North America Freight and Logistics Market Growth, Trends, COVID-19 Impact, and Forecasts 2021 – 2026 – ResearchAndMarkets.com | Financial Buzz

North America Freight and Logistics Market Growth, Trends, COVID-19 Impact, and Forecasts 2021 – 2026 – ResearchAndMarkets.com

The “North America Freight and Logistics Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The North America freight and logistics market is anticipated to register a growth rate of 3% during the period (2021-2026).

COVID-19 has severely impacted the market studied. North American airlines saw demand decrease by 1.8% in February 2020, compared to the same period a year earlier where capacity increased by 4.1%. Cargo traffic on the Asia-North America trade lanes decreased by 2.4% year-on-year as a result of factory closures in Asia due to COVID-19.

Rising air freight rates, dwindling warehouse space and clogged cargo terminal arteries are among the challenges North American shippers face in the new pandemic economy. During COVID-19, Railroad volumes declined by 20 % and have not recovered totally. Last-mile deliveries have surged more than ten times over, but ocean shipping is down by 25 %.The spillover to the logistics industry began in February 2020 as volume into US ports dropped significantly.

The North American logistics market is fragmented. Besides transportation and distribution services, numerous niche players offer specialized services such as reverse logistics, IT services, and consulting.

Moreover, owing to the rising environmental concerns, the adoption of green logistics solutions has been witnessed in recent years. At present, the United States represents one of the key markets for logistics in the region with highly integrated supply chain network that links producers and consumers through multiple transportation modes, such as air and express delivery services, freight rail, maritime transport, and truck transport.

Trade continues to improve steadily and the economy is growing consistently now. However, driver shortage, tight capacity, infrastructure, and regulations are affecting the industry. Ports and airports are investing in new capacity in order to cope with on-going demand.

The widening of the Panama Canal and the expansion of regional industrial activities are amplifying volumes in the southeast of the United States.

Rail and intermodal services are booming, although shippers across the region complain of poor rail freight service, tight capacity and labour disputes. Large fleet owners are investing heavily in new trucks, which is driving associated supply chains.

Competition is fierce among the North American ports. The United States ports are straining under increasing tonnage and in some cases the inability to service mega-ships. This has led, at several times in the past five years, to ships diverting to Canadian rivals. Many of the ports are seeking funding for dredging to deepen harbours and obtain the equipment needed to support the increasingly large mega-ships blamed, by United States West Coast ports in particular, for congestion problems.

USMCA (US-Mexico-Canada Agreement) entered into force on 1 July 2020, replacing the North American Free Trade Agreement (NAFTA). USMCA presents both challenges and opportunities for transport operators. USMCA likely will not have the biggest direct impact on trucking compared with industries such as automotive and agriculture. The trickle-down effect of industries potentially producing and shipping more products is where carriers likely benefit. other companies.

Competitive Landscape

The North America freight and logistics market is fragmented. DHL, XPO Logistics, UPS, FedEx, Ryder Systems are some of the prominent players in the market.

The market is expected grow due to economic growth, growing population, growing industrialization. However, lack of the government’s commitment to the development of seaports or road networks and reconfigured supply chains, with the growing local production and consumption units are thereby hampering the market growth.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Current Market Scenario

4.2 Technological Trends

4.3 Government Regulations and Initiatives

4.4 Industry Value Chain/Supply Chain Analysis

4.5 Spotlight on the E-commerce Market (Regional Trends of Domestic, as well as Cross-border E-commerce, along with Key Performance Indicators, will be Provided)

4.6 Insights into the Courier, Express, and Parcel (CEP) Market (market trends and major players)

4.7 Brief on the 3PL Market in North America

4.8 Insights on Cross-border Trucking and Intermodal Transportation

4.9 Impact of COVID-19 on the market

5 MARKET DYNAMICS

5.1 Market Drivers

5.2 Market Restraints

5.3 Market Opportunities

5.4 Industry Attractiveness – Porter’s Five Forces Analysis

6 MARKET SEGMENTATION (Market Size by Value)

6.1 By Function

6.1.1 Freight Transport

6.1.1.1 Road

6.1.1.2 Inland Water

6.1.1.3 Air

6.1.1.4 Rail

6.1.2 Freight Forwarding

6.1.3 Warehousing

6.1.4 Value-added Services and Other Functions

6.2 By End User

6.2.1 Manufacturing and Automotive

6.2.2 Oil and Gas, Mining, and Quarrying

6.2.3 Agriculture, Fishing, and Forestry

6.2.4 Construction

6.2.5 Distributive Trade (Wholesale and Retail Segments – FMCG included)

6.2.6 Other End Users (Telecommunications and Pharmaceuticals)

6.3 By Country

6.3.1 United States

6.3.2 Canada

7 COMPETITIVE LANDSCAPE

7.1 Overview (Market Concentration and Major Players)

7.2 Company Profiles

7.2.1 XPO Logistics Inc.

7.2.2 J B Hunt Transport Services

7.2.3 Deutsche Post DHL

7.2.4 UPS Supply Chain Solutions

7.2.5 C H Robinson Worldwide

7.2.6 Expeditors International of Washington

7.2.7 Ryder Supply Chain Solutions

7.2.8 Americold Logistics

7.2.9 FedEx Corporation

7.2.10 Ceva Logistics

8 FUTURE OUTLOOK OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/mjoim3

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