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Less-than-Truckload (LTL) Market to grow by USD 120.31 Billion (2024-2028), driven by e-commerce advances, Report on AI’s impact on redefining market landscape – Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global less-than-truckload (LTL) market  size is estimated to grow by USD 120.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.3%  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 Allcargo Logistics Ltd., ArcBest Corp., Averitt Express Inc., Challenger Motor Freight Inc., CMA CGM SA Group, Debon Logistics Co. Ltd., Deutsche Post AG, Estes Express Lines, FedEx Corp., J B Hunt Transport Services Inc., JRC Dedicated Services Co., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Old Dominion Freight Line Inc., R L Carriers Inc., SouthEastern Freight Lines, United Parcel Service Inc., XPO Inc., and Yellow Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Long-haul carriers, Superregional carriers, and Regional carriers), Capacity (Light LTL volume and Heavy LTL volume), 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

Allcargo Logistics Ltd., ArcBest Corp., Averitt Express Inc., Challenger Motor Freight Inc., CMA CGM SA Group, Debon Logistics Co. Ltd., Deutsche Post AG, Estes Express Lines, FedEx Corp., J B Hunt Transport Services Inc., JRC Dedicated Services Co., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Old Dominion Freight Line Inc., R L Carriers Inc., SouthEastern Freight Lines, United Parcel Service Inc., XPO Inc., and Yellow Corp.

Key Market Trends Fueling Growth

Less-than-truckload (LTL) logistics companies and shippers are utilizing big data to gain a competitive edge in the industry. Big data analysis offers advantages in operational efficiency, customer experience, and new business models. In terms of operational efficiency, LTL companies can optimize resource utilization, delivery time, and geographical coverage through advanced real-time processing and predictive techniques. Customer experience is enhanced by analyzing millions of touchpoints to gain market intelligence and product feedback. By sharing data with supply chain partners, logistics networks can become more efficient, leading to the development of new services, discovery of new demand patterns, and improved demand forecasting accuracy. Real-time analytics and end-to-end supply chain visibility enable quick action on potential revenue losses and increased asset uptime. The integration of big data solutions will positively impact the growth of the global LTL market by increasing throughput, enabling resource optimization, and facilitating near real-time supply planning using IoT data feeds. 

The Less-than-Truckload (LTL) market is experiencing significant trends in freight transportation. With increasing demand for oil, petrol, and diesel from truckers, oil marketing companies are playing a crucial role. LTL services offer scalability and affordability for shippers with small to medium-sized cargo. Trailer capacity is a key factor, with density-based pricing and operational efficiency driving competition among freight carriers. Economic conditions and industry sectors, such as retail, manufacturing, agriculture, fishing, forestry, construction, oil and gas, mining, and quarrying, influence LTL freight volume. Startups and specialized carriers are disrupting the market with flexible services. E-commerce and MSME sector growth fuel retail shipping demand. Freight pricing trends include volume-based pricing and fuel surcharges. Full Truckload carriers and ground shipping dominate, but air, rail, and specialized services cater to specific needs. Full Truckload carriers offer larger capacity, while LTL services provide flexibility for various industries. Road freight services remain a significant part of the logistics sector. 

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Market Challenges

The Less-than-truckload (LTL) market is currently facing several challenges that are driving up costs and intensifying competition. Rising fuel prices, increasing demand, e-commerce growth, driver shortages, and tightening truckload capacity are all contributing factors. LTL carriers are investing heavily in their fleets, drivers, and facilities to stay competitive, but face risks associated with fuel pricing volatility. Last-mile delivery, which involves individual deliveries to numerous locations, adds significant labor and fuel costs. Intense competition among last-mile delivery providers, based on pricing and delivery time, further pressures profitability. Additionally, real-time tracking requirements for e-commerce deliveries necessitate costly geolocation technologies and infrastructure. These factors are leading LTL carriers to increase freight rates, which may constrain market growth during the forecast period.The Less-than-Truckload (LTL) market faces several challenges. Truckers struggle with oil demand fluctuations, affecting petrol and diesel prices for freight transportation. Oil marketing companies’ crude oil prices impact freight carriers’ operational efficiency and affordability. Shippers require scalability and flexibility, especially for small and medium shipments in various industries like retail, manufacturing, agriculture, fishing, forestry, construction, oil and gas, mining, and quarrying. Startups and MSME sector rely on LTL services for density-based pricing. Economic conditions and freight pricing trends influence the logistics sector’s road freight services, affecting full truckload carriers, specialized carriers, and e-commerce businesses. Freight transport volume, retail shipping, industrial shipping, ground shipping, air shipping, and rail shipping are all affected by these challenges. Fuel costs remain a significant concern for freight carriers, impacting their bottom line.

