Global Less than Truckload Market Research Report 2023

Less-than-truckload (LTL) is a shipping service for relatively small loads or freight. Less-than-truckload Services are offered by many large, national parcel Services as well as specialized logistics providers. These Services can accommodate the shipping needs of countless businesses that need to move goods frequently and in smaller batches. Less-than-truckload shippers offer economies of scale so that freight costs of individual shippers are minimized.

The global Less than Truckload market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Less-than-truckload Services have gained increased importance in today's economy. With the inexorable rise of e-commerce, quick shipments of products to customers are imperative for companies competing for sales. This means that their products must be inventoried in warehouses or distribution centers close to customers at all times. Often, a company will not wait until a wholesaler is running low on product inventory so that it can ship a full truckload of replenishment. Instead, it will more frequently ship less-than-truckload to mitigate the risk of potential loss of sales from lack of inventory for its distant customers. The shipping costs of its goods may be incrementally higher and the delivery time may be longer than for a dedicated full truckload, but the trade-off is more dependable inventory availability.

This report aims to provide a comprehensive presentation of the global market for Less than Truckload, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Less than Truckload.

The Less than Truckload market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Less than Truckload market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Less than Truckload companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Less than Truckload Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Long-haul Carriers

1.2.3 Superregional Carriers

1.2.4 Regional Carriers

1.3 Market by Application

1.3.1 Global Less than Truckload Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Domestic Shipping

1.3.3 International Shipping

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Less than Truckload Market Perspective (2018-2029)

2.2 Less than Truckload Growth Trends by Region

2.2.1 Global Less than Truckload Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Less than Truckload Historic Market Size by Region (2018-2023)

2.2.3 Less than Truckload Forecasted Market Size by Region (2024-2029)

2.3 Less than Truckload Market Dynamics

2.3.1 Less than Truckload Industry Trends

2.3.2 Less than Truckload Market Drivers

2.3.3 Less than Truckload Market Challenges

2.3.4 Less than Truckload Market Restraints

3.1 Global Top Less than Truckload Players by Revenue

3.1.1 Global Top Less than Truckload Players by Revenue (2018-2023)

3.1.2 Global Less than Truckload Revenue Market Share by Players (2018-2023)

3.2 Global Less than Truckload Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Less than Truckload Revenue

3.4 Global Less than Truckload Market Concentration Ratio

3.4.1 Global Less than Truckload Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Less than Truckload Revenue in 2022

3.5 Less than Truckload Key Players Head office and Area Served

3.6 Key Players Less than Truckload Product Solution and Service

3.7 Date of Enter into Less than Truckload Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Less than Truckload Historic Market Size by Type (2018-2023)

4.2 Global Less than Truckload Forecasted Market Size by Type (2024-2029)

5.1 Global Less than Truckload Historic Market Size by Application (2018-2023)

5.2 Global Less than Truckload Forecasted Market Size by Application (2024-2029)

6.1 North America Less than Truckload Market Size (2018-2029)

6.2 North America Less than Truckload Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Less than Truckload Market Size by Country (2018-2023)

6.4 North America Less than Truckload Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Less than Truckload Market Size (2018-2029)

7.2 Europe Less than Truckload Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Less than Truckload Market Size by Country (2018-2023)

7.4 Europe Less than Truckload Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Less than Truckload Market Size (2018-2029)

8.2 Asia-Pacific Less than Truckload Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Less than Truckload Market Size by Region (2018-2023)

8.4 Asia-Pacific Less than Truckload Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Less than Truckload Market Size (2018-2029)

9.2 Latin America Less than Truckload Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Less than Truckload Market Size by Country (2018-2023)

9.4 Latin America Less than Truckload Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Less than Truckload Market Size (2018-2029)

10.2 Middle East & Africa Less than Truckload Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Less than Truckload Market Size by Country (2018-2023)

10.4 Middle East & Africa Less than Truckload Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Deutsche Post

11.1.1 Deutsche Post Company Detail

11.1.2 Deutsche Post Business Overview

11.1.3 Deutsche Post Less than Truckload Introduction

11.1.4 Deutsche Post Revenue in Less than Truckload Business (2018-2023)

11.1.5 Deutsche Post Recent Development

11.2 FedEx

11.2.1 FedEx Company Detail

11.2.2 FedEx Business Overview

11.2.3 FedEx Less than Truckload Introduction

11.2.4 FedEx Revenue in Less than Truckload Business (2018-2023)

11.2.5 FedEx Recent Development

11.3 Kuehne + Nagel

11.3.1 Kuehne + Nagel Company Detail

11.3.2 Kuehne + Nagel Business Overview

11.3.3 Kuehne + Nagel Less than Truckload Introduction

11.3.4 Kuehne + Nagel Revenue in Less than Truckload Business (2018-2023)

11.3.5 Kuehne + Nagel Recent Development

11.4 United Parcel Service of America

11.4.1 United Parcel Service of America Company Detail

11.4.2 United Parcel Service of America Business Overview

11.4.3 United Parcel Service of America Less than Truckload Introduction

11.4.4 United Parcel Service of America Revenue in Less than Truckload Business (2018-2023)

11.4.5 United Parcel Service of America Recent Development

11.5 XPO Logistics

11.5.1 XPO Logistics Company Detail

11.5.2 XPO Logistics Business Overview

11.5.3 XPO Logistics Less than Truckload Introduction

11.5.4 XPO Logistics Revenue in Less than Truckload Business (2018-2023)

11.5.5 XPO Logistics Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Less than Truckload Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Long-haul Carriers

