GITNUX MARKETDATA REPORT 2024

Ai In The Ltl Industry Statistics

Use of AI in the LTL industry is expected to increase efficiency, improve predictive analytics, and enhance customer service.

Statistic 1

"the AI in the LTL (Less-Than-Truckload) Freight Transportation market size was valued at USD 550.1 million in 2019"

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Statistic 2

"AI in the LTL market is expected to grow at a compounded annual growth rate (CAGR) of 8% from 2020 to 2027"

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Statistic 3

"65% of the LTL freight logistics stakeholders are investing in AI technologies"

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Statistic 4

"About 75% of LTL supply chains will have incorporated AI learning algorithms into their operations by 2025"

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Statistic 5

"The USA accounts for 35% of the total market share of AI implementation in LTL transportation"

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Statistic 6

"The LTL industry has seen a reduction of manual errors by 25% since incorporating AI"

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Statistic 7

"The adoption of AI in the LTL industry has increased output by 30%"

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Statistic 8

"Autonomous trucks, powered by AI, could reduce operational costs of LTL freight transport by 45%"

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