Key Takeaways
- The global freight and logistics market was valued at $9.58 trillion in 2022 and is projected to reach $14.10 trillion by 2028, growing at a CAGR of 6.7% from 2023 to 2028.
- In 2023, the U.S. freight transportation market generated revenue of $1.7 trillion, with trucking accounting for 72% of the total.
- Asia-Pacific held 38.2% share of the global logistics market in 2022, driven by e-commerce growth in China and India.
- In 2023, global seaborne trade volume reached 11 billion tons, up 2.4% from 2022.
- U.S. truck freight tonnage was 10.15 billion tons in 2022, accounting for 72.5% of domestic freight by value.
- Global container shipping capacity grew to 2.5 million TEU in 2023, with orderbook at 28% of fleet.
- The U.S. freight transportation industry employed 5.2 million workers in 2023.
- Trucking employed 3.5 million truck drivers in the U.S. in 2023, facing a shortage of 80,000.
- Global logistics workforce is estimated at 50 million people, with 10% annual turnover in warehousing.
- In 2023, 65% of logistics firms adopted IoT for fleet tracking.
- Blockchain pilots in supply chain reached 20% adoption in freight forwarding by 2023.
- Autonomous trucks tested: 40 million km by 2023 across Daimler, TuSimple.
- Global CO2 emissions from freight transport were 3.6 Gt in 2022, 14% of total transport emissions.
- Trucking accounts for 25% of U.S. GHG emissions from transport.
- IMO targets 40% reduction in shipping GHG by 2030 from 2008 levels.
Global freight logistics is a massive and steadily growing multi-trillion dollar industry.
Employment and Workforce
- The U.S. freight transportation industry employed 5.2 million workers in 2023.
- Trucking employed 3.5 million truck drivers in the U.S. in 2023, facing a shortage of 80,000.
- Global logistics workforce is estimated at 50 million people, with 10% annual turnover in warehousing.
- EU freight transport employs 12 million people, with 6 million in road haulage.
- China's logistics sector employed 50 million in 2022, up 5% YoY.
- U.S. port workers number 3.5 million, including 600,000 longshoremen.
- India logistics industry employs 22 million directly, 50 million indirectly.
- Global maritime workforce is 1.89 million seafarers in 2023, with 25% officers.
- U.S. rail industry employs 230,000 people in 2023, down 10% since 2014.
- Australia freight logistics employs 1.2 million, or 9.3% of workforce.
- Brazil trucking employs 1.7 million drivers, with high informality at 30%.
- Average age of U.S. truck drivers is 46 years in 2023, with 34% over 55.
- Global warehouse workers number 15 million, projected to grow 10% by 2025 due to e-com.
- Germany's logistics employs 3.3 million, 8% of total employment.
- 40% of U.S. logistics jobs require no college degree, median wage $48,500.
- Japan freight drivers total 3.5 million, facing shortage of 150,000.
- U.K. road haulage employs 300,000 drivers, 92,000 HGV vacancies in 2023.
- Women represent 8.4% of U.S. truck drivers in 2023, up from 5.2% in 2014.
- Canada logistics workforce is 800,000, with 20% growth expected by 2031.
- South Korea logistics employs 2.2 million, 7.8% of workforce.
- 25% of global seafarers are from Philippines, totaling 400,000.
- U.S. air cargo pilots number 15,000, facing retirement wave.
- Mexico trucking employs 500,000 drivers, 60% informal.
- Average logistics worker tenure is 4.2 years globally.
- EU women in transport workforce at 22%, lowest in road freight at 15%.
- 70% of U.S. warehouse jobs pay under $20/hour in 2023.
- Global drone delivery pilots needed: 50,000 by 2030.
- 15% of logistics jobs automated by AI by 2025, displacing 9 million.
Employment and Workforce Interpretation
Freight Volume and Capacity
- In 2023, global seaborne trade volume reached 11 billion tons, up 2.4% from 2022.
- U.S. truck freight tonnage was 10.15 billion tons in 2022, accounting for 72.5% of domestic freight by value.
- Global container shipping capacity grew to 2.5 million TEU in 2023, with orderbook at 28% of fleet.