    Table 3. Key Players of Superregional Carriers

    Table 4. Key Players of Regional Carriers

    Table 5. Global Less than Truckload Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Less than Truckload Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Less than Truckload Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Less than Truckload Market Share by Region (2018-2023)

    Table 9. Global Less than Truckload Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Less than Truckload Market Share by Region (2024-2029)

    Table 11. Less than Truckload Market Trends

    Table 12. Less than Truckload Market Drivers

    Table 13. Less than Truckload Market Challenges

    Table 14. Less than Truckload Market Restraints

    Table 15. Global Less than Truckload Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Less than Truckload Market Share by Players (2018-2023)

    Table 17. Global Top Less than Truckload Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Less than Truckload as of 2022)

    Table 18. Ranking of Global Top Less than Truckload Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Less than Truckload Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Less than Truckload Product Solution and Service

    Table 22. Date of Enter into Less than Truckload Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Less than Truckload Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Less than Truckload Revenue Market Share by Type (2018-2023)

    Table 26. Global Less than Truckload Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Less than Truckload Revenue Market Share by Type (2024-2029)

    Table 28. Global Less than Truckload Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Less than Truckload Revenue Market Share by Application (2018-2023)

    Table 30. Global Less than Truckload Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Less than Truckload Revenue Market Share by Application (2024-2029)

    Table 32. North America Less than Truckload Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Less than Truckload Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Less than Truckload Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Less than Truckload Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Less than Truckload Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Less than Truckload Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Less than Truckload Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Less than Truckload Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Less than Truckload Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Less than Truckload Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Less than Truckload Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Less than Truckload Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Less than Truckload Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Less than Truckload Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Less than Truckload Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Deutsche Post Company Detail

    Table 48. Deutsche Post Business Overview

    Table 49. Deutsche Post Less than Truckload Product

    Table 50. Deutsche Post Revenue in Less than Truckload Business (2018-2023) & (US$ Million)

    Table 51. Deutsche Post Recent Development

    Table 52. FedEx Company Detail

    Table 53. FedEx Business Overview

    Table 54. FedEx Less than Truckload Product

    Table 55. FedEx Revenue in Less than Truckload Business (2018-2023) & (US$ Million)

    Table 56. FedEx Recent Development

    Table 57. Kuehne + Nagel Company Detail

    Table 58. Kuehne + Nagel Business Overview

    Table 59. Kuehne + Nagel Less than Truckload Product

    Table 60. Kuehne + Nagel Revenue in Less than Truckload Business (2018-2023) & (US$ Million)

    Table 61. Kuehne + Nagel Recent Development

    Table 62. United Parcel Service of America Company Detail

    Table 63. United Parcel Service of America Business Overview

    Table 64. United Parcel Service of America Less than Truckload Product

    Table 65. United Parcel Service of America Revenue in Less than Truckload Business (2018-2023) & (US$ Million)

    Table 66. United Parcel Service of America Recent Development

    Table 67. XPO Logistics Company Detail

    Table 68. XPO Logistics Business Overview

    Table 69. XPO Logistics Less than Truckload Product

    Table 70. XPO Logistics Revenue in Less than Truckload Business (2018-2023) & (US$ Million)

    Table 71. XPO Logistics Recent Development

    Table 72. Research Programs/Design for This Report

    Table 73. Key Data Information from Secondary Sources

    Table 74. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Less than Truckload Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Less than Truckload Market Share by Type: 2022 VS 2029

    Figure 3. Long-haul Carriers Features

    Figure 4. Superregional Carriers Features

    Figure 5. Regional Carriers Features

    Figure 6. Global Less than Truckload Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Less than Truckload Market Share by Application: 2022 VS 2029

    Figure 8. Domestic Shipping Case Studies

    Figure 9. International Shipping Case Studies

    Figure 10. Less than Truckload Report Years Considered

    Figure 11. Global Less than Truckload Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 12. Global Less than Truckload Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Less than Truckload Market Share by Region: 2022 VS 2029

    Figure 14. Global Less than Truckload Market Share by Players in 2022

    Figure 15. Global Top Less than Truckload Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Less than Truckload as of 2022)

    Figure 16. The Top 10 and 5 Players Market Share by Less than Truckload Revenue in 2022

    Figure 17. North America Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 18. North America Less than Truckload Market Share by Country (2018-2029)

    Figure 19. United States Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Canada Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Less than Truckload Market Share by Country (2018-2029)

    Figure 23. Germany Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. France Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. U.K. Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Italy Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Russia Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Nordic Countries Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Less than Truckload Market Share by Region (2018-2029)

    Figure 31. China Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Japan Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. South Korea Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Southeast Asia Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. India Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Australia Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Less than Truckload Market Share by Country (2018-2029)

    Figure 39. Mexico Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Brazil Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Less than Truckload Market Share by Country (2018-2029)

    Figure 43. Turkey Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Saudi Arabia Less than Truckload Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Deutsche Post Revenue Growth Rate in Less than Truckload Business (2018-2023)

    Figure 46. FedEx Revenue Growth Rate in Less than Truckload Business (2018-2023)

    Figure 47. Kuehne + Nagel Revenue Growth Rate in Less than Truckload Business (2018-2023)

    Figure 48. United Parcel Service of America Revenue Growth Rate in Less than Truckload Business (2018-2023)

    Figure 49. XPO Logistics Revenue Growth Rate in Less than Truckload Business (2018-2023)

    Figure 50. Bottom-up and Top-down Approaches for This Report

    Figure 51. Data Triangulation

    Figure 52. Key Executives Interviewed