This statistic depicts the average repair and maintenance costs per mile for freight trucking in the United Sates between 2008 and 2018, broken down by segment. In 2018, the less-than-truckload segment reported average repair and maintenance costs of 0.18 U.S. dollars per mile.

This statistic depicts the average total marginal costs per mile for freight trucking in the United Sates between 2008 and 2020. In 2020, the average marginal cost was 1.65 U.S. dollars per mile, a decrease from 1.7 U.S. dollars in 2019.

The average freight revenue per ton-mile in U.S. truck traffic increased to ***** (current) U.S. cents. This figure refers to general freight common carriers, most of which are LTL (less-than-truckload) carriers, according to the source. Current values are unadjusted for inflation.

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Japan Road Freight Transport Market Size 2024-2028

The Japan road freight transport market size is forecast to increase by USD 9.56 billion at a CAGR of 6.15% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. E-commerce and the subsequent rise in last-mile delivery demands are major drivers, leading to an increase in road freight transportation. Additionally, the availability of substitutes, such as sea and air freight, is being outweighed by the convenience and cost-effectiveness of road freight. However, challenges remain, including regulatory issues, infrastructure constraints, and the aging workforce. Despite these challenges, the market is expected to continue its growth trajectory, making it an attractive investment opportunity for businesses looking to expand their logistics operations in Japan.

What will be the size of the Japan Road Freight Transport Market during the forecast period?

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The market is a critical component of the country's logistics sector, facilitating the movement of solid and fluid goods throughout the archipelago. The market encompasses various segments, including long haul and less-than-truck-load (LTL) services for full truckloads and small fleet operators. The network of roads in Japan is extensive, enabling door-to-door service for various industries, such as agriculture, e-commerce, and the CEP (Courier, Express, and Parcel) and VAS (Value-Added Services) sectors.
Moreover, investment in infrastructure is a significant trend, with real estate developers and the government investing in warehousing space to accommodate the growing demand for efficient storage solutions. The market is also witnessing the increasing adoption of technology, including online payments and automation, to streamline operations and enhance customer service. The light commercial vehicle segment is expected to grow due to the rising demand for flexible and cost-effective transportation solutions. Overall, the road freight market in Japan remains dynamic, driven by the evolving needs of industries and the continuous development of the logistics sector.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Manufacturing
  Automotive
  Consume goods
  Food and beverage
  Others


Vehicle Type

  Medium and heavy commercial vehicle
  Light commercial vehicle


Type

  Full truckload
  Less than truckload


Geography

  Japan

By End-user Insights

The manufacturing segment is estimated to witness significant growth during the forecast period.

The market plays a pivotal role In the logistics and supply chain sector, particularly for the manufacturing industry. Road freight is utilized for transporting raw materials, finished goods, and components between various production facilities and distribution centers. The demand for road freight services is driven by the need to efficiently move goods from manufacturers to retailers and consumers. This is crucial for Japanese manufacturing enterprises, which often have multiple production sites located in different regions. The transportation of raw materials and components to production facilities is also a significant function of the road freight market. The road sector provides a reliable and efficient means for manufacturers to deliver their products to market, ensuring a steady supply chain.

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The manufacturing segment was valued at USD 5.48 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Japan Road Freight Transport Market?

E-commerce and last-mile delivery is the key driver of the market.

The market is experiencing significant changes due to the rising production and exports in various sectors, including the leading brands In the automotive, electronics, and FMCG industries. Long haul transportation of solid goods, such as raw materials and finished goods, continues to dominate the market. However, the increasing demand for less than truckload (LTL) services and the emergence of small fleet operators catering to the needs of e-commerce deliveries have disrupted traditional business models. Fuel prices and tax hikes have been major challenges for truckers, leading to increased operating costs. The government's initiatives like Bhratamala Pariyojana an

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Freight Brokerage Market Size 2024-2028

The freight brokerage market size is forecast to increase by USD 17.6 billion, at a CAGR of 5.69% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing global demand for transportation and logistics services. This expansion is influenced by the presence of Free Trade Agreements and trade blocs at the global level, which foster international trade and the need for efficient freight management. The consolidation of the global shipping industry further intensifies market competition, as larger players seek to optimize their operations and offer comprehensive logistics solutions. However, the market faces challenges, including regulatory complexities and the need for technological innovation to streamline processes and enhance customer service.
Companies looking to capitalize on market opportunities must navigate these challenges effectively, focusing on regulatory compliance and investing in advanced technologies to improve operational efficiency and meet evolving customer expectations.

