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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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AI-Powered Connectivity: APAC Charts a Path to a Smarter Digital Future

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Asia-Pacific’s first Broadband Development Summit brings regulators and operators to Bangkok to set the agenda

BANGKOK, July 19, 2026 /PRNewswire/ — Government officials, standards bodies and telecom operators gathered in Bangkok on 14 July for the inaugural Broadband Development Summit APAC 2026, convened by the World Broadband Association (WBBA) to build consensus on AI-era networks.

Participants included the ITU, Thailand’s National Board of the Digital Economy and Society, WBBA, IAB, FNCAP, WAA, NIDA and the IPv6 Council, alongside operators Telkomsel, XLSmart, Surge, Globe, AIS, CMI and HKT and Huawei.

Denny Deng, President of Huawei Asia Pacific Carrier Business, envisions a “faster, smarter, greener” Asia-Pacific.

VOICES FROM THE SUMMIT

“To seize the opportunities of the AI era, we call on the industry to accelerate broadband evolution, advance computing-network synergy, and strengthen the cross-border connectivity. Together, let us build faster, smarter, and greener digital infrastructure for Asia-Pacific.”
— Denny Deng, President of Asia Pacific Carrier Business, Huawei

“High-speed broadband is no longer just about ‘getting online’ — it is the vital infrastructure upon which the entire AI revolution is being built. We view AI not merely as a tool, but as a primary engine for national competitiveness and a catalyst for improving the quality of life for all.”
— Wetang Phuangsup, Ph.D., Secretary-General, the National Board of the Digital Economy and Society, Thailand

“Three initiatives define the road to 2030. We must close the quality divide so the value of broadband reaches everyone. We must build AI-ready networks — 10G access, 800GE cores, intelligence end to end. And we must do it together, through shared standards.”
— Martin Creaner, Director General of WBBA

“Moving towards next-generation networks, network architectures must continue to evolve to deliver broader connectivity, superior quality, enhanced security, and greater intelligence. This evolution is essential for Net5.5G, positioning the network not simply as infrastructure, but as the foundation that enables AI, strengthens resilience and efficiency, and supports digital transformation across industries.”
— Dhruv Dhody, Industry Standardization Expert at Huawei, Chair of the IAB, IETF

“Across Asia-Pacific, fibre is extending beyond homes and offices into rooms, devices, and machines. By working together, we can accelerate fibre innovation and adoption to build truly AI-ready infrastructure.”
— Ilham Nandana, Chair of the Market Intelligence Committee, Fiber Network Council APAC (FNCAP)

“We fixed it before you feel it!  AIS is redefining premium home broadband by combining ultra-fast connectivity with AI-driven network intelligence and smart home ecosystem — delivering proactive, invisible service excellence that transforms connectivity into differentiated customer value and sustainable ARPU growth.”
— Thanit Chaiyaboonthanit, Head of Technology Department, Broadband Business, AIS

“Connecting the Unconnected: Affordable Broadband at Scale. Create equal access to global information and empower Indonesia’s digital society.”
— Shannedy Ong, CTO of Surge Indonesia

“Beyond Connectivity: Telkomsel is transforming into a true value creator. By leveraging our FBB market-leading footprint, we power growth through service excellence, customer loyalty, and a next-generation home ecosystem.”
— Stanislaus Susatyo, Director of Sales, Telkomsel Indonesia

“We stopped treating AI as an add-on feature. Instead, our approach at Globe starts with architecture, embedding intelligence into the very core of how we build, how we sell, and how we operate.
AI continuously monitors network health, customer behavior and service quality. Rather than waiting for failures, the system predicts degradation and initiates corrective actions. By maintaining minute-level awareness of network health, our systems automatically resolve 30% of all Wi-Fi issues without any human intervention.”
— Danny Theseira, Head of Broadband Business Group at Globe Telecom

“Huawei is driving the Optics-AI Synergy to foster their collaborative growth. Through AI-ON, operators could build an AI-centric all-optical target network and establish 1-5-20ms latency circles across the Asia Pacific region. AI-ON also supports efficient computing access and usage while delivering an ultimate network experience through gigabit/ultra-gigabit home broadband, accelerating the widespread adoption of AI services.”
— Kim Jin, Vice President & Chief Marketing Officer Optical Business Product Line, Huawei

