Managed Transportation Services Market Report 2024

This Managed Transportation Services market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The managed transportation services market size has grown rapidly in recent years. It will grow from $11.03 billion in 2023 to $13.03 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The increase during the historic period can be ascribed to the growth of e-commerce, rising fuel prices, higher transportation management costs, an increased demand for flexible transportation solutions, and advancements in transportation network optimization.

The managed transportation services market size is expected to see rapid growth in the next few years. It will grow to $25.72 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The expected growth during the forecast period can be attributed to the increasing demand for real-time freight visibility, the need for efficient route planning solutions, a rise in demand for scalable transportation solutions, growing investment in digital transformation efforts, and a greater focus on enhanced customer service. Key trends during this period include technological advancements, the adoption of artificial intelligence and machine learning, real-time tracking, omnichannel logistics, and the integration of blockchain technology.

The expansion of the manufacturing sector is anticipated to drive growth in the managed transportation services market. The manufacturing sector includes industries involved in converting raw materials, components, or parts into finished products through the use of machinery, tools, and labor. This sector’s growth is fueled by advancements in automated systems and robotics, global trade agreements, improved international relations, and the development of transportation infrastructure. Managed transportation services contribute to manufacturing by offering expertise, technology, and strategic solutions to optimize transportation and logistics operations. These services lead to cost savings, enhanced efficiency, improved visibility, and better risk management, thereby supporting the overall success and competitiveness of manufacturing enterprises. For example, in February 2023, Statistics Canada, a Canadian government agency, reported a 17.9% increase in sales for Canada’s manufacturing sector, reaching $850.9 billion in 2022. Consequently, the growth of the manufacturing sector is driving the managed transportation services market.

Leading companies in the managed transportation services sector are focusing on advancing technologies such as visual AI technology to enhance logistics operations. Visual AI technology involves artificial intelligence systems that analyze visual data from images or videos to extract insights or perform tasks autonomously. For instance, in January 2024, RXO Inc., a US-based transportation solutions provider, introduced AI-powered truck check-in technology for warehouses and distribution centers. This technology uses advanced artificial intelligence to automate and streamline the truck check-in process, significantly reducing wait times and boosting operational efficiency. It features real-time vehicle recognition, automated scheduling, and dynamic dock assignment, optimizing the flow of incoming and outgoing shipments. The system integrates seamlessly with existing warehouse management software, offering real-time updates and efficient data transfer on truck status.

In April 2024, Quantix SCS LLC, a US-based supply chain services provider, acquired CLX Logistics LLC for an undisclosed amount. This acquisition is intended to enhance Quantix’s logistics and transportation management capabilities by incorporating CLX Logistics' expertise and technology. The acquisition aims to expand Quantix’s service offerings, improve operational efficiency, and strengthen its position in the supply chain management sector. CLX Logistics is a US-based company providing various services, including transportation management systems, managed services, and supply chain consulting.

Major companies operating in the managed transportation services market are UPS Supply Chain Solutions, FedEx Supply Chain, Oracle Corporation, Kuehne + Nagel International AG, SAP SE, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., J.B. Hunt Transport Services Inc., GEODIS, Ryder Systems Inc., Schneider National Inc., GlobalTranz, XPO Logistics Inc., Penske Logistics, Livingston International, Descartes Systems Group, Uber Freight LLC, MIQ Logistics, Aptean, Practical Law, Endicia, CLX Logistics LLC, Amber Road Inc., BluJay Solution, DHL Supply Chain, Supply Chain Brain.

Asia-Pacific was the largest region in the managed transportation services market in 2023. The regions covered in the managed transportation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the managed transportation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Managed transportation services (MTS) encompass a range of outsourced logistics and transportation management solutions offered by third-party providers to optimize and streamline an organization’s transportation operations. These services generally involve the planning, execution, and monitoring of transportation activities, utilizing technology, expertise, and strategic partnerships to improve efficiency, lower costs, and enhance overall supply chain performance.

The primary types of managed transportation services include planning and optimization, execution and operations, freight audit and payments, reporting and analytics, and consulting services. Planning and optimization involve strategic scheduling and route planning to ensure the efficient and cost-effective movement of goods. This includes demand forecasting, inventory management, and the use of advanced algorithms to refine delivery routes. Applications of these services span roadways, railways, waterways, and airways, and they are utilized across various industries such as manufacturing, retail, healthcare and pharmaceuticals, food and beverages, automotive, e-commerce, and others.

The managed transportation services market research report is one of a series of new reports that provides managed transportation services market statistics, including managed transportation services industry global market size, regional shares, competitors with a managed transportation services market share, detailed managed transportation services market segments, market trends, and opportunities, and any further data you may need to thrive in the managed transportation services industry. This managed transportation services 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 managed transportation services market includes revenues earned by entities by providing services such as carrier management, freight management, risk management and transportation management systems (TMS), real-time tracking systems, risk management tools and load optimization software. 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 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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