United States Freight and Logistics Market Size (2024)

The United States Freight and Logistics Market is projected to experience growth over the forecast period, with its market size expanding significantly. This growth is supported by substantial investments in port infrastructure and transportation networks, aimed at enhancing capacity and operational efficiency. Waterborne transportation plays a crucial role in US trade, while major airports and ports handle significant cargo volumes. The trucking industry also contributes to the market's expansion, supported by government infrastructure initiatives.

United States Freight and Logistics Market Analysis

The United States Freight and Logistics Market size is estimated at 1.33 trillion USDin 2024, and is expected to reach 1.67 trillion USD by 2030,growing at a CAGR of 3.90% during the forecast period (2024-2030).

The US Freight and Logistics Market is one of the most developed logistics markets globally, with advanced technological implementations in its fleet

United States Freight and Logistics Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.

• In November 2023, the Port Infrastructure Development Program (PIDP), overseen by the US Department of Transportation's Maritime Administration (MARAD), allocated over USD 653 million to support 41 port enhancement initiatives nationwide. These projects, spanning coastal seaports, Great Lakes ports, and inland river ports, aim to bolster capacity and operational efficiency. Notably, waterborne transportation handles a substantial share of both domestic and international US trade, accounting for over 2.3 billion short tons.
• Based on cargo tonnage in 2022, the top US cargo airports were Ted Stevens Anchorage International (11.55 million tons), Memphis International (11.39 million tons), Louisville Muhammad Ali International (8.02 million tons), Los Angeles International (6.77 million tons), and Miami International (5.16 million tons). In maritime trade, the Port of Los Angeles emerged as the largest US port in 2022, measured by TEUs (twenty-foot equivalent units) handled. The port processed nearly 6.8 million TEUs in 2021, up from around 6.5 million in 2019.
• In 2022, the trucking industry employed approximately 3.54 million drivers, marking a 1.5% rise from 2021. Furthermore, the broader trucking-related job market had around 8.4 million individuals employed in 2022. Highlighting the government's commitment to infrastructure, the Bipartisan Infrastructure Law (BIL), enacted in 2021, allocated USD 350 billion for highway programs, covering activities through September 30, 2026. BIL, spanning FY 2022 to 2026, earmarks USD 550 billion for federal investments in various infrastructure domains, encompassing roads, bridges, mass transit, water systems, resilience, and broadband.

United States Freight and Logistics Market Size Summary

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United States Freight and Logistics Market Size - Table of Contents

1. 1. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)

   1. 1.1 End User Industry

      1. 1.1.1 Agriculture, Fishing, and Forestry

      2. 1.1.2 Construction

      3. 1.1.3 Manufacturing

      4. 1.1.4 Oil and Gas, Mining and Quarrying

      5. 1.1.5 Wholesale and Retail Trade

      6. 1.1.6 Others

   2. 1.2 Logistics Function

      1. 1.2.1 Courier, Express, and Parcel (CEP)

         1. 1.2.1.1 By Destination Type

            1. 1.2.1.1.1 Domestic

            2. 1.2.1.1.2 International

      2. 1.2.2 Freight Forwarding

         1. 1.2.2.1 By Mode Of Transport

            1. 1.2.2.1.1 Air

            2. 1.2.2.1.2 Sea and Inland Waterways

            3. 1.2.2.1.3 Others

      3. 1.2.3 Freight Transport

         1. 1.2.3.1 By Mode Of Transport

            1. 1.2.3.1.1 Air

            2. 1.2.3.1.2 Pipelines

            3. 1.2.3.1.3 Rail

            4. 1.2.3.1.4 Road

            5. 1.2.3.1.5 Sea and Inland Waterways

      4. 1.2.4 Warehousing and Storage

         1. 1.2.4.1 By Temperature Control

            1. 1.2.4.1.1 Non-Temperature Controlled

            2. 1.2.4.1.2 Temperature Controlled

      5. 1.2.5 Other Services

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