“Connectivity is not just about technology. It is a lifeline, a platform for opportunity, and a driver of sustainable development. I believe the intersection of connectivity and artificial intelligence will shape the future of smarter, more resilient networks.”
— Dr. Cosmas Zavazava, Director of the Telecommunication Development Bureau, ITU

“Performance and user experience are the essential path to the next-generation WLAN. Based on standards and AI-driven innovation, let’s jointly explore the path to the future autonomous WLAN with all the stakeholders.”
— Dr. Crane H. Yang, Secretary-General, World WLAN Application Alliance (WAA)

“At the summit, NIDA and WBBA signed an MOU to accelerate next-generation network evolution and establish pioneering smart city benchmarks through the co-development of industry standards, the harmonization of global regulations, and the sharing of vertical industry insights.
NIDA focuses on advancing network architecture standards, while WBBA drives global consensus on broadband evolution. This natural strategic complementarity creates vast opportunities for future collaboration.”
— Joey Deng, Secretary-General of NIDA

“ION-2030 develops the global standard for next generation optical networks in the AI era. It provides exceptional AI application and service experience. The WBBA and ITU will jointly accelerate its development, and this is a unique opportunity for Asia-Pacific stakeholders to actively influence the future of optical broadband networks.”
— Dr. Marcus Brunner, Chief Expert Standardization, WBBA WG1 Chair and Vice-Chair of ETSI ISG F5G

“The transition into the AI era demands a high-quality, deterministic digital foundation. By releasing Net5.5G policy guidelines, Malaysia is accelerating the evolution of next-generation network standards based on IPv6, establishing an innovative infrastructure to unleash AI’s value and drive a prosperous digital economy for 2030.”
— Prof. Sureswaran Ramadass, Chair of APAC at IPv6 Council, Industry Partner of WBBA

“The digital economy is thriving across the Asia-Pacific region, with AI emerging as a core catalyst for intelligent transformation. China Mobile International (CMI) is driving regional growth by integrating China’s advanced AI capabilities with comprehensive communications, computing, and AI services. Moving forward, CMI will collaborate closely with industry partners to foster a shared, AI-driven future for the region.”
— Paul Lin, Managing Director of Commercial and Technology, Asia Pacific, China Mobile International

“Next-generation network infrastructure is the oxygen of the intelligent economy. By integrating cutting-edge 800G connectivity with quantum-safe security, HKT is laying the essential foundations to keep Hong Kong’s enterprises highly competitive, secure, and ready for the computing paradigm shifts of tomorrow.”
— Wilson Cheung, Vice President, Broadband Design & Cyber Security, HKT

“The evolution toward Net5.5G AI WAN is an important step in strengthening XLSMART’s transport network for the future. By progressively adopting AI-assisted operations, SRv6, SDN, service differentiation, and higher-capacity transport infrastructure, we are enhancing network intelligence, operational efficiency, and service resilience while supporting long-term sustainability. This transformation is a continuous journey that aligns with the industry’s vision of AI-native broadband networks. Through collaboration with our technology partners and the broader ecosystem, we will continue to develop capabilities that deliver better network performance and support Indonesia’s growing digital connectivity needs.”
— Regie Ginanjar, Head of Transport Autonomy & Orchestration, Transport Network Transformation, XLSMART

“For the AI era, Huawei upgrades the IP bearer network via security resilience, multi-dimensional awareness, and network autonomy. This empowers carriers to guarantee service experience, accelerate monetization, and enhance efficiency, ushering in a new chapter of intelligent connectivity.”
— Arthur Wang, Vice President of Data Communication Product Line, Huawei

A CONVERGING VIEW

Speakers agreed AI is shifting networks from connectivity to intelligent connectivity, as broadband, IP, computing and cross-border infrastructure converge to support innovation and coordination.

WBBA launched the AI-Net Certification, a global benchmark for national policy, industrial ecosystems and network intelligence. XLSmart was named first AI-Net Champion, and Indonesia was among the first with a certified operator, backed by its Net5.5G roadmap.

In another high-profile segment, WBBA Director General Martin Creaner presented the Gigacity Certification to KOMDIGI, SURGE, Telkomsel, AIS, TRUE, HKT and Globe, recognizing regional broadband pioneers.

 

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SOURCE HUAWEI

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

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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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Pillsbury Notice of Data Breach

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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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