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Dublin, July 17, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/ptsm43/domestic_freight) has announced the addition of the "Domestic Freight Market in the US 2015-2019" report to their offering.
The domestic freight market in the US to grow at a CAGR of 4.52% in terms of revenue and 2.63% in terms of volume over the period 2014-2019.
This report covers the present scenario and the growth prospects of the domestic freight market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated by freight service providers and the volume of freight transported through different modes of transportation. It also presents the vendor landscape and corresponding detailed analysis of the top 11 vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also summarizes the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Vendors in this market are continuously adopting the M&A strategy to increase their global presence, expand their product portfolio, and achieve economies of scale in various SCM processes. To establish a global presence, mergers take place between companies in different regions. This enables companies to deliver services at all points along the SCM. Thus, M&A allows companies to expand their global customer base and portfolio of products, solutions, and services. For instance in September 2013, Jack Cooper agreed to buy Allied Systems for $135 million.
According to the report, the logistics infrastructure in the US is well-developed with modern technology-enabled warehouses and transportation carriers. The road infrastructure is characterized by direct multi-lane broad roads connecting states which reduces transportation time. In addition, freight service providers have a modern fleet of vehicles that are equipped with technologies such as GPS tracking, and automated handling and storage services.
Further, the report states that an increase in government regulations in the commercial logistics industry since 2010 has restricted the growth of the domestic freight market in the US, resulting in high operational costs.
Based on type of freight, the market is classified into the following segments:
Based on mode of transportation, the market is segmented into the following:
Other Prominent Vendors
For more information visit http://www.researchandmarkets.com/research/ptsm43/domestic_freight
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