- China's rail freight volume hit 4.47 billion tons in 2022, increasing 2.4% YoY.
- EU-27 road freight transport volume was 1,780 billion tonne-km in 2021, stable from previous year.
- World air cargo traffic volume was 62.6 million metric tons in 2022, down 4.5% from 2021 peak.
- U.S. intermodal rail container volume reached 14.2 million units in 2023, up 5% YoY.
- Global dry bulk trade volume was 5.24 billion tons in 2023, led by iron ore at 1.25 billion tons.
- India's freight traffic by rail was 1,425 million tonnes in FY2023, with coal at 51% share.
- Panama Canal container volume fell to 3.1 million TEU in FY2023 due to drought, down 10%.
- Brazil road freight volume was 6.2 billion tons in 2022, representing 65% of total freight.
- Global LNG sea transport volume reached 474 billion cubic meters in 2023, up 4%.
- U.S. barge freight tonnage on inland waterways was 630 million tons in 2022.
- Singapore port handled 39.0 million TEU in 2023, up 4.6% YoY.
- Australia's iron ore seaborne exports totaled 900 million tons in FY2023.
- Europe inland waterways freight volume was 343 billion tonne-km in 2022, led by Rhine.
- Global air freight capacity utilization averaged 58% in 2023, recovering from pandemic lows.
- Canadian rail freight volume was 337 million tons in 2022, intermodal up 3%.
- Suez Canal transit volume was 1.23 billion tons in 2023, down 35% due to Red Sea issues.
- Mexico rail freight volume reached 90 million tons in 2023, growing 8%.
- Global crude oil tanker loadings were 1.98 billion tons in 2023.
- U.K. rail freight tonnage was 59.7 million tonnes in 2022/23.
- South Africa port container throughput was 2.9 million TEU in 2023.
- Japan truck freight volume was 4.2 billion tons in FY2022.
- Global ro-ro freight volume grew 3.2% to 140 million units in 2023.
- Turkey rail freight volume was 47 million tons in 2023.
- Worldwide air express parcel volume exceeded 120 billion pieces in 2023.
- U.S. pipeline freight volume was 15.8 billion tons in 2022.
- Nigeria port container traffic was 1.46 million TEU in 2023.
- Global freight volume by value is expected to grow 3.5% annually to 2030.
Freight Volume and Capacity Interpretation
Market Size and Growth
- The global freight and logistics market was valued at $9.58 trillion in 2022 and is projected to reach $14.10 trillion by 2028, growing at a CAGR of 6.7% from 2023 to 2028.
- In 2023, the U.S. freight transportation market generated revenue of $1.7 trillion, with trucking accounting for 72% of the total.
- Asia-Pacific held 38.2% share of the global logistics market in 2022, driven by e-commerce growth in China and India.
- The European road freight transport market size was €456 billion in 2022, expected to grow to €520 billion by 2027 at a CAGR of 2.6%.
- Global air freight market revenue reached $210.4 billion in 2022, forecasted to hit $295.5 billion by 2030 with CAGR 4.3%.
- U.S. rail freight revenue was $81.2 billion in 2022, up 12% from 2021 due to intermodal growth.
- The maritime freight forwarding market size was $42.5 billion globally in 2023, projected to grow at 4.8% CAGR to 2030.
- India's logistics market was valued at $215 billion in FY22, aiming for $330 billion by FY25 under National Logistics Policy.
- Global third-party logistics (3PL) market size stood at $1.02 trillion in 2022, expected to reach $2.01 trillion by 2032 at CAGR 7.1%.
- China's freight logistics market revenue hit 14.8 trillion yuan in 2022, with express delivery segment growing 15.3% YoY.
- The contract logistics market globally was $259.16 billion in 2023, projected to $409.48 billion by 2030 at CAGR 6.8%.
- U.S. for-hire trucking industry revenue reached $940 billion in 2023, employing 8.5 million people.
- Global cold chain logistics market size was $298.51 billion in 2023, expected to grow to $647.47 billion by 2028 at CAGR 16.8%.
- Brazil's freight transport market was valued at $70 billion in 2022, with road transport dominating at 65% share.
