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Less-Than-Truckload (LTL) Market to Grow by USD 110.7 Billion (2025-2029), Driven by E-Commerce Growth in Retail, AI’s Role in Market Transformation – Technavio

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NEW YORK, Feb. 3, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global Less-than-truckload (LTL) market size is estimated to grow by USD 110.7 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  6.8%  during the forecast period. Advances in e-commerce in retail sector is driving market growth, with a trend towards emergence of big data in global less-than-truckload (ltl) market  However, rising prices of ltl carriers  poses a challenge.Key market players include Addmotor Tech, Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Retail Ltd., Dahon North America Inc., e JOE Bike, Dahon, A-bike, Giant Bicycles, Helix, Bike Friday, Montague Bike, Brompton Bicycle, GOGOBIKE, Birdy Bike, FOREVER Bicycle, ENZO eBike, Kalkhoff Werke GmbH, Karbon Kinetics Ltd., Mighty Velo, Ming Cycle Industrial Co. Ltd.

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Less-Than-Truckload (LTL) Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 6.8%

Market growth 2025-2029

USD 110.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.4

Regional analysis

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

Performing market contribution

APAC at 60%

Key countries

China, US, Japan, Germany, Canada, India,
France, South Korea, UK, and Italy

Key companies profiled

Addmotor Tech, Autonix Auto Industries Pvt. Ltd.,
Benelli Biciclette, Brompton Bicycle Retail Ltd.,
Dahon North America Inc., e JOE Bike, Dahon, A-bike,
Giant Bicycles, Helix, Bike Friday, Montague Bike,
Brompton Bicycle, GOGOBIKE, Birdy Bike,
FOREVER Bicycle, ENZO eBike, Kalkhoff Werke
GmbH, Karbon Kinetics Ltd., Mighty Velo, Ming
Cycle Industrial Co. Ltd.

Market Driver

The Less-Than-Truckload (LTL) market is witnessing significant growth in various sectors like Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and E-commerce. Freight transport volume is increasing due to the rise in demand for retail products and MSME sector goods. Freight pricing trends are influenced by fuel prices, with petrol and diesel affecting truckers’ costs. Oil demand and marketing companies’ crude oil purchases impact freight transportation expenses. LTL services cater to small and medium shipments, offering scalability and affordability. Road freight services dominate the logistics sector, but air, rail, and ground shipping also play essential roles. Full Truckload carriers and specialized carriers serve industries with large cargo requirements, while LTL freight carriers cater to shippers with lower volume needs. Operational efficiency and economic conditions are crucial factors in LTL pricing, with density-based pricing becoming common. Startups and industrial shipping benefit from LTL’s flexibility. 

LTL logistics companies and shippers are leveraging big data to transform vast amounts of information into a competitive edge. Big data offers advantages such as customized services, identifying market trends, and agility for new business models. In the European logistics sector, the implementation of big data analytics is still in its infancy due to IT disparities. Big data significantly benefits the logistics industry in three key areas: operational efficiency, customer experience, and new business models. By optimizing core activities like resource utilization, delivery time, and geographical coverage, big data enhances operational efficiency. Improved customer experience is achieved through personalized services and real-time tracking. New business models can be developed based on data-driven insights, creating agility and innovation in the industry. 

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 Market Challenges

The Less-Than-Truckload (LTL) market faces unique challenges in various industries like Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying. Freight volume in these sectors can be unpredictable, making it difficult for freight transport services to optimize their truck capacity. E-commerce and MSME sector growth contribute significantly to the LTL market, increasing the demand for scalability and affordability. Freight pricing trends are influenced by fuel costs, truckers’ availability, and operational efficiency. Full Truckload carriers and specialized carriers cater to large shipments, leaving LTL services for small to medium-sized cargo. Density-based pricing and economic conditions impact LTL shipping costs. Logistics sector players must navigate these challenges while ensuring flexibility for shippers, adapting to retail and industrial shipping needs, and offering ground, air, and rail shipping solutions.The Less-Than-Truckload (LTL) market is currently facing several challenges that are driving up prices. Rising costs, increased demand, and surging e-commerce deliveries are putting pressure on LTL carriers. Additionally, there’s a shortage of qualified drivers, tightening Truckload (TL) capacity, and growing government regulations. LTL carriers are investing heavily in their trucks, drivers, and facilities to meet demand, but fuel expenses pose a significant risk. Volatility in fuel prices can impact their fuel surcharge revenues, making fuel costs a major concern for LTL profitability. Last-mile delivery operations also present challenges for LTL carriers, requiring them to maintain profitability while ensuring transparency and improving delivery efficiency.

