Report Code: A10334 | Pages: NA | Jul 2023 | 4053 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the B2b Freight Transportation Market
Request Now !Freight transportation is the physical process of transporting commodities, merchandise goods, and cargo. Transportation mainly takes place by sea, land, or air. Technological advancements have led to innovative ways of conceptualizing the process along with the development of new efficiencies. Network information has emerged with quick contacts and transaction times along with reliable shipments, which is estimated to drive the growth of the market.Â
COVID-19 scenario analysis:
Growth in demand for on-time delivery and cost-effective transportation is expected to drive the growth of the market. Moreover, the complexity of shipping and delivering goods along with inefficiency in controlling cost is expected to act as a challenge for the market growth. Furthermore, green freight and demand shift toward digitization are expected to create new opportunities for the B2B freight transportation market.
The B2B freight transportation market trends are as follows:
The demand for on-time delivery has been increasing mainly in the logistics industry, which has become a vital factor among its competitors. Introduction of several innovations in freight transportation for effective management of the transportation process has helped in the development of the market. Transportation management accounts for one-third of the logistics cost, which highly influences the performance of the entire market, thereby fueling the growth of the B2B freight transportation market.
Freight transportation offers a cost-effective management system, which helps local and small players to compete at the global arena. Industrial players and government agencies use their terms for fuel management, route planning, vendor management, freight optimization, and order management for the system within the freight transport management, which is expected to enhance operations over the forecast period.
Key benefits of the report:
Questions answered in the B2B freight transportation market research report:
B2B Freight Transportation Market Report Highlights
Aspects | Details |
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By Transportation Mode |
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By Shipment Type |
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By End-user Industry |
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By Region |
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Key Market Players | DHL International GmbH, CEVA Logistics, United Parcel Service of America, Inc., PANALPINA WORLD TRANSPORT (HOLDING) LTD., XPO Logistics, Inc., A.P. MOLLER & MAERSK, FedEx Corporation, ArcBest Corporation, Kuehne+Nagel International AG, DB Schenker |
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