The United States LTL market report segments the industry into End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and Destination (Domestic, International). Get five years of historical data alongside five-year market forecasts.

The less-than-truckload (LTL) trucking industry has experienced significant changes, driven by the ongoing boom in e-commerce and growth in the manufacturing and retail sectors. Vendors with numerous small shipments found LTL services economically advantageous as they combined their parcels with others in a single truck, optimizing space and reducing costs. This model increasingly attracted small and medium-sized enterprises. The industry also saw a rise in partnerships with local trucking companies and owner-operators, with LTL carriers subcontracting for first-mile pickup and last-mile delivery. However, the trucking industry faced a shortage of skilled drivers due to aging among its workforce and regulatory constraints on driving hours. Mergers, acquisitions and industry exits reshaped the marketplace in the current period as notable players like Yellow Exited, UPS divested its LTL business and other major companies pursued acquisitions. Revenue is expected to increase at a CAGR of 3.6% to $94.5 billion through the end of 2024, including growth of 1.2% in 2024 alone. Companies in this industry have adopted advanced transportation management systems to improve logistics efficiency, optimize routing and reduce costs. This technological shift helped accommodate fluctuating demand and ensured timely deliveries that align with consumer expectations for speed. The LTL trucking industry navigated a persistent driver shortage, offering competitive wages and benefits and maintaining operational stability despite workforce challenges. In addition, the contract-driven pricing model, being less reliant on volatile spot markets, provided a reliable revenue stream amid uncertain economic conditions. Still, rising insurance rates and maintenance costs pushed up other expenses and pressured profit. The Federal Reserve began lowering rates in the fall of 2024. The easing of monetary policy will improve credit conditions and drive consumer spending, supporting demand for LTL trucking services. Rising manufacturing and retail spending will push freight volumes higher as retail inventories grow. Autonomous trucks will gradually influence the LTL industry, especially on regional to long-haul routes, boosting efficiency but increasing barriers to entry. The LTL segment will likely become more concentrated, with large-scale contracts and major companies maintaining a competitive edge. The trucking industry's future - particularly for nonemployer establishments - will depend on regulations for electric vehicles, with higher entry costs and weight-related limitations heightening the industry's entry barriers. Industry revenue is set to expand by a CAGR of 1.7% to an estimated $103.0 billion through the end of 2029.

United States Less-than-Truck-Load (LTL) Market size was valued at USD 55.43 Billion in 2024 and is projected to reach USD 87.02 Billion by 2032, growing at a CAGR of 5.8% from 2025 to 2032.

United States Less-than-Truck-Load (LTL) Market: Definition/ Overview

Less-than-truckload (LTL) freight shipping involves smaller shipments not occupying an entire truck trailer. LTL carriers consolidate shipments from multiple customers onto a single truck, enabling cost-effective transportation for businesses that do not require a full truckload. This method particularly benefits smaller companies and those with frequent but smaller shipping needs.

Less-than-truckload (LTL) shipping is a cost-effective solution for businesses transporting smaller freight volumes that do not require an entire truck. By consolidating shipments from multiple shippers onto a single truck, LTL carriers optimize space utilization and reduce transportation costs for individual businesses.

In 2021, the total market size of the less-than-truckload industry in the United States is expected to reach almost ** billion U.S. dollars. Over the recent years, this market has experienced a continuous increase as a result of improving economic needs for inland freight transportation in the U.S.

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Less-Than-Truckload Market Size 2025-2029

The less-than-truckload market size is forecast to increase by USD 110.7 billion at a CAGR of 6.8% between 2024 and 2029. The market is experiencing significant growth, driven primarily by an increase in e-commerce sales in the retail sector. The increasing preference for faster and more flexible delivery options is fueling the demand for LTL services, as they offer cost-effective solutions for transporting smaller shipments over shorter distances.

Major Market Trends & Insights

APAC dominated the market and contributed 60% to the growth during the forecast period.
The market is expected to grow significantly in North America region as well over the forecast period.
Based on the Type, the Long-haul carriers segment led the market and was valued at USD 110.30 billion of the global revenue in 2023.
Based on the Capacity, the Light Shipments (Up to 1,000 lbs) segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 65.08 Billion
Future Opportunities: USD 110.7 Billion
CAGR (2024-2029): 6.8%
APAC: Largest market in 2023

Another key trend shaping the market is the emergence of big data, which is enabling LTL carriers to optimize their operations and improve customer service through real-time tracking and predictive analytics. However, the market is not without challenges, as rising prices and increasing competition are putting pressure on carriers to maintain profitability. Companies seeking to capitalize on the opportunities in this market must focus on innovation, operational efficiency, and customer service to differentiate themselves from competitors and meet the evolving demands of their customers. By staying abreast of these trends and challenges, LTL carriers can position themselves for long-term success in this dynamic and competitive market.

