total retail sales (including e-commerce and retail sales) in the United States are projected to amount to USD 7.9 trillion in 2026, up from around USD 6.6 trillion in 2021. In addition, the number of online buyers in the United States is projected to reach 291.2 million in 2025, up from 263 million in 2021.
- During peak harvest seasons, the demand for less-than-truckload (LTL) services in agriculture increases due to a significant rise in transportation needs for agricultural products. The agriculture, fishing, and forestry sub-segment of the LTL market experienced notable growth in 2021, with agriculture and food exports showing a YoY increase of 6.41% and 18.59% in value during 2020 and 2021, respectively. This growth was driven by new agreements, such as the United States-Mexico-Canada Agreement (USMCA), which expanded market access and reduced trade restrictions for American agricultural products in key export destinations.
- The manufacturing end-user segment is expected to grow in the coming years as the US manufacturing industry is expected to reach a revenue value of over USD 14.1 billion by 2030. The industrial environment in the United States is forecasted to change as Industry 4.0 technologies, like artificial intelligence (AI), robotics, automation, and the Industrial Internet of Things (IIoT), will be used more widely. Traditional manufacturing is also expected to experience a systemic change in the future.
| End User Industry | |
| Agriculture, Fishing, and Forestry | |
| Construction | |
| Manufacturing | |
| Oil and Gas, Mining and Quarrying | |
| Wholesale and Retail Trade | |
| Others |
| Destination | |
| Domestic | |
| International |
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United States Less than-Truck-Load (LTL) Market Size Summary
The United States Less than-Truck-Load (LTL) market is poised for significant growth, driven by the expanding e-commerce sector and increasing demand for efficient transportation solutions. The rise in online shopping, fueled by greater internet access and smartphone usage, has been a key factor in the market's expansion. Additionally, the agricultural sector's seasonal demand for LTL services highlights the market's responsiveness to industry needs. The manufacturing sector is also expected to contribute to market growth, as advancements in Industry 4.0 technologies reshape traditional manufacturing processes. The intricate transportation infrastructure in the United States, supported by strategic government investments, plays a crucial role in facilitating the movement of goods across the nation, further bolstering the LTL market.
The LTL market in the United States is characterized by a fragmented landscape, with major players like C.H. Robinson, Dayton Freight Lines, Inc., FedEx, Old Dominion Freight Line, and XPO, Inc. holding significant market shares. These companies are leveraging technological innovations, such as AI-driven scheduling solutions, to enhance operational efficiency. The market's growth is also influenced by fluctuations in fuel prices, with diesel demand recovering rapidly post-pandemic, driven by its essential role in transportation and various industries. The ongoing developments in port infrastructure and the strategic allocation of federal funds aim to strengthen supply chains, optimize port operations, and create new job opportunities, all of which are expected to support the continued expansion of the LTL market in the coming years.
United States Less than-Truck-Load (LTL) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Destination
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1.2.1 Domestic
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1.2.2 International
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United States Less than-Truck-Load (LTL) Market Size FAQs
How big is the United States Less than-Truck-Load (LTL) Market?
The United States Less than-Truck-Load (LTL) Market size is expected to reach USD 109.12 billion in 2024 and grow at a CAGR of 4.19% to reach USD 139.63 billion by 2030.
What is the current United States Less than-Truck-Load (LTL) Market size?
In 2024, the United States Less than-Truck-Load (LTL) Market size is expected to reach USD 109.12 billion.