What will be the Size of the Freight Brokerage Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by dynamic market conditions and advancing technologies. Freight auctions and exchanges facilitate load matching through sophisticated algorithms, optimizing carrier network management and logistics operations. Cloud computing and digital freight platforms streamline data integration, enabling real-time business intelligence (BI) and route optimization. Seamless integration of brokerage fees, automated rate quotes, and software-as-a-service (SaaS) solutions enhances supply chain optimization, customs brokerage, and compliance regulations. Capacity planning, domestic shipping, and fleet management are optimized through data analytics and freight rate negotiation. Ocean freight, less-than-truckload (LTL), and intermodal transportation are transformed by advanced technologies, including real-time data analytics, fuel optimization, and API integration.

Time-sensitive shipments, tracking and visibility, and regulatory compliance are addressed through digital solutions. Environmental sustainability, hazardous materials handling, parcel shipping, and cross-border shipping are also influenced by these technological advancements. Industry associations and professional certifications ensure adherence to safety standards, while blockchain technology enhances data security. Freight forwarding, oversized cargo handling, and insurance coverage are further optimized through these innovative solutions. Air freight, rail freight, and compliance with safety regulations continue to shape the freight brokerage landscape.

How is this Freight Brokerage Industry segmented?

The freight brokerage industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Service

  LTL
  FTL
  Temperature-controlled freight
  Others


Mode Of Transportation

  Road
  Inland waterways and coastal shipping
  Others


Geography

  North America

    US


  Europe

    France
    Germany


  APAC

    China
    Japan


  Rest of World (ROW)

By Service Insights

The ltl segment is estimated to witness significant growth during the forecast period.

The Less-Than-Truckload (LTL) freight market is characterized by the use of carrier networks and logistics management systems, enabling cost-effective solutions for shipping small quantities of goods. These systems facilitate the integration of real-time data analytics and business intelligence for optimizing supply chain operations. LTL freight can be transported via various modes, including roadways, railways, airways, and waterways, with trucks offering the flexibility of faster delivery and last-mile services. Freight exchanges and auctions, powered by digital platforms and load matching algorithms, streamline the process of connecting shippers with available carriers. Industry associations and professional certifications ensure regulatory compliance and safety standards, while carrier network management tools optimize capacity planning and freight rate negotiation.

Cloud computing enables the integration of various services, such as automated rate quotes, API integration, and software-as-a-service (SaaS) solutions, further enhancing operational efficiency. Time-sensitive shipments, hazardous materials handling, and international shipping require specialized services, including customs brokerage and compliance regulations. Fuel optimization, freight claims, and insurance coverage are essential considerations for

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Rail Logistics Market Size 2024-2028

The rail logistics market size is forecast to increase by USD 56.9 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for efficient and eco-friendly goods carriage. The use of wheeled vehicles on fixed routes offers numerous advantages, including reduced fuel consumption and lower carbon emissions compared to truckload transport. Market trends include the increasing adoption of cloud technology for optimizing rail intermodal operations and enhancing safety. However, challenges persist, such as weather turbulences disrupting schedules and the risks associated with public-private partnerships (PPPs) in rail infrastructure development. Despite these challenges, the rail logistics sector continues to evolve, offering opportunities for stakeholders to innovate and improve the efficiency and sustainability of freight transportation.

Furthermore, the use of hybrid trains, which consume less energy than traditional trains, is another trend in the market. Additionally, cross-border freight transport is becoming easier and more cost-effective with the advancements in rail logistics. However, stakeholders must be aware of the risks associated with Public-Private Partnerships (PPPs) in rail logistics projects. Overall, the market is an essential component of the global logistics industry, providing a sustainable and efficient alternative to road transport.

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Rail logistics plays a vital role in the transportation of goods, especially in the context of cross-border trade activities and trade contracts. This sector encompasses the use of wheeled vehicles on tracks to move cargo from one place to another, ensuring a secure and efficient transport system. Safety is a top priority in rail logistics, with weather turbulences and other unforeseen circumstances posing potential challenges. To mitigate these risks, rail logistics relies on fixed routes and schedules to minimize disruptions. Rail intermodal, a critical component of rail logistics, enables the seamless transfer of cargo between different modes of transport, such as trucks and trains.

Additionally, mining activities, in particular, benefit from rail logistics due to the large volumes of raw materials transported over long distances. Infrastructure development plays a pivotal role in the growth of the rail logistics market. Advanced technologies, such as IoT (Internet of Things), AI (Artificial Intelligence), and autonomous train development, are revolutionizing the industry, enabling real-time monitoring, predictive maintenance, and optimized scheduling. Autonomous train development is another area of focus in rail logistics, with the potential to revolutionize the industry by reducing human error and increasing operational efficiency. Mining activities, in particular, can greatly benefit from the use of autonomous trains due to their heavy cargo requirements and remote locations.