What will be the Size of the Less-Than-Truckload (LTL) Market during the forecast period?

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The market encompasses logistics services that cater to the transportation of smaller freight volumes, typically ranging from 150 to 20,000 pounds. This segment of the freight industry has experienced significant growth due to increasing demand for cost-effective and efficient shipping solutions. Carrier services in the LTL market employ advanced route optimization strategies to maximize shipping capacity and minimize freight costs. Freight volume in the LTL market is driven by various industries, including manufacturing, retail, and e-commerce, which require frequent and reliable cargo delivery. The market's direction is influenced by trends such as freight transport solutions that offer logistics efficiency, supply chain management, and freight tracking capabilities.
Last-mile delivery and LTL technology continue to shape the market, enabling shipment consolidation and the expansion of delivery networks. Regional freight transportation in the LTL market is characterized by competitive pricing models and a focus on small parcel shipping. The market's growth is further fueled by the increasing popularity of truckload alternatives, which offer cost savings and flexibility for businesses with lower shipping volumes. Freight optimization remains a key focus for LTL carriers, ensuring that freight transport remains competitive and responsive to the evolving needs of the market.

How is this Less-Than-Truckload (LTL) Industry segmented?

The less-than-truckload (LTL) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Long-haul carriers
  Superregional carriers
  Regional carriers


Capacity

  Light Shipments (Up to 1,000 lbs)
  Medium Shipments (1,000-5,000 lbs)
  Heavy Shipments (5,000 - 15,000 lbs)


End-User

  Agriculture, Fishing, and Forestry
  Construction
  Manufacturing
  Oil and Gas, Mining and Quarrying
  Wholesale and Retail Trade
  Others


Distribution Channel

  Direct Freight Carriers
  Third-Party Logistics (3PL) Providers
  Online Freight Marketplaces


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The long-haul carriers segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 110.30 billion in 2023. It continued to the largest segment at a CAGR of 6.53%.

The market encompasses medium shipments transported via ground shipping and, at times, air shipping. The long-haul carriers segment, comprising national LTL carriers, dominates the market. These carriers transport shi

