Global Drayage Transportation Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Drayage Transportation Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Drayage refers to a specialty logistics service that carries freight over a short distance in the shipping and logistics industries. It is a specialized field in supply chain that involves pulling of containers in & out of ports, harbours, and warehouses. Drayage Transportation is the process of moving shipping containers and cargos from one point to another via ship, rail, or trucking drayage. Moreover, Drayage Transportation is an essential part of intermodal shipping process.

Market Overview:

The latest research study on the global Drayage Transportation Management market finds that the global Drayage Transportation Management market reached a value of USD 5557.95 million in 2022. It’s expected that the market will achieve USD 8126.98 million by 2028, exhibiting a CAGR of 6.54% during the forecast period.

Influence of COVID-19 Outbreak on Drayage Transportation Management Industry Development

With the gradual control of the COVID-19 epidemic, some factories and companies have begun to resume work, and the Drayage Transportation Management industry has also begun to recover. However, enterprises need to protect the life and health of employees in the process of operation, such as purchasing masks, disinfectants and other anti-epidemic materials, disinfecting the working environment, and checking the temperature of employees every day to ensure the health of employees. These measures will increase operating costs and affect the development of enterprises.
The ongoing pandemic has led to an unprecedented crisis that has wreaked havoc on economic sectors and labor markets in countries around the globe. For example, measures such as full or partial lockdowns have caused companies to fail and various people to lose their jobs. At the same time, companies with normal production need to invest more costs in the protection of employees, and the Drayage Transportation Management industry is no exception.

Drivers

The U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) and the Federal Highway Administration (FHWA) have jointly released a new version of freight traffic forecast data from the Freight Analysis Framework (FAF). According to published long-term forecasts, from 2020 to 2050, U.S. freight volumes will increase by 50% to 28.7 billion tons, and the value will double to $36.2 trillion (in 2017 dollars). Drayage Transportation Management is an important component in cargo transportation, and the increase in cargo transportation will promote the development of Drayage Transportation Management market.
The development of e-commerce has brought a lot of convenience to people. People can do shopping without going out and using a computer or mobile phone, and the price is cheap. With the development of e-commerce, e-commerce has become an important part of people's daily life. According to Statista, Revenue from retail e-commerce in the United States was estimated at roughly 644 billion U.S. dollars in 2020. Revenue from retail e-commerce in the United States was estimated at roughly 768 billion U.S. dollars in 2021. The Statista Digital Market Outlook forecasts that by 2025, online shopping revenue in the U.S. will exceed 1.3 trillion dollars. The good market outlook for e-commerce creates huge momentum for Drayage Transportation Management.

Region Overview:

West USA had the highest growth rate of all regions.

Company Overview:

JB Hunt Intermodal is one of the major players operating in the Drayage Transportation Management market, holding a share of 10.41% in 2022.

J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more.

Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

Segmentation Overview:

Among different product types, Seaways segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Industrial Transportation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Drayage Transportation Management market covered in Chapter 3:

IMC Companies
JB Hunt Intermodal
Schneider
ContainerPort Group
NFI
Evans
RoadOne Intermoda Logistics
ITS ConGlobal (ITSC)
Port City Logistics
Hub Group
Swift Intermodal
XPO Logistics, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Drayage Transportation Management market from 2018 to 2029 is primarily split into:

Seaways
Railway

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Drayage Transportation Management market from 2018 to 2029 covers:

Electronics and Electrical Transportation
Food and Beverage Transportation
Consumer Goods and Retail Transportation
Industrial Transportation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)