Global FTL And LTL Transportation Market Growth (Status and Outlook) 2025-2031

The global FTL And LTL Transportation market size is predicted to grow from US$ 16350 million in 2025 to US$ 21240 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

Full Truckload (FTL) transportation refers to a shipping method in which a shipper contracts an entire truck or trailer to transport goods that fill the entire vehicle. FTL shipments are typically used for larger quantities of cargo that require dedicated truck space. Less Than Truckload (LTL) transportation is a shipping method where multiple shippers share space in a single truck. Each shipper"s goods are consolidated onto a single truck, and the carrier makes multiple stops to deliver various shipments along a route.

FTL transportation is a popular choice for businesses with large shipments or those that want their goods to be the sole cargo in a truck. It offers advantages such as faster transit times, reduced handling of goods, and often lower per-unit shipping costs for bulk items. The FTL market is highly competitive, with numerous carriers and brokers offering services to meet the demands of various industries. LTL transportation is ideal for businesses that have smaller shipments that do not require a full truck. It offers cost savings because shippers only pay for the space they use, making it a cost-effective choice for smaller loads. LTL carriers have extensive networks and routes, allowing them to efficiently serve a wide range of destinations and industries.

LPI (LP Information)' newest research report, the “FTL And LTL Transportation Industry Forecast” looks at past sales and reviews total world FTL And LTL Transportation sales in 2024, providing a comprehensive analysis by region and market sector of projected FTL And LTL Transportation sales for 2025 through 2031. With FTL And LTL Transportation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world FTL And LTL Transportation industry.

This Insight Report provides a comprehensive analysis of the global FTL And LTL Transportation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on FTL And LTL Transportation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global FTL And LTL Transportation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for FTL And LTL Transportation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global FTL And LTL Transportation.

This report presents a comprehensive overview, market shares, and growth opportunities of FTL And LTL Transportation market by product type, application, key players and key regions and countries.

Segmentation by Type:
FTL Transportation
LTL Transportation

Segmentation by Application:
Agricultural Products
Electronics
Food and Beverage
Industrial Products
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
YRC Freight
XPO Logistics
Old Dominion
UPS Freight
Estes Express Lines
ABF Freight
R+L Carriers
Saia Motor Freight Line
Southeastern Freight Lines
Holland Regional
J.B. Hunt
Schneider
Swift Transportation
Werner Enterprises

Please note: The report will take approximately 2 business days to prepare and deliver.