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Drayage Services Market to grow by USD 3.60 Billion (2024-2028), driven by the expanding manufacturing sector, Report on how AI is redefining the market – Technavio – Technavio

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NEW YORK, Dec. 16, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global drayage services market  size is estimated to grow by USD 3.60 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.52%  during the forecast period. Growing manufacturing industry is driving market growth, with a trend towards growing e-commerce sector. However, shortage of skilled drayage drivers  poses a challenge. Key market players include Asiana USA, Boa Logistics LLC, ContainerPort Group Inc., Continental Logistics, Duncan and Son Lines Inc., Evans Delivery Co. Inc., G and D Integrated, Hub Group Inc., IMC Companies LLC, Interlog USA, ITS Con, J B Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., NFI Industries Inc., PLS Logistics, PORT CITY LOGISTICS, RoadOne IntermodaLogistics Inc., Schneider National Inc., Taylor Distributing Co., and Trinity Logistics Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Electronics and electrical, Food and beverage, Consumer goods and retail, and Others), Type (Inter-carrier drayage, Expedited drayage, Intra-carrier drayage, Pier drayage, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Asiana USA, Boa Logistics LLC, ContainerPort Group Inc., Continental Logistics, Duncan and Son Lines Inc., Evans Delivery Co. Inc., G and D Integrated, Hub Group Inc., IMC Companies LLC, Interlog USA, ITS ConGlobal, J B Hunt Transport Services Inc., Knight Swift Transportation Holdings Inc., NFI Industries Inc., PLS Logistics, PORT CITY LOGISTICS, RoadOne IntermodaLogistics Inc., Schneider National Inc., Taylor Distributing Co., and Trinity Logistics Inc.

Key Market Trends Fueling Growth

Drayage services play a crucial role in the logistics industry, facilitating the movement of freight between ports, harbors, warehouses, and intermodal transportation hubs like rail yards. With the boom in e-commerce sales and the need for fast delivery, drayage companies have become essential partners for retailers and manufacturers. Containers, the backbone of intermodal shipping, are moved using trucks, trains, and cargo ships. Drayage services help manage congestion, optimize transportation solutions, and ensure real-time visibility through digital platforms and GPS tracking. Emission standards, congestion management, and infrastructure development are key challenges. The e-commerce industry’s growth, urbanization, and infrastructure bottlenecks drive the need for cost-effective transportation and process automation. Regional variations, trade volumes, and port closures necessitate the use of real-time tracking systems, telematics, and optimization algorithms. The future of drayage services lies in digital platforms, artificial intelligence, blockchain, and autonomous vehicles. 

The e-commerce market is experiencing significant growth and is transforming retail and distribution channels. Customers prefer online shopping due to its convenience, easy access to alternatives, and home delivery services. The increasing use of the Internet and mobile devices is fueling the expansion of the global e-commerce industry. Asia Pacific is the fastest-growing region in this market, driven by the rising purchasing power of its middle class population. This trend has led to an increased demand for drayage services to facilitate the transportation of goods from warehouses to distribution centers and ultimately to consumers’ doors. 

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Market Challenges

The logistics service sector, including freight and shipping industries, faces several challenges in the modern business landscape. With the rise of e-commerce industries and essential goods, there is an increasing demand for fast delivery. Drayage services, which involve the transportation of containers and cargo from ports, harbors, and warehouses to rail yards and distribution centers, play a crucial role in this process. Intermodal shipping using containers and intermodal transportation via trucks, trains, and cargo ships require efficient coordination. Drayage companies face challenges such as infrastructure bottlenecks, congestion, and regional variations in trade volumes. The e-commerce boom and urbanization put pressure on infrastructure development and emission standards. Real-time visibility, data analytics, process automation, and optimization algorithms are essential for cost-effective transportation and efficient cargo handling. Challenges include port closures, containerization, and the need for real-time tracking systems using GPS, telematics, and cloud-based platforms. The integration of artificial intelligence, blockchain, and autonomous vehicles is expected to address some of these challenges. Emission standards, congestion management, and cargo security are also critical concerns.The drayage services market plays a crucial role in delivering goods to various destinations in a timely manner. A streamlined supply chain is essential to meet customer demands and ensure satisfaction. However, the market faces challenges, including a shortage of skilled drayage drivers. This issue is exacerbated by factors such as low wages, long working hours, and the implementation of electronic logging devices (ELDs). Additionally, traffic congestion around ports and metropolitan areas results in significant time spent waiting for delivery. Addressing these challenges is imperative to mitigate their impact on market growth and maintain an efficient drayage services supply chain.

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Segment Overview 

This drayage services market report extensively covers market segmentation by

End-user 1.1 Electronics and electrical1.2 Food and beverage1.3 Consumer goods and retail1.4 OthersType 2.1 Inter-carrier drayage2.2 Expedited drayage2.3 Intra-carrier drayage2.4 Pier drayage2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Electronics and electrical-  The electronics industry experienced a growth spurt in 2023, with expectations of continued significant expansion during the forecast period. Drayage services are essential for the seamless logistics and supply chain operations in the electronics and electrical segment. These services facilitate the transportation of components, parts, and raw materials from ports or manufacturing facilities to assembly plants or warehouses. The industry landscape has evolved over the last decade, with production shifting from high-cost countries to low-cost hubs like China. In 2022, the US, Hong Kong, and China were the top three electronics producers. China has been prioritizing eco-friendly manufacturing practices to reduce greenhouse gas emissions, contributing to increased inter-country trade and the demand for drayage services. The electronics industry’s focus on innovation and digitalization is driving the production of high-performance devices and household appliances, further fueling market growth for drayage services.

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Research Analysis

The Drayage Services Market plays a crucial role in the logistics industry, facilitating the movement of freight between ports, harbors, warehouses, and distribution centers. Drayage services involve the transportation of containers and cargo over short distances using trucks, trains, or intermodal transportation. This market is integral to the shipping industry, particularly for intermodal shipping and just-in-time delivery systems. Drayage companies use a variety of equipment, including shipping containers, trailers, and intermodal containers, to transport goods. Rail yards serve as essential hubs for intermodal transportation, allowing for seamless transfer between trucks, trains, and cargo ships. Real-time monitoring and GPS tracking are increasingly important tools for optimizing drayage operations and ensuring efficient, reliable delivery. The market for drayage services is driven by the growth of international trade and the need for timely, cost-effective transportation solutions.

Market Research Overview

The drayage services market encompasses the logistics segment that specializes in the transportation of freight, particularly containers, between ports, harbors, warehouses, and intermodal transportation facilities such as rail yards. This market plays a crucial role in the shipping industry, facilitating the movement of cargoes, including essential goods and those for the e-commerce industries, over short distances using trucks, trains, and cargo ships. With the e-commerce boom and urbanization, there is a growing demand for fast delivery and cost-effective transportation solutions. Drayage companies leverage digital platforms, real-time monitoring, and optimization algorithms to provide real-time visibility, data analytics, and process automation. Emission standards, congestion management, and infrastructure development are key challenges in this market, with regional variations and trade volumes influencing port and intermodal drayage, dedicated drayage for retail, manufacturing, automotive, chemicals, and consumer goods sectors. The integration of technologies like GPS tracking, telematics, cloud-based platforms, mobile applications, optimization algorithms, artificial intelligence, blockchain, and autonomous vehicles is transforming the drayage services landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userElectronics And ElectricalFood And BeverageConsumer Goods And RetailOthersTypeInter-carrier DrayageExpedited DrayageIntra-carrier DrayagePier DrayageOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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