The United States Less-than-Truckload (LTL) market, a cornerstone of the nation's logistics infrastructure, is experiencing robust growth fueled by several key factors. The expanding e-commerce sector, with its demand for efficient and cost-effective delivery of smaller shipments, is a significant driver. Furthermore, the increasing complexity of supply chains, leading businesses to outsource logistics to specialized providers, contributes to market expansion. The construction, manufacturing, and retail sectors, all major users of LTL services, are experiencing steady growth, further boosting demand. While fuel price fluctuations and driver shortages present ongoing challenges, technological advancements such as improved route optimization software and enhanced tracking systems are mitigating these issues and increasing operational efficiency. The market's segmentation by end-user industry (Agriculture, Fishing, and Forestry; Construction; Manufacturing; Oil and Gas; Mining and Quarrying; Wholesale and Retail Trade; Others) and destination (Domestic, International) reflects the diverse needs of various sectors and geographical reach of LTL carriers. Competition among established players like FedEx, UPS, and others, along with emerging players leveraging technology, ensures a dynamic and evolving landscape. The forecast for the US LTL market suggests continued expansion through 2033. Assuming a conservative CAGR of 4% (a reasonable estimate given industry trends and considering potential economic fluctuations), the market, estimated at $80 billion in 2025, could reach approximately $113 billion by 2033. This projection, however, is subject to macroeconomic factors such as inflation and potential recessions. Regional variations will likely exist, with densely populated areas and major industrial hubs exhibiting higher growth rates. The ongoing need for efficient and reliable delivery solutions across diverse industries and geographical locations underpins the market's long-term growth potential. Strategic alliances, acquisitions, and technological innovation will continue shaping the competitive dynamics within this significant sector of the US economy. Recent developments include: February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.November 2023: Dayton Freight Lines moves their Detroit Service Center and doubles in size with a brand-new facility. Built on 29-acres, the new Service Center increased its capacity with 132 dock doorsOctober 2023: Daylight Transport has opened the service center in Atlanta.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The United States Less-than-Truckload (LTL) market, a significant segment of the broader logistics industry, is experiencing robust growth, driven by the increasing e-commerce sector and the need for efficient and cost-effective freight transportation solutions. The market's value in 2025 is estimated at $XX million (replace XX with a realistic estimate based on publicly available market research data for similar periods, such as reports from IBISWorld or similar reputable sources, if this information is not provided. For example, if a similar market report suggests a size in the billions, then using a similar range would be appropriate). A Compound Annual Growth Rate (CAGR) of 5.98% from 2025 to 2033 projects significant expansion, reaching an estimated market size of approximately $YY million by 2033 (calculate YY based on the given CAGR and estimated 2025 market size). Key growth drivers include the continued expansion of e-commerce, leading to increased demand for smaller, more frequent shipments, and the ongoing growth in manufacturing and construction sectors. Furthermore, advancements in technology, such as improved route optimization software and real-time tracking capabilities, enhance operational efficiency and reduce costs, further fueling market expansion. However, the market also faces certain challenges. Fluctuations in fuel prices and driver shortages represent significant restraints on growth. Rising labor costs and intense competition among established players and emerging logistics companies create pressure on profit margins. To maintain competitiveness, companies are increasingly investing in technological upgrades and exploring strategic partnerships to optimize their supply chains and expand their service offerings. The market segmentation by end-user industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and destination (Domestic, International) reveals diverse growth opportunities across various sectors, creating a dynamic and competitive landscape. The leading companies listed demonstrate the market's consolidation and the competitive intensity within this lucrative sector. Recent developments include: February 2024: C.H. Robinson has developed a new technology that creates a major efficiency in freight shipping: removing the work of scheduling an appointment at the place where a load needs to be picked up and scheduling another appointment where the load needs to be delivered. The technology also uses artificial intelligence to determine the optimal appointment, based on transit-time data from C.H. Robinson’s millions of shipments across 300,000 shipping lanes.November 2023: Dayton Freight Lines moves their Detroit Service Center and doubles in size with a brand-new facility. Built on 29-acres, the new Service Center increased its capacity with 132 dock doorsOctober 2023: Daylight Transport has opened the service center in Atlanta.. Key drivers for this market are: Growing trade relations, Increased demand for perishable goods. Potential restraints include: Cargo theft, High cost of maintainig. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Get expert insights on United States Less Than Truckload (LTL) Market size, future trends, and business opportunities through 2034. Download the report now.

The United States less than-truck-load (LTL) market was valued at USD 117.42 Billion in 2024. The industry is expected to grow at a CAGR of 4.30% during the forecast period of 2025-2034 to attain a valuation of USD 178.89 Billion by 2034.

Less than Truckload (LTL) Market Outlook

The global Less than Truckload (LTL) market size is anticipated to grow from USD 175 billion in 2023 to USD 305 billion by 2032, registering a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is primarily driven by the expanding e-commerce industry and the increasing demand for efficient and cost-effective freight transportation solutions.

The growth of the LTL market is significantly influenced by the rapid expansion of the e-commerce sector. The surge in online shopping has led to an increased demand for timely and efficient delivery services, propelling the need for LTL shipments. E-commerce giants and small businesses alike are relying on LTL services to deliver goods quickly and efficiently. This trend is not just limited to developed economies but is also gaining traction in emerging markets, where e-commerce is witnessing exponential growth.

Another critical growth factor for the LTL market is the rising globalization and international trade. As businesses expand their operations across borders, the need for reliable and cost-effective freight transportation methods becomes crucial. LTL services offer a practical solution for companies looking to ship smaller quantities of goods without the need to bear the costs of full truckload services. This not only reduces transportation costs but also ensures timely delivery, thereby improving supply chain efficiency.

Technological advancements in logistics and transportation are also playing a pivotal role in the growth of the LTL market. The integration of advanced technologies such as IoT, AI, and blockchain has revolutionized the logistics industry. These technologies provide real-time tracking, enhance route optimization, and improve overall operational efficiency. Such innovations are making LTL services more reliable, transparent, and efficient, further driving their adoption across various sectors.

