Research and Markets will be adding the US domestic freight market to its 2015-2019 report. The report covers the current and prospective growth of the domestic freight market in the US until 2019. The US domestic freight market is to grow at a compound annual growth rate of 4.52% in terms of revenue and 2.63% in terms of volume between 2014 and 2019.
Information contained within the report
The report considers the revenue generated by freight service providers and the volume of freight transported through an array of different modes of transportation – including by road, rail air and water. Based on type of freight, the market is classified into two segments, bulk freight and general freight.
Based on mode of transportation, the market is segmented into the following: roadways; railroad, air, waterways, pipelines.
The report also discusses the major drivers that influence the growth of the market and summarises the key trends and changes facing the market and, more specifically, the vendors.
Good logistics infrastructure
The use of modern vehicles that are equipped with technologies, such as GPS tracking and automated handling, a large expanse of multi-lane roads which connect states, and technology-enabled warehouses and transportation carriers have all allowed the US logistics infrastructure to be well-developed, according to the report.
The report also highlights the increase in government regulation in the commercial logistics industry since 2010. It claims that this increase has caused growth in the domestic freight market to be restricted, thereby resulting in high operational costs.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/28072015/research-and-markets-report-on-us-domestic-freight-market/