In addition, infrastructure development is crucial to the growth of the market. Governments and private organizations are investing in the expansion and modernization of transportation infrastructure to accommodate the increasing demand for secure and reliable transportation solutions. E-commerce and last-mile rail transportation are emerging areas of interest in rail logistics. As e-commerce continues to grow, the need for efficient and cost-effective last-mile transportation solutions becomes increasingly important. Rail logistics offers a viable alternative to traditional truckload transport, providing a more sustainable and cost-effective solution for the final leg of the delivery journey. In conclusion, rail logistics plays a crucial role in the transportation of goods, offering a secure, efficient, and sustainable alternative to traditional truckload transport. With the adoption of advanced technologies and infrastructure development, the market is poised for continued growth and innovation.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Intermodals
  Tank wagons
  Freight cars


Geography

  Europe

    Germany
    UK


  APAC

    China
    India


  North America

    US


  Middle East and Africa



  South America

By Type Insights

The intermodals segment is estimated to witness significant growth during the forecast period. Intermodal transportation, which involves the use of multiple freight modes to move goods from origin to destination, is gaining popularity among shippers due to its flexibility and efficiency. This mode of transport is particularly beneficial for those sending mu

The comparison between drones and conventional logistical means has been gaining popularity over the last few years, especially with the challenges presented by COVID-19. Since the pandemic, the need for relative autonomy to combat the effects of isolation on staffing and the increase in e-commerce during that period has led to increased research into the use of drones and other autonomous means.

What would the costs be?

Between the three major transportation options for last-mile logistics, there will be a significant difference between the percentage of costs in Sweden. For truck logistics, the largest predicted percentage of costs is projected to be staff costs, making up around ** percent of all costs during the vehicles' lifespan. By contrast, staff costs could make up just * percent of all drone-related costs, a significantly smaller figure compared to truck-related logistics. With regards to drones, the majority of costs is forecast to come from fuel and the purchasing of the drone itself, with fuel making up around ** percent of all costs. In terms of truck-related logistics, the cost of fuel will only make up * percent of costs for e-trucks and ** percent for diesel-powered trucks respectively.

Are drones the future of logistics?

As drones have become more accessible, the average drone price has seen a steady decline since 2018. This steady decline has arguably fueled the last mile logistics market interest and development in the use of drones, with people living in European cities expressing an eagerness to try delivery drones. Despite the obvious and far-reaching positives of using drones in the last-mile logistics industry, the technology is still relatively new and thus requires more development. There should be an increased use of drones in the not-so-distant future, but the reliance on land and water-based logistics solutions will also remain.

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Thailand Logistics Market Size and Trends

The Thailand logistics market size is forecast to increase by USD 14.87 billion at a CAGR of 4% between 2023 and 2028. The market is experiencing significant growth due to the increase in e-commerce and retail industries. Warehousing and distribution have become essential components of this market, as businesses strive to meet increasing consumer demands for faster delivery times. The use of advanced technologies, such as blockchain, is revolutionizing logistics by enhancing transparency and security. However, challenges persist, including longer lead times and supply-demand imbalances. In response, companies are turning to third-party logistics (3PL) and fourth-party logistics (4PL) providers for expertise in conventional logistics, e-commerce logistics, and both forward and reverse logistics. These facilities utilize advanced systems, such as conveyor belts, automated storage and retrieval systems (AS/RS), and robotic arms, to manage inventory and fulfill orders. Domestic and international logistics continue to be crucial areas of focus, with road transportation playing a significant role in ensuring the timely and efficient delivery of consumer electronics and other goods. As the market continues to evolve, staying informed about these trends and challenges is essential for businesses looking to succeed in the logistics industry.

Market Analysis

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The market is undergoing significant transformations, driven by advancements in technology and shifting consumer preferences. These trends are shaping the way businesses manage their supply chains and deliver products to customers. Warehousing is a crucial aspect of logistics, and automation is becoming increasingly prevalent. Automated warehouses are being adopted to streamline operations, reduce labor costs, and improve efficiency. E-commerce is a major catalyst for change in the logistics industry. Online purchases have led to an increase in home delivery facilities and the need for last-mile delivery solutions. Drones and autonomous vehicles are being explored as potential solutions to address the challenges of delivering goods to consumers in an efficient and cost-effective manner. Electric vehicles are gaining popularity in logistics due to their environmental benefits and cost savings. Green logistics solutions are becoming essential as businesses strive to reduce their carbon footprint and meet sustainability goals. Supply chain services are being revolutionized by digital technologies, such as logistics monitoring systems and blockchain. These solutions provide real-time visibility into supply chain operations, enabling businesses to optimize their processes and improve customer satisfaction. The use of IoT-enabled devices and tech-driven logistics is also on the rise. These technologies enable real-time tracking and monitoring of inventory, transportation, and delivery, leading to improved efficiency and accuracy. Inbound and outbound logistics are being transformed by automation and digitalization. Second party logistics providers are leveraging these technologies to offer more value-added services to their clients.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Application

  Transportation
  Inventory holding
  Administration


End-user

  Manufacturing
  Automotive
  Retail
  Healthcare
  Others


Geography

  Thailand

By Application Insights

The transportation segment is estimated to witness significant growth during the forecast period. Logistics refers to the management of the flow of goods from the point of origin to the destination, encompassing the planning, execution, and control of procurement, transportation, and storage. This crucial aspect of supply chain management includes various services such as freight forwarding and multimodal transport via sea, road, air, and rail.