Long Haul Transportation plays a crucial role in the logistics industry, particularly for businesses that require the movement of goods over extensive distances. This type of transportation is essential for connecting regional and international markets, enabling companies to expand their reach and tap into new opportunities. Long haul transportation services are characterized by their ability to handle large volumes of freight and cover vast geographical areas. They are indispensable for industries such as manufacturing and retail, which rely on efficient supply chain management to ensure the timely delivery of products across borders. The demand for long haul transportation is expected to grow as global trade continues to expand, driven by the increasing need for reliable and cost-effective logistics solutions.

From a regional perspective, North America and Europe are currently the largest markets for LTL services. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The burgeoning e-commerce industry, coupled with increasing industrialization and urbanization in countries like China and India, is contributing to the rapid growth of the LTL market in this region. Additionally, favorable government policies and investments in infrastructure development are further boosting market growth in the Asia Pacific.

Type Analysis

The LTL market can be segmented by type into domestic and international shipments. Domestic LTL services are predominant, catering to businesses looking to move goods within a particular country. The domestic segment benefits from the robust logistics infrastructure and well-developed road networks in countries like the United States, Canada, and European nations. The demand for domestic LTL services is fueled by the need for efficient and cost-effective transportation solutions for small to medium-sized shipments, particularly from industries such as retail, manufacturing, and healthcare.

International LTL services, on the other hand, are gaining momentum as globalization and cross-border trade continue to expand. International LTL services are crucial for businesses engaged in import and export activities. These services offer the advantage of consolidated shipping, where multiple smaller shipments are combined into one larger shipment, reducing costs and improving efficiency. However, international LTL services face challenges such as varying regulations, customs clearance, and geopolitical factors, which

Employment statistics on the General Freight Trucking (Less Than Truckload) industry in the US

According to Cognitive Market Research, the Global FTL and LTL Shipping Services market was estimated at USD 14.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 4.30% from 2023 to 2030. What are the Main factors affecting the FTL and LTL Shipping Services market Growth?

Increasing Demand for the Online Shopping and E-Commerce Sectors Drives Market Growth

The volume of shipments has significantly increased due to the growth of online shopping. To get goods from distribution centers to customers' doorsteps, e-commerce companies need reliable and efficient transportation options. Increased shipping services are required due to increased demand for shipments. E-commerce businesses are pressured to offer smaller delivery windows as customers demand quicker and more convenient deliveries. To satisfy online customers' demand for prompt deliveries, businesses can use FTL and LTL shipping services to optimize routes and reduce transit times.

In 2019, the trucking sector made $791.7 billion in revenue while transporting 11.84 billion tons of freight. For a total of $772 billion in products, trucks transported 67.7% of surface freight between the United States and Canada and 83.1% of cross-border trade with Mexico.

(Source:www.trucking.org/news-insights/trucking-moved-1184-billion-tons-freight-2019)

Due to e-commerce, different shipping quantities and delivery specifications are frequently encountered. While LTL services handle smaller shipments, FTL services are used for bigger numbers. This adaptability guarantees that firms can effectively handle their shipping requirements, whether sending out individual products.

Growing Demand for Supply Chain Optimisation to Drive Market Growth

The FTL and LTL Shipping Services are growing significantly due to the need for supply chain optimization. Businesses across various industries have prioritized supply chain optimization to improve logistical performance, streamline operations, and cut costs. FTL and LTL Shipping Services are essential to achieving these goals, which boosts the market.

In 2020, the trucking sector transported 10.23 billion tons of freight and earned $732.3 billion. Trucks transported $695 billion worth of merchandise, or 70.9% of the value of surface trade between Canada and the United States and 83.8% of cross-border trade with Mexico.

(Source:www.trucking.org/news-insights/annual-trucking-trends-report-shows-impact-pandemic-industry)

Utilizing resources more effectively includes using cargo space and transportation equipment better. By combining several smaller shipments into one truckload with the help of FTL shipping services, businesses can make the most of their available space and minimize the number of trucks that are either unloaded or just partially loaded

What Factors Hinder the FTL and LTL Shipping Services Market Growth?

Fluctuating Cost of Fuel to Hinder Market Growth

The market for FTL and LTL Shipping Services is significantly constrained by the variable cost of gasoline. The operational costs and profitability of transport and logistics companies can be significantly impacted by fuel prices, limiting their capacity to offer competitive rates and sustain effective operations. Rising fuel prices may increase shipping costs for companies that depend on FTL and LTL Services.

How did COVID-19 Impact the FTL and LTL Shipping Services Market?

