DUBLIN, Mar. 25, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/9kvsgj/local_specialized) has announced the addition of the "Local Specialized Freight Trucking Market in the US 2015-2019" report to their offering.
The analysts forecast the Local Specialized Freight Trucking market in the US to grow at a CAGR of 4.12% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Local Specialized Freight Trucking market in the US for the period 2015-2019. To calculate the market size, this report considers the revenue generated by local specialized freight trucking service providers.
Local specialized freight trucking is a transportation service which is primarily involved with short and long distance specialized good transport, with movement of goods between different states. The freight transported consists of dry bulk materials, bulk liquids, or automotive equipment. Also, vendors in the market often provide value-added services, such as loading and unloading, documentation services, door-to-door delivery, and packaging services. They also provide strategic and operational value to shippers worldwide. Currently, specialized freight service providers are improving logistics services by introducing innovative SCM.
An increase in M&A is expected to enable companies to expand their customer base and product and service portfolios, boosting the growth of the market. Currently, vendors in the market are focusing on providing different types of value-added logistics services such as the assortment and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities necessary in the process.
According to the report, developed roads and highways drive the growth of the market, as they provide the smooth movement of freight and reduce transportation times. Also, freight service providers are equipped with a modern fleet of vehicles that provide technology-enabled services, such as GPS tracking and automated handling and storage services.
Further, the report states that the rising cost of fuel increases the operational costs of road transportation service providers . Rising fuel costs are expected to add to the operational expenses, causing a decline in the growth of the market in the US.
On the basis of type of products transported, the Local Specialized Freight Trucking market in the US is segmented as follows:
- Automobiles and Heavy Equipment
- Bulk Liquids
- Dry Bulk Materials
- Forest Products
- Refrigerated Goods
Key Vendors
- American Rail Center Logistics
- CEVA Logistics (Americas)
- DHL
- FedEx Freight
- United Parcel Service
For more information visit http://www.researchandmarkets.com/research/9kvsgj/local_specialized
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