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The transportation segment was the largest segment and was valued at USD 28.57 billion in 2018. In the retail and e-commerce sectors, particularly for consumer electronics, effective logistics is essential to ensure timely delivery and customer satisfaction. Two primary types of logistics are conventional and e-commerce. Conventional logistics deals with the transportation and storage of goods for businesses with physical retail locations. E-commerce logistics, on the other hand, focuses on the delivery of products directly to consumers. Hence, such factors are fuelling the growth of this segment during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A ho

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Singapore 3PL Market Size 2024-2028

The Singapore 3PL market size is forecast to increase by USD 1.62 billion at a CAGR of 6.78% between 2023 and 2028. In Singapore's 3PL market, international deliveries continue to rise due to the increasing number of e-commerce companies setting up shop in the region. To manage this growth, many businesses are establishing in-house logistics teams and investing in advanced logistics software for freight-management and shipment management. The use of technology, such as logistics software and government systems, is essential for monitoring the delivery process and ensuring last-mile connectivity. Additionally, the collaboration between shipowners, cargo agents, freight forwarders, and other stakeholders plays a crucial role in the efficient movement of goods. However, the high operational costs associated with running a 3PL business can be a significant challenge.

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The market has been a crucial component of the country's economic strength, playing a significant role in supporting businesses in managing their core operations more effectively. This market caters to various industries, including but not limited to, e-commerce, trading activities, and international deliveries. The 3PL industry in Singapore offers a range of services, including inventory management, logistics and distribution, cross-docking, and customer experience management. These services enable businesses to focus on their core competencies while outsourcing the complexities of managing their supply chain.

Furthermore, scalability is a key benefit of engaging a 3PL provider in Singapore. Businesses can leverage the provider's resources and expertise to expand their operations without the need for significant capital investments in infrastructure and technology. Additionally, 3PLs offer risk mitigation solutions, ensuring businesses are protected against unforeseen events that could impact their supply chain. The market is known for its asset utilization and asset sharing alliances. These collaborations allow businesses to optimize their transportation modes and service types, leading to cost savings and improved efficiency. Dedicated contract carriage is also an option for businesses seeking a more customized logistics solution.

Moreover, Singapore's strategic location as a global trading hub and its advanced infrastructure make it an attractive destination for businesses looking to penetrate the overseas market. The national logistics portal facilitates seamless communication and coordination between stakeholders, ensuring a long-term partnership that benefits all parties involved. Parts distribution is another area where 3PLs in Singapore excel. By providing efficient and reliable distribution services, businesses can reduce their inventory holding costs and improve their overall supply chain performance. The economic strength of Singapore, coupled with its strong business environment, makes it an ideal location for businesses looking to establish a presence in the Asia Pacific region.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Service

  Transportation
  Warehousing and distribution
  Value-added services


End-user

  Manufacturing
  Automotive
  Consumer goods
  Food and beverage
  Others


Geography

  Singapore

By Service Insights

The Transportation segment is estimated to witness significant growth during the forecast period. In Singapore's 3PL market, businesses outsource their transportation needs to specialized providers due to the significant investment and expertise required. This sector encompasses various modes, such as road, rail, air, and sea. Outsourcing freight delivery enables companies to gain a competitive edge, as 3PL suppliers ensure efficient and timely shipments. The 3PL industry offers a range of services, including freight forwarding, project logistics, network design, cargo insurance, optimization, and customs brokerage. With technological advancements, the transportation segment of the market continues to evolve. International deliveries are facilitated through advanced logistics software, enabling real-time shipment management and delivery process monitoring. Last-mile connectivity solutions streamline the final leg of the delivery process.

Furthermore, government systems collaborate with 3PLs, freight-management companies, shipowners, cargo agents, and freight forwarders to ensure seamless cross-border trade. Overall, the market plays a crucial role in the efficient and effective movement of goods, enabling businesses to focus on their core competencies.

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Cruise ships and short-haul flights are the most carbon intensive modes of transportation, emitting approximately *** and *** g CO₂e per pkm, respectively. On average, electric cars have a lower carbon footprint than diesel and gas cars, with approximately ** g CO₂e per pkm. However, this figure varies depending on the source of electricity for charging EV batteries.