The COVID-19 pandemic significantly affected the FTL and LTL Shipping Services market, disrupting demand patterns and changing them across the logistics and transportation sectors. Due to plant closures, lockdowns, and movement restrictions brought on by COVID-19, supply chains were severely disrupted. Both FTL and LTL shipments were impacted by these delays, which led to decreased productivity and uneven demand for transportation services. Due to the rise in internet shopping and the number of individuals working from home, there was a higher demand for residential deliveries, increasing reliance on last-mile delivery services for LTL shipments. Introduction of FTL and LTL Shipping Services

The FTL and LTL Shipping Services market is crucial to supply chains and logistics. These services are essential for the flow of goods across various industries because they guarantee prompt and effective delivery while minimizing transportation expenses. Carriers, brokers, shippers, and technology co...

FedEx Freight was the top less-than-truckload (LTL) carrier in the United States and Canada in 2024, with a LTL revenue of nearly *** billion U.S. dollars. Old Dominion followed with an LTL revenue of *** billion dollars, while Estes Express Lines rounded out the top three with nearly **** billion.

United States Short Haul Road Freight Transport Market size was valued at USD 145.36 Billion in 2024 and is projected to reach USD 206.71 Billion by 2032, growing at a CAGR of 4.5% from 2025 to 2032.

Key Market Drivers Rising Urban Population Density: The explosive growth of online retail is fundamentally transforming the road freight requirements across the United States. According to the U.S. Department of Transportation's February 2024 report, e-commerce-related trucking volumes increased by 42% compared to the previous year. The surge in last-mile delivery services has created unprecedented demand for road freight transportation. Accelerating Last-Mile Innovation: The desire for frequent, smaller shipments to urban centres is being driven by the extraordinary population concentration in metropolitan areas. In city logistics, this demographic change has opened up new markets for short-haul trucking services.

Graph and download economic data for Producer Price Index by Industry: General Freight Trucking, Long-Distance Less Than Truckload: General Freight Trucking, Long-Distance Less Than Truckload (PCU4841224841221) from Jun 1992 to Jul 2025 about freight, trucks, PPI, industry, inflation, price index, indexes, price, and USA.

The US Road Freight Transport Market report segments the industry into End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), Destination (Domestic, International), Truckload Specification (Full-Truck-Load (FTL), Less than-Truck-Load (LTL)), Containerization (Containerized, Non-Containerized), Distance, and Goods Configuration.

The performance of long-distance freight truckers largely mirrors the US economy. In the period following the pandemic-induced slowdown, robust economic activity and increased consumer spending led to a surge in demand for transportation services. Ramping up manufacturing, retail and e-commerce sectors necessitated long-distance freight solutions incentivizing new entrants to enter the industry. Adopting just-in-time inventory management led to shorter haul distances, negatively impacting mileage and reducing revenue growth. Revenue is expected to increase at a CAGR of 0.4% to $285.8 billion through the end of 2025, including a growth of 1.3% in 2025 alone. Truckers are facing several ongoing challenges as they navigate economic cycles. The entry of new establishments during the economic rebound has amplified competition and pressured spot markets, which have stagnated as freight movements struggled to recover amid tightened monetary policy. Fuel price volatility continues to pressure small carriers that lack the scale of the larger fleets to obtain volume discounts. Despite challenges, there is a clear push for technological advancement, with businesses actively seeking to upgrade fleets with safety technologies, AI-driven route optimization and fuel-efficient solutions. Still, the drive for innovation is driving up purchase costs, which, combined with elevated fuel costs, have pressured profit and continue to keep it below 2019 levels even in 2025. Easing monetary policy is expected to drive a recovery in consumption and economic activity, leading to a rebound in growth as manufacturing, construction and retail sectors revitalize. Fleet electrification and integration into the broader supply chain are set to continue being the main priority for carriers, which continue to adapt to the evolving distribution trends. Despite the expected rebound in spot markets, private truckers are set to face financial pressures because of rising financing costs as lenders tighten amortization schedules. Well-established companies will lean on their diversified operations and strong cash flows to capitalize on the improving market conditions, allowing them to benefit from the turmoil. Industry revenue is expected to expand at a CAGR of 1.5% to an estimated $308.6 billion through the end of 2030.