- The international freight forwarding market size was $104.8 billion in 2022, forecasted to $152.3 billion by 2030.
- Germany's logistics market revenue was €361 billion in 2022, with freight forwarding at €28 billion.
- Global last-mile delivery market size reached $112.45 billion in 2023, projected to $254.62 billion by 2030 at CAGR 12.4%.
- Australia's freight and logistics sector contributed AUD 106 billion to GDP in 2021-22, or 4.4% of total GDP.
- The reverse logistics market globally was $653.24 billion in 2023, expected to reach $1,013.34 billion by 2030 at CAGR 6.5%.
- Japan's freight transport market size was ¥55.8 trillion in FY2022, with truck transport at 90% of volume.
- Global freight brokerage market size was $49.8 billion in 2022, projected to $109.1 billion by 2031 at CAGR 9.1%.
- South Korea's logistics market revenue reached KRW 220 trillion in 2022, growing 4.2% YoY.
- The warehousing and storage market globally was $451.45 billion in 2023, expected to $672.56 billion by 2030.
- Canada's trucking industry generated CAD 67 billion in revenue in 2022, representing 4.1% of GDP.
- Global multimodal freight transport market size was $1.2 trillion in 2022, projected to $1.8 trillion by 2030.
- Mexico's freight transport market was valued at $85 billion in 2022, with rail growing at 5% CAGR.
- The U.K. freight forwarding market size was £15.2 billion in 2022, expected to grow at 3.5% CAGR to 2027.
- Global parcel and express shipping market reached $443 billion in 2023, forecasted to $1,088 billion by 2032.
- Russia's freight transport market revenue was RUB 3.2 trillion in 2022, dominated by rail at 80% tonnage.
- Southeast Asia logistics market size was $315 billion in 2022, projected to $520 billion by 2027 at CAGR 10.5%.
Market Size and Growth Interpretation
Sustainability and Regulations
- Global CO2 emissions from freight transport were 3.6 Gt in 2022, 14% of total transport emissions.
- Trucking accounts for 25% of U.S. GHG emissions from transport.
- IMO targets 40% reduction in shipping GHG by 2030 from 2008 levels.
- EU ETS now covers 100% of maritime emissions from 2024.
- Global LNG-fueled vessels reached 500 in 2023, up 25%.
- U.S. rail freight emits 75% less GHG per ton-mile than trucks.
- 30% of global container ships to be zero-emission by 2030 pledge.
- India's National Logistics Policy aims for 13% logistics cost reduction to boost sustainability.
- Aviation fuel efficiency improved 25% since 2005.
- EU road freight CO2 standards mandate 15% cut by 2025.
- Biofuel usage in marine bunkers hit 5 million tons in 2023.
- U.S. EPA SmartWay program certified 4,000 partners, saving 1.2 Gt CO2 since 2004.
- Global port electrification: 20% of cranes electric by 2023.
- Hydrogen fuel cell trucks in pilots: 1,000 units by 2023.
- Carbon pricing covers 25% of global freight emissions via ETS.
- Sustainable aviation fuel (SAF) production reached 600,000 tons in 2023.
- Rail electrification in Europe at 60% of network.
- CBAM tariffs on embedded emissions start 2026 for imports.
- 40% reduction in packaging waste targeted by logistics firms by 2030.
- Noise regulations: 50% of EU airports with night bans.
- Circularity in logistics: 15% recycled materials in fleets.
- Waterway freight emits 80% less PM than road.
- Green Corridor initiatives: 10 major routes by 2023.
- Telematics reduces fuel use 10-15% in fleets.
- Biodiversity impact: 20% ports with nature-based solutions.
- Scope 3 emissions reporting mandatory for 40% of listed logistics firms.
- Electric road systems pilots cover 50 km in Sweden.
- Waste from pallets: 500 million tons annually targeted for reduction.
- IMO EEXI compliance: 90% of fleet retrofitted by 2023.
Sustainability and Regulations Interpretation
Technology and Innovation
- In 2023, 65% of logistics firms adopted IoT for fleet tracking.
