According to the report by Expert Market Research (EMR), the United States cross border road freight transport market size reached a value of USD 1.12 billion in 2023. Aided by the increasing international trade activities, enhancements in trade agreements, and advancements in logistics and transportation technologies, the market is projected to further grow at a CAGR of 3.4% between 2024 and 2032 to reach a value of USD 1.52 billion by 2032.
Cross border road freight involves the transportation of goods by road vehicles across international borders. It plays an essential role in the economic integration of the United States with its primary trading partners, Canada and Mexico. The United States cross border road freight transport market expansion is closely tied to the efficiency, reliability, and cost-effectiveness of road transport, making it a preferred mode for many industries.
The United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA, has been instrumental in fostering trade relations and regulatory coherence among the North American countries. It provides a more streamlined and efficient framework for cross-border trade, which has been a boon for the road freight sector.
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Moreover, the market is benefiting from the expansion of e-commerce, which demands efficient logistics solutions to manage the cross-border flow of goods. As online shopping penetrates further into consumer habits, the need for reliable and timely deliveries continues to boost demand for road freight services.
Increasing economic integration with Canada and Mexico has led to a rise in trade volumes. This integration encourages the seamless movement of goods across borders, thereby bolstering the United States cross border road freight transport market share.
Technological advancements play a pivotal role in shaping the logistics sector. Modern tracking systems, enhanced fleet management software, and the implementation of telematics are improving the efficiency of cross-border road freight operations. These technologies help in real-time tracking of vehicles, optimizing routes, reducing delivery times, and improving overall service reliability.
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Innovations in transportation technology, such as GPS tracking, IoT connectivity, and automated logistics systems, have enhanced the efficiency and security of cross border road freight services. These technologies help in optimising routes, reducing transit times, and improving overall service reliability, leading to United States cross border road freight transport market development.
Additionally, the integration of blockchain technology is set to revolutionize the market by enhancing transparency and security in logistics operations, further streamlining the supply chain and reducing the potential for fraud in cross-border transactions.
Significant investments in border infrastructure and road networks facilitate quicker and more efficient freight movement. Enhanced infrastructure reduces bottlenecks and delays at border crossings, which are critical for time-sensitive deliveries.
Regulatory improvements aimed at simplifying customs procedures and reducing tariffs have further supported the United States cross border road freight transport market growth. Moreover, simplified processes decrease the time trucks spend at borders, improving turnaround times and reducing costs.
Market Segmentation
The market can be divided based on the service, type, platform, end use, and region.
Market Breakup by Service
- Cross-border Freight Transport
- International Transportation Management and Freight Forwarding
- International Warehousing and Logistics
Market Breakup by Type
- Less Than Truckload (LTL)
- Full Truckload (FTL)
Market Breakup by Platform
- Crowd Shipping Platform
- Digital Freight Exchange
- Specialised and Generic Marketplaces
- Tender Platform
Market Breakup by End Use
- Automotive
- Oil and Gas
- Chemicals
- Agriculture, Fishing, and Forestry
- Manufacturing
- Retail
- Healthcare and Pharmaceutical
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in United States cross border road freight transport market. Some of the major players explored in the report by Expert Market Research are as follows:
- United Parcel Service, Inc.
- Schenker AG
- C.H. Robinson Worldwide, Inc.
- J B Hunt Transport Services Inc.
- FedEx Corp.
- XPO Inc.
- Landstar System, Inc.
- Yellow Corp.
- Knight-Swift Transportation Holdings, Inc.
- Polaris Transportation Group
- WeFreight
- Others
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