Local freight truckers have enjoyed predominantly favorable conditions for top-line growth. Companies have increasingly adopted digital tools, such as sensors and cloud computing, to improve operational efficiency and optimize delivery routes. This period also witnessed substantial investment in intermodal transportation, as many truckers integrated their services with rail networks to offset competition and reduce fuel costs. However, the sector faced challenges with a structural driver shortage and high turnover rates, especially among large fleets. Rising consumer spending and confidence boosted manufacturing activity, which increased demand for truckers to carry input materials and finished products. Still, high interest rates have limited freight volumes for truckers carrying industrial products in 2023 and 2024. Revenue has climbed for local freight truckers despite the macroeconomic volatility, illustrating their established and resilient position in the US economy. Industry revenue has surged at a CAGR of 6.1% to an estimated $99.4 billion through the end of 2025, including a 1.1% expansion in 2025. The pressure from interest rates has led to a dip in revenue in 2023, particularly as manufacturing activities slowed down amidst cooling demand in key end-user sectors such as construction and mining. Meanwhile, regulatory changes are placing increased pressure on the industry, with new mandates from the EPA and NHTSA set to bring up operational and compliance costs. Trucking companies are also contending with the potential implications of speed limit regulations under consideration by the FMCSA. Rising fuel prices amid returning travel and lessened global supply allowed trucking companies to implement fuel surcharges to compensate for heightened input costs. Still, the industry's competitive nature doesn't allow truckers to fully pass rising costs downstream, forcing them to absorb a portion of the spikes in costs, which continued to pressure profit through the end of the period. Rising consumer spending and increased e-commerce activity are poised to boost demand for local freight services, creating opportunities for growth. As the industry continues to adapt to regulatory pressures, companies will need to invest in new technologies to meet emission standards and potentially transition to hydrogen or electric-powered trucks. However, these changes are projected to increase costs, pressuring profitability across the sector. Additionally, the continued push for vertical integration among large corporations and the growing competition from rail transport will present additional challenges. Despite these headwinds, the industry's ability to integrate intermodal solutions and enhance its operational efficiency is expected to position local freight truckers for sustainable growth through 2030. Revenue for local freight truckers is set to climb at a CAGR of 1.4% to an estimated $106.5 billion over the five years through 2030.

Fluctuations in consumer spending spurred volatility. The trucking industry has seen continued integration into the broader supply chain, with major companies investing in intermodal transportation to align their operations with shortline and Class I railroads. This integration aims to address the growing number of parcels requiring transportation and the burgeoning demand for last-mile delivery services. This period also witnessed ongoing efforts by companies to tackle a pressing shortage of skilled drivers, as many near retirement and fewer younger drivers enter the field. To counter this, organizations offered higher wages and comprehensive benefits packages and invested in new technology, training programs and apprenticeships. Notably, Federal initiatives like the Safe Driver Apprenticeship Pilot Program aimed to alleviate the driver shortfall. Revenue is expected to increase at a CAGR of 3.3% to $66.9 billion through the end of 2025, including growth of 2.2% in 2025 alone. Rising borrowing costs pressured the manufacturing sector and slowed revenue growth. Despite these hurdles, leading enterprises like J.B. Hunt and Schneider strengthened partnerships with railroad companies, optimizing their intermodal capabilities to enhance delivery reliability and speed. Amid the downturn in freight markets, specialized freight trucking enterprises maintained growth momentum by leveraging brand reputation and long-standing vendor relationships. Technological advancements, from AI-driven data analysis to CAS, continue to boost efficiency. Still, rising vehicle costs, elevated fuel prices and high operating expenses pressured profit. Advancements like geofencing and collision avoidance technology will make deliveries safer and increase efficiency and profitability. Electrification efforts will face hurdles due to shifting federal policies, weight limitations and uncertain private capital funding for necessary infrastructure. Economic stabilization will aid in revenue growth across sectors like retail, manufacturing and construction, further benefiting local specialized freight trucking by strengthening international trade and domestic manufacturing activity. Established enterprises with diversified revenue streams are poised to outperform smaller competitors by adopting cutting-edge technologies and securing long-term contracts. Industry revenue is set to expand by a CAGR of 1.8% to an estimated $73.2 billion through the end of 2030.

United States - Producer Price Index by Industry: General Freight Trucking, Long-Distance Less Than Truckload: Primary Services was 447.49800 Index Jun 1992=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: General Freight Trucking, Long-Distance Less Than Truckload: Primary Services reached a record high of 447.49800 in July of 2025 and a record low of 99.70000 in July of 1992. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: General Freight Trucking, Long-Distance Less Than Truckload: Primary Services - last updated from the United States Federal Reserve on August of 2025.