Road logistics
refers to the movement of various commodities, inbound raw materials and other
supplies from one place to another. Road is considered to be the main form of
transportation and it accounts for approximately 74 percent of the total
freight transported worldwide. It offers numerous advantages over other modes
of transportation, such as: Cost efficiency, easy to track, fewer idle period,
door-to-door delivery, quicker delivery time, fast and convenient, high safety
of the cargo, and ability to use different routes. With the proven pros, the industry
is coming up with some of the major technological advancements such as ICT,
computerized vehicle routing, active traffic management, online freight
exchange, and many more.
Analysts forecast
the Global Road
Logistics market to grow at a
CAGR of 6.64 percent over the period 2013-2018.
One of the emerging
trends in this market is the emergence of 4PL, which assists the company in
gaining operational productivity and improving efficiency.
Covered in this Report
The Global Road
Logistics market can be segmented into four divisions: Truckloads, LTL, Parcel,
and Same-Day. Truckload account for the highest market share, as it is more
cost saving than any other modes of shipment. The pricing of the full-truckload
depend upon the lanes and the mile travelled.
Global Road Logistics
Market 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers North America, the APAC region,
Europe, and ROW; it also covers the Global Road Logistics market landscape and
its growth prospects in the coming years. The report also includes a discussion
of the key vendors operating in this market.
According to the
report, one of the major drivers in this market is the privatization of road
freight transport. Privatization helps governments to manage budgets for road
freight transportation and provide rapid and efficient services to consumers.
Further, the report
states that the biggest hurdle is the rising fuel prices. Because of
high-priced fuel, the Trucking industry is facing many challenges, including an
increase in the demand for other modes of transportation for the movement of
freight.
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