PUBLISHER: The Business Research Company | PRODUCT CODE: 1704401
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704401
Freight transport management involves the strategic planning, coordination, and optimization of goods movement between locations. It includes various tasks such as route planning, carrier selection, freight booking, shipment tracking, and logistics management. Its goal is to ensure efficient, cost-effective, and timely delivery of goods while maximizing resource utilization and minimizing operational complexities.
The primary offerings in freight transport management are solutions and services. Solutions are methods or approaches designed to effectively solve problems or address challenges. They can be deployed on-premises or in the cloud and are utilized for road freight, rail freight, air freight, and ocean freight. These solutions cater to various industries including manufacturing, retail, healthcare, oil and gas, food and beverage, among others.
The freight transport management market research report is one of a series of new reports from The Business Research Company that provides freight transport management market statistics, including freight transport management industry global market size, regional shares, competitors with a freight transport management market share, detailed freight transport management market segments, market trends and opportunities, and any further data you may need to thrive in the freight transport management industry. This freight transport management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The freight transport management market size has grown rapidly in recent years. It will grow from $27.28 billion in 2024 to $30.5 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increased globalization, growing population, increase in demand for goods and services, increase in government policies aimed at promoting global trade, and rising freight transportation.
The freight transport management market size is expected to see rapid growth in the next few years. It will grow to $46.99 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to trade expansion, the rise of the e-commerce industry, the increasing complexity of supply chains, the growing demand for freight management solutions, and rising transport volumes. Major trends in the forecast period include technological advancements, inclination of growth toward information technology, product innovation, investment in advanced transport management solutions, and advancements in freight transport management systems.
The growth of the e-commerce industry is expected to drive the expansion of the freight transport management market. E-commerce refers to the buying and selling of goods and services online, encompassing retail purchases, online auctions, digital downloads, and business-to-business transactions. The industry is experiencing rapid growth due to factors such as increased internet penetration, wider mobile connectivity, convenience-driven consumer behavior, and the continuous evolution of online shopping platforms and technologies. Efficient freight transport management is essential for the e-commerce industry to ensure timely delivery, optimize logistics operations, minimize shipping costs, and maintain customer satisfaction. For example, a report by the U.S. Census Bureau in February 2024 revealed that total e-commerce sales in the U.S. reached an estimated $1,118.7 billion in 2023, marking a 7.6% increase from 2022. E-commerce sales in 2023 accounted for 15.4% of total sales, up from 14.7% in 2022. As a result, the rise of the e-commerce industry is significantly contributing to the growth of the freight transport management market.
Key players in the freight transport management market are focusing on developing innovative software solutions, such as transport management software, to better serve customers with advanced features. Transportation management software (TMS) is a specialized software system utilized by logistics and supply chain professionals to plan, execute, and optimize the transportation of goods. For instance, in December 2022, WrxFlo, a supply chain software provider based in Ireland, introduced the WrxFlo Transport Management System. This software solution is tailored to help businesses efficiently manage the logistics of transporting physical goods across various modes of transportation, including land, air, or sea. The comprehensive platform enables companies to streamline operations by overseeing all transportation activities across their global supply chain. With WrxFlo TMS, haulage operators can efficiently plan, execute, and visualize logistics strategies in real-time, leading to time savings and cost reductions.
In October 2024, GEODIS, a France-based construction engineering company, acquired ITS (International Transport & Shipping Ltd.) for an undisclosed amount. This acquisition enhances GEODIS's presence in a key European market, furthering its goal of building a global end-to-end logistics network to support multinational clients, particularly within Switzerland's pharmaceutical industry. ITS (International Transport & Shipping Ltd.), based in Switzerland, provides fleet and asset-lite transportation services.
Major companies operating in the freight transport management market are DHL International GmbH, Amazon Web Services Inc., CEVA Logistics, Accenture Plc, IBM Corporation, Oracle Corporation, DSV A/S, SAP SE, Union Pacific Corp., Cleveland-Cliffs Inc., Geodis SA, DB Schenker, Landstar System Inc., Korber AG, Fusion Transport, Universal Logistics Holdings Inc., Transportation Insight LLC, SEKO Logistics Ltd., Covenant, Manhattan Associates inc., Descartes Systems Group Inc., IBS Software, JDA Software Group Inc., CTSI-Global, HighJump Software LLC
North America was the largest region in the freight transport management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the freight transport management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the freight transport management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The freight transport management market includes revenues earned by entities by providing services such as carrier selection, route optimization, freight forwarding, shipment tracking and visibility. 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.
Freight Transport Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on freight transport management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for freight transport management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The freight transport management market global report from the Business Research Company answers all these questions and many more.
The 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.