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Segment Overview 

This less-than-truckload (ltl) market report extensively covers market segmentation by  

Type 1.1 Long-haul carriers1.2 Superregional carriers1.3 Regional carriersCapacity 2.1 Light LTL volume2.2 Heavy LTL volumeGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South AmericaEnd-User

1.1 Long-haul carriers-  The long-haul segment of the Less-Than-Truckload (LTL) market is the largest revenue generator, accounting for significant market share. Long-haul LTL carriers, also known as national carriers, transport shipments over long distances, typically within 3 to 5 days. The average haul length is around 1,200 miles. These carriers operate through a hub-and-spoke network and often have labor unions. The long-haul LTL market is projected to grow steadily due to economic activity. This segment uses a traditional hub-and-spoke model, where freight is collected, consolidated, and dispatched from a centralized location. Long-haul LTL carriers offer value-added services, including packing, unpacking, and door-to-door collection. Competition is intense in this market, with alternatives like railways, airways, and seaways. Many businesses outsource their freight needs due to the high investment and expertise required for in-house transportation. Contractual logistics providers offer efficient and timely transportation, benefiting both shippers and customers. Additional services provided by long-haul LTL carriers include project logistics, network planning, cargo insurance, value-chain optimization, and customs brokerage. With the rise in industrial activities worldwide, the long-haul LTL carriers segment is poised for growth during the forecast period.

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Research Analysis

The Less-Than-Truckload (LTL) market plays a crucial role in transporting various goods, including those from sectors like Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and Retail. LTL freight services offer scalability and affordability, making them an attractive option for MSMEs and shippers with smaller freight volumes. The logistics sector, particularly road freight services, benefits significantly from LTL shipping. Freight volume in the LTL market is influenced by factors such as e-commerce growth and the increasing demand for retail products. Freight pricing trends are influenced by factors like fuel prices, trailer capacity utilization, and cargo weight. The oil and gas industry, for instance, may require specialized LTL services for transporting equipment and supplies. Crude oil and other bulk commodities are typically transported via Full Truckload shipments, while LTL services are ideal for smaller cargo. Freight carriers offer flexibility in terms of pickup and delivery schedules, making LTL an attractive choice for businesses with varying shipping needs. The affordability and scalability of LTL services contribute to their growing popularity in various industries.

Market Research Overview

The Less-Than-Truckload (LTL) market caters to the freight transportation needs of various industries such as Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and Retail, among others. The market’s freight volume is significantly influenced by the MSME sector, E-commerce, and the Logistics sector’s growth. Freight pricing trends in the LTL market are influenced by factors like fuel prices, operational efficiency, and economic conditions. The market offers scalability, affordability, and flexibility, making it an attractive option for small and medium-sized shipments. Key industries like Manufacturing, Oil and Gas, and Mining and Quarrying often require specialized LTL services due to the density and nature of their cargo. The market comprises various players, including Full Truckload Carriers, Specialized Carriers, and Freight Carriers, catering to the diverse needs of shippers. The LTL market is influenced by factors like fuel prices (Petrol, Diesel), crude oil demand, and the pricing strategies of oil marketing companies. The market offers various shipping options, including Ground Shipping, Air Shipping, Rail Shipping, and Volume LTL services, with density-based pricing models. Truckers play a crucial role in the LTL market, ensuring timely and efficient transportation of cargo. The market’s operational efficiency is influenced by factors like trailer capacity, cargo handling, and delivery times. The LTL market’s future growth is expected to be driven by the increasing demand for retail products and the growing importance of the logistics sector in various industries.

Table of Contents:

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

TypeLong-haul CarriersSuperregional CarriersRegional CarriersCapacityLight LTL VolumeHeavy LTL VolumeGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth AmericaEnd-User

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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Technology

Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

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July 18, 2026

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Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen: 

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

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SOURCE Laifen

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Pillsbury Notice of Data Breach

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3 hours ago

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July 18, 2026

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html. 

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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4 hours ago

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July 18, 2026

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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