General Freight Trucking Global Market Report 2024

The general freight trucking market size has grown strongly in recent years. It will grow from $964.36 billion in 2023 to $1058.22 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The historical period's growth can be ascribed to a rise in exports of oil and gas, augmented government support, and expansion in the healthcare industry.

The general freight trucking market size is expected to see strong growth in the next few years. It will grow to $1502.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period is linked to the increasing sales in e-commerce, a heightened demand for food products, an increased need for raw materials in manufacturing industries, and the ongoing trend of rising urbanization. Noteworthy trends in the forecast period encompass the adoption of truck platooning for more efficient and cost-effective operations, integration of artificial intelligence (AI) in trucks, utilization of the Internet of Things (IoT) in trucks, deployment of fleet management software, and a focus on strategic partnerships and collaborations.

The general freight trucking market is expected to experience growth due to the increased use of telematics in the automotive sector. Telematics, a blend of telecommunications and informatics, involves utilizing communication and information technology for data transmission between devices and remote objects over a network. This technology has become essential in the trucking and transportation industries, providing fleet managers with crucial data about their vehicles and drivers. An example of this is Mix Telematics, a South Africa-based software company, which introduced MyMiX Tracking in January 2021. This app-based tracking solution aims to offer real-time monitoring capabilities, improving driver safety and risk management by allowing drivers to self-correct unsafe driving habits. Thus, the increased use of telematics in the automotive sector is expected to drive the growth of the general freight trucking market.

The growth of the general freight trucking market is anticipated with the expansion of the E-commerce industry. E-commerce involves the online trading of products, services, money, and data. In this context, general freight trucking plays a crucial role in facilitating the transportation of a diverse range of goods, from manufacturers to fulfillment centers and from fulfillment centers to consumers. Notably, in August 2023, the United States Census Bureau reported a 6.6% increase in retail e-commerce sales, reaching $269.5 billion in Q2 2023. As a result, the expansion of the E-commerce industry contributes to the growth of the general freight trucking market.


Major players in the general freight trucking market are actively pursuing innovative technologies, such as AI-based transportation systems, to enhance the reliability of their services for customers. AI-based transportation systems involve the integration of artificial intelligence (AI) technologies into the transportation sector, aiming to enhance traffic safety, operational efficiency, and the overall passenger experience. For example, in December 2022, CJ Logistics Corporation, a logistics company based in South Korea, introduced The Unban. This platform for freight transportation is uniquely designed, leveraging big data and artificial intelligence to establish direct connections between senders and freight trucks. Through this platform, truck owners handling goods can select a transportation offer based on information provided by bidders, including details about the departure and destination locations, as well as the type of cargo.


Major companies operating in the general freight trucking market report are United Parcel Service, Inc., Deutsche Post AG, FedEx Corporation, C.H. Robinson Worldwide, Inc., J.B. Hunt Transport Services, XPO Logistics, Inc., Ceva Logistics AG, , Landstar System, Inc., A.P. Moller – Maersk, Standard Vulcanizers, Freight Mart Logistics, Prime Transport Corporation, OM Logsitcs Limited, Wellfield Services Limitada, Doyun Logistics Co., Ltd., GKR Transport, Australian Container Freight Services, Jiangsu Kunyue Logistics Co Ltd., Kunshan Yunda Express Co Ltd., Changsha Sitong Moving Transport Co Ltd., Ningbo Jinxing Logistics Co Ltd., Simco Trans GmbH, Shanghai Ruiqiang Logistics Co Ltd., Sichuan Wangcang County Transport Co Ltd., Beijing Keyun Logistics Co Ltd., TNT Expressare, InstaFreight GmbH, Haberling, Smart Move Facilities Services Inc., Fixemer Real Estate, Kahmen TransCargo GmbH, House of Logistics and Mobility, AW Transport & Logistics GmbH, Livchem Logistics GmbH, DHL Express, Transportes Della Volpe Sa Comercio E Industria, Spice Logistics Private Limited, Pavages J.M. Beaulieu Inc., Les, Spares, Blackmine Outfitters Trucking Ltd., J & S Services Inc., R & C Weare Logging Ltd., N. W. White & Company, Bayshore Transportation System, Inc., Benny Whitehead, Inc., Koleaseco, Inc., Harper Investments, Inc., Pemex Logística, E.P.S., Frialsa Frigoríficos, S.A. de C.V., Bravo Servicos Logisticos Ltda, Ic Transportes Ltda, Tri Star Transport, Transportes Transvidal Ltda, Liderbras Logistica E Transportes Ltda, Xiamen C&D, Oilmar Shipping and Chartering DMCC, UB Freight Australia Pty Ltd., International Marine & Energy DMCC, Bin Jaraa General Transporting, Contracting & General Maintenance Company, Tianjin Jinshi Wukuang International Logistics Co Ltd., Reinhardt Transport (Pty) Ltd., The National Coal Supply Corporation Ltd., Alpha Omega International Trading Cc, Autocarrier Transport, Fpt Group (Pty) Ltd., Super Group Freight, Atteridgeville Bus Service (Pty) Ltd.

Asia-Pacific was the largest region in the general freight trucking market in 2023. North America was the second largest region in the general freight trucking market. The regions covered in the general freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the general freight trucking market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The general freight trucking market includes revenues earned by entities by providing transportation services for the movement of goods over long distances. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The primary categories in the general freight trucking market comprise local general freight trucking and long-distance general freight trucking. Local general freight trucking is responsible for transporting a wide array of commodities, typically palletized and carried in container or van trailers. The market is further categorized by size, encompassing heavy trucks, medium trucks, and light trucks. Additionally, it is segmented by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and other sectors.

The general freight trucking market research report is one of a series of new reports that provides general freight trucking market statistics, including general freight trucking industry global market size, regional shares, competitors with a general freight trucking market share, detailed general freight trucking market segments, market trends and opportunities, and any further data you may need to thrive in the general freight trucking industry. This general freight trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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