- Blockchain pilots in supply chain reached 20% adoption in freight forwarding by 2023.
- Autonomous trucks tested: 40 million km by 2023 across Daimler, TuSimple.
- AI predictive analytics used by 55% of 3PL providers in 2023.
- Global 5G connections in logistics projected to 1.2 billion by 2025.
- Drone freight delivery market to grow at 55% CAGR to 2030.
- 45% of warehouses implemented robotics in 2023, up from 25% in 2020.
- Digital twin technology adopted by 30% of port operators in 2023.
- ELD compliance in U.S. trucking reached 98% by 2023.
- Big data analytics ROI in logistics averages 5.2x investment.
- 5G-enabled smart containers grew 300% in 2023.
- Computer vision for cargo inspection used by 25% of terminals.
- Cloud-based TMS market penetration at 70% in large firms 2023.
- AR/VR training modules adopted by 40% of logistics trainers.
- Edge computing reduces latency in freight routing by 50%.
- RPA automates 30% of freight billing processes in 2023.
- Satellite IoT devices in tracking: 10 million active in 2023.
- Quantum computing pilots for route optimization started by DHL in 2023.
- Digital freight platforms handle 15% of global spot rates in 2023.
- Cybersecurity incidents in logistics up 300% since 2020.
- NFC/RFID tags usage in warehouses at 60% penetration.
- Predictive maintenance via ML cuts downtime 20-50%.
- Hyperloop freight tests reached 200 km/h in 2023.
- Biometric access in depots adopted by 35% of EU firms.
- Metaverse platforms for virtual warehouse tours used by 10% leaders.
Technology and Innovation Interpretation
Sources & References
- Reference 1MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 2IBISWORLDibisworld.comVisit source
- Reference 3GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 4STATISTAstatista.comVisit source
- Reference 5ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 6AARaar.orgVisit source
- Reference 7FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 8IBEFibef.orgVisit source
- Reference 9PRECEDENCERESEARCHprecedenceresearch.comVisit source
- Reference 10MAXIMIZEMARKETRESEARCHmaximizemarketresearch.comVisit source
- Reference 11ATRRIatrri.orgVisit source
- Reference 12MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 13BUSINESSRESEARCHINSIGHTSbusinessresearchinsights.comVisit source
- Reference 14BVLbvl.deVisit source
- Reference 15INFRASTRUCTUREinfrastructure.gov.auVisit source
- Reference 16TRANSPARENCYMARKETRESEARCHtransparencymarketresearch.comVisit source
- Reference 17KPMGkpmg.comVisit source
- Reference 18TRUCKINGtrucking.caVisit source
- Reference 19MARKETRESEARCHFUTUREmarketresearchfuture.comVisit source
- Reference 20UNCTADunctad.orgVisit source
- Reference 21BTSbts.govVisit source
- Reference 22ALPHALINERalphaliner.comVisit source
- Reference 23ENGLISHenglish.gov.cnVisit source
- Reference 24ECec.europa.euVisit source
- Reference 25IATAiata.orgVisit source
- Reference 26FREIGHTWAVESfreightwaves.comVisit source
- Reference 27CLARKSONSclarksons.comVisit source
- Reference 28INDIANRAILWAYSindianrailways.gov.inVisit source
- Reference 29PANCANALpancanal.comVisit source
- Reference 30GOVgov.brVisit source
- Reference 31GIIGNLgiignl.orgVisit source
- Reference 32MPAmpa.gov.sgVisit source
- Reference 33DFATdfat.gov.auVisit source
- Reference 34ICAOicao.intVisit source
- Reference 35RAILCANrailcan.caVisit source
- Reference 36SUEZCANALsuezcanal.gov.egVisit source
- Reference 37SCTsct.gob.mxVisit source
