The Latest Freight And Logistics Industry Statistics Explained
The global logistics market is forecast to reach $15.5 Trillion by 2023
The statistic that the global logistics market is forecast to reach $15.5 trillion by 2023 indicates the projected value of the worldwide logistics industry within the specified timeframe. This figure represents the total economic activity involved in the planning, coordination, and execution of the transportation and distribution of goods and services around the world. The forecasted growth suggests a significant expansion in the demand for logistics services driven by increasing global trade, e-commerce growth, and advancements in technology. Such a substantial market size projection highlights the importance and scale of logistics operations in supporting various industries and supply chains on a global scale.
Approximately 70.6% of all freight in the U.S. is moved by trucks
The statistic that approximately 70.6% of all freight in the U.S. is moved by trucks indicates the significant role that the trucking industry plays in the transportation of goods within the country. This statistic highlights the dominance of trucks as the preferred mode of transporting goods, showcasing their efficiency, versatility, and widespread use in the logistics and supply chain industry. The reliance on trucks for freight movement underscores the importance of infrastructure, regulations, and technological advancements within the trucking sector to ensure the smooth and effective transportation of goods across the vast geographical expanse of the United States.
In 2020, the US freight market was worth $1,591.7 billion
The statistic “In 2020, the US freight market was worth $1,591.7 billion” indicates the total value of goods and services transported within the United States during that year. This includes the costs associated with moving goods by various modes of transportation such as trucks, trains, ships, and airplanes. The size of the US freight market is a key indicator of economic activity and trade within the country, reflecting the scale of domestic production and consumption as well as international trade. This statistic highlights the significant role that the transport and logistics industry plays in supporting the economy by facilitating the movement of goods across the country.
The international freight forwarding market is expected to reach $207 billion by 2026.
The statistic “The international freight forwarding market is expected to reach $207 billion by 2026” indicates that the total value of the international freight forwarding industry is projected to grow to $207 billion by the year 2026. This forecast suggests significant growth in the market, reflecting an increase in the demand for international freight services over the coming years. Factors such as globalization, e-commerce growth, and increasing international trade are likely contributing to the expected expansion of the industry. This statistic provides valuable insight for market analysis, strategic planning, and investment decisions within the freight forwarding sector.
In 2020, the leading ocean freight companies moved around 5.2 million twenty-foot equivalent units (TEUs).
The statistic stating that in 2020, the leading ocean freight companies moved around 5.2 million twenty-foot equivalent units (TEUs) provides insight into the significant scale and volume of containerized cargo transportation that occurred during that year. A twenty-foot equivalent unit is a standard unit of measurement for shipping containers, and moving 5.2 million TEUs indicates a substantial amount of goods and products being transported via ocean freight. This statistic underscores the pivotal role that these leading ocean freight companies play in global trade and commerce, facilitating the movement of a wide range of goods across international waters. The sheer magnitude of TEUs showcases the efficiency and scale of the shipping industry in managing and transporting cargo worldwide.
E-commerce is expected to represent 21.8% of total retail sales worldwide.
The statistic that e-commerce is expected to represent 21.8% of total retail sales worldwide highlights the growing significance of online shopping in the retail industry. This percentage indicates that a significant portion of retail transactions globally are now being conducted through digital platforms, emphasizing the shift towards e-commerce as a preferred shopping channel for consumers. This data suggests that traditional brick-and-mortar stores face increasing competition from online retailers, prompting businesses to adapt their strategies to cater to the evolving landscape of consumer preferences and shopping behaviors. Furthermore, the projected growth in e-commerce reflects the continual integration of technology in retail operations and the increasing convenience and accessibility provided by online shopping platforms.
The rail freight sector moved 1.8 billion metric tons of freight in the U.S. in 2020.
The statistic that the rail freight sector moved 1.8 billion metric tons of freight in the U.S. in 2020 indicates the significant role that railways play in the transportation of goods within the country. This statistic highlights the massive volume of cargo that is being transported by rail, showcasing the efficiency and capacity of the rail freight sector. The sheer quantity of freight moved also suggests the importance of rail transportation in supporting various industries and supply chains across the nation, contributing to economic growth and infrastructure development. Additionally, this statistic serves as a key measure of the rail freight sector’s performance and its impact on the overall transportation industry in the U.S.
E-commerce sales are expected to hit $4.972 trillion worldwide in 2021, with an increase of 100% in delivery capacity required for same-day delivery.
The statistic stated that global e-commerce sales are projected to reach $4.972 trillion in 2021, indicating a significant growth in online retail transactions. Additionally, the statement highlights that there will be a substantial increase of 100% in delivery capacity needed to facilitate same-day delivery services to meet the escalating demand from online shoppers. This increase in delivery capacity signifies the importance of efficient logistics and fulfillment services to cater to the evolving expectations of consumers for faster order processing and delivery times in the e-commerce industry.
Freight rail moves more than 70% of the nation’s coal, about 58% of its raw metal ores, 1.6 million carloads of wheat, corn, and other agricultural products.
The statistic provided highlights the significant role that freight rail plays in transporting crucial commodities across the nation. Specifically, it indicates that more than 70% of the nation’s coal, about 58% of its raw metal ores, and a substantial amount of agricultural products like wheat and corn are moved via freight rail. This data underscores the importance of the rail transport industry in facilitating the movement of essential resources that drive various sectors of the economy. By efficiently carrying such large volumes of goods, freight rail contributes significantly to the functioning and productivity of industries dependent on these commodities, playing a vital role in the overall infrastructure and economy of the nation.
References
0. – https://www.www.statista.com
1. – https://www.www.marketresearchfuture.com
2. – https://www.www.iot-now.com
3. – https://www.www.trucking.org
4. – https://www.www.prnewswire.com
5. – https://www.www.aar.org