- Reference 38IEAiea.orgVisit source
- Reference 39ORRorr.gov.ukVisit source
- Reference 40TRANSNETtransnet.netVisit source
- Reference 41MLITmlit.go.jpVisit source
- Reference 42RO-ROro-ro.comVisit source
- Reference 43TCDDtcdd.gov.trVisit source
- Reference 44IPCipc.beVisit source
- Reference 45EIAeia.govVisit source
- Reference 46NIGERIANPORTSnigerianports.gov.ngVisit source
- Reference 47MCKINSEYmckinsey.comVisit source
- Reference 48BLSbls.govVisit source
- Reference 49DELOITTEdeloitte.comVisit source
- Reference 50CHINAPOSTPRESSchinapostpress.comVisit source
- Reference 51AAPA-PORTSaapa-ports.orgVisit source
- Reference 52NITIniti.gov.inVisit source
- Reference 53ICS-SHIPPINGics-shipping.orgVisit source
- Reference 54NFFnff.org.auVisit source
- Reference 55CNTcnt.org.brVisit source
- Reference 56TTNEWSttnews.comVisit source
- Reference 57JLLjll.comVisit source
- Reference 58DSSLdssl.deVisit source
- Reference 59RHArha.uk.netVisit source
- Reference 60JOBBANKjobbank.gc.caVisit source
- Reference 61KOSTATkostat.go.krVisit source
- Reference 62CARGOFORWARDERcargoforwarder.euVisit source
- Reference 63CANACARRETERAcanacarretera.comVisit source
- Reference 64MERCERmercer.comVisit source
- Reference 65LOGISTICSMGMTlogisticsmgmt.comVisit source
- Reference 66DRONELIFEdronelife.comVisit source
- Reference 67WEFORUMweforum.orgVisit source
- Reference 68DELOITTEwww2.deloitte.comVisit source
- Reference 69INBOUNDLOGISTICSinboundlogistics.comVisit source
- Reference 70GSMAgsma.comVisit source
- Reference 71MODERNMATERIALSmodernmaterials.comVisit source
- Reference 72FMCSAfmcsa.dot.govVisit source
- Reference 73NUCLEUSRESEARCHnucleusresearch.comVisit source
- Reference 74CONTAINER-NEWScontainer-news.comVisit source
- Reference 75VISIONONLINEvisiononline.orgVisit source
- Reference 76GARTNERgartner.comVisit source
- Reference 77PWCpwc.comVisit source
- Reference 78CISCOcisco.comVisit source
- Reference 79UIPATHuipath.comVisit source
- Reference 80ORBCOMMorbcomm.comVisit source
- Reference 81GROUPgroup.dhl.comVisit source
- Reference 82FREIGHTOSfreightos.comVisit source
- Reference 83IBMibm.comVisit source
- Reference 84HYPERLOOPTThyperlooptt.comVisit source
- Reference 85THALESGROUPthalesgroup.comVisit source
- Reference 86JONESLANGLASALLEjoneslanglasalle.comVisit source
- Reference 87EPAepa.govVisit source
- Reference 88IMOimo.orgVisit source
- Reference 89CLIMATEclimate.ec.europa.euVisit source
- Reference 90THETIUSthetius.comVisit source
- Reference 91GETTINGZEROCARBONSHIPPINGgettingzerocarbonshipping.orgVisit source
- Reference 92DPIITdpiit.gov.inVisit source
- Reference 93TRANSPORTtransport.ec.europa.euVisit source
- Reference 94BIODIESELMAGAZINEbiodieselmagazine.comVisit source
- Reference 95PORTTECHNOLOGYporttechnology.orgVisit source
- Reference 96H2EUROPEh2europe.euVisit source
- Reference 97WORLDBANKworldbank.orgVisit source
- Reference 98ERAera.europa.euVisit source
- Reference 99TAXATION-CUSTOMStaxation-customs.ec.europa.euVisit source
- Reference 100ELLENMACARTHURFOUNDATIONellenmacarthurfoundation.orgVisit source
- Reference 101EASAeasa.europa.euVisit source
- Reference 102CIRCULARITY-GAPcircularity-gap.worldVisit source
- Reference 103PIANCpianc.orgVisit source
- Reference 104WEBFLEETwebfleet.comVisit source
- Reference 105ESPOespo.beVisit source
- Reference 106CDPcdp.netVisit source
- Reference 107E-ROADe-road.seVisit source
- Reference 108EPAL-PALLETSepal-pallets.orgVisit source