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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 volume and Heavy LTL volumeGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Long-haul carriers-  The global less-than-truckload (LTL) market’s largest revenue contributor is the long-haul carrier segment. Long-haul LTL carriers, also known as national LTL carriers, transport shipments within 3 to 5 business days, covering an average distance of approximately 1,200 miles per haul. These carriers operate through a hub-and-spoke network and often have labor unions. The long-haul LTL carriers segment is projected to grow steadily due to economic conditions in the country. Long-haul LTL carriers offer value-added services, such as packing, unpacking, and door-to-door freight collection. Despite competition from other transportation modes, long-haul LTL carriers remain popular due to their efficiency and timely delivery. Businesses benefit from outsourcing their freight and transportation needs, as managing in-house transportation requires significant investment and expertise. The long-haul LTL carriers segment provides additional services, including project logistics, network planning, cargo insurance, value-chain optimization, and customs brokerage. The increase in industrial activities worldwide is expected to fuel the growth of the long-haul LTL carriers segment in the LTL market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Less-than-truckload (LTL) market plays a crucial role in transporting goods for various industries such as Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and Retail. Freight volumes in the LTL market are driven by the demand for transporting smaller consignments, making it an essential mode of transport for MSMEs. E-commerce and the logistics sector have significantly contributed to the growth of the LTL market in recent years. Freight pricing trends in the LTL market are influenced by factors like fuel prices, trailer capacity utilization, and cargo density. Scalability and affordability are key benefits of LTL services, making them a popular choice for shippers with smaller freight volumes. Road freight services are the primary mode of transport in the LTL market, offering flexibility and efficient delivery solutions. The LTL market caters to various industries, including Crude oil, where it is used for transporting drilling equipment and other supplies. Freight carriers offer customized solutions to meet the unique needs of different industries, ensuring timely and efficient delivery of cargo. The market is expected to continue growing due to increasing demand for affordable and flexible freight transportation solutions.

Market Research Overview

The Less-than-truckload (LTL) market caters to the shipping needs of various industries such as Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and others. Freight transport volume in the LTL market is driven by the demand for retail products, e-commerce, and MSME sector growth. Freight pricing trends are influenced by factors like fuel prices, operational efficiency, and economic conditions. LTL services offer scalability and affordability for small to medium shipments, making them popular among businesses. Road freight services dominate the LTL market due to their flexibility and wide reach. Logistics sector players provide LTL services for various industries, including retail and industrial shipping. Fuel prices, particularly for diesel and petrol, significantly impact LTL freight costs. Truckers and oil marketing companies play crucial roles in the LTL market, as they manage the supply of crude oil and the distribution of fuel to LTL carriers. Freight carriers offer LTL services for various industries, with full truckload carriers and specialized carriers catering to specific needs. Shippers look for trailer capacity and cargo density-based pricing to optimize their logistics costs. The LTL market is seeing innovation with the entry of startups offering volume LTL services and new pricing models like density-based pricing. Overall, the LTL market is essential for businesses seeking efficient and cost-effective freight transportation solutions.

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 Volume And Heavy LTL VolumeGeographyAPACNorth 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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Technology

IMDA and Tencent Debut “Beyond the Screen” to Champion Real-World Connection through Digital Play

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The launch is marked by the signing of an agreement between IMDA and Tencent to advance healthy digital habits and safe, responsible use of digital technologies among youths, parents, and families.

SINGAPORE, May 2, 2026 /PRNewswire/ — The Infocomm Media Development Authority (IMDA) and Tencent today jointly launched “Beyond the Screen: Healthy Digital Play”, a new digital wellbeing campaign that encourages healthy digital habits by bringing families into the conversation and strengthening real-world connection through healthy gameplay.

The campaign encourages families to bridge the gap between play and purpose through gaming. It showcases how digital play can foster deeper understanding, facilitate balanced routines, and build stronger connections at home.

“Digital spaces are already a natural part of how young people learn, play, and connect today,” said Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. “As a company with deep expertise across digital entertainment and communications, we want to play a constructive role by helping families build meaningful digital habits that extend beyond the screen.”

Advancing Family Digital Wellness In Partnership with IMDA

As part of the launch, IMDA and Tencent also signed an agreement to strengthen collaboration on initiatives in digital wellbeing. The agreement was signed by Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA, and Mr Murphy Zhao, Country Manager of Tencent Singapore and Head of Tech Group, Tencent Games. The collaboration builds on Tencent’s ongoing cooperation with IMDA, in support of the national Digital for Life (DfL) movement, focusing on promoting online safety and healthy digital habits among youths, parents, and families.

Tencent will co-develop educational content with IMDA, as well as organise four community outreach activities, reaching out to an estimated 4,000 participants. The company will also commit S$ 25,000, which totals to S$ 50,000 with the government’s dollar-to-dollar matching, to the DfL Fund. The DfL Fund provides support for projects and activities promoting digital inclusion, digital literacy and digital wellness. 

“Ensuring digital wellness is increasingly important, particularly for our children who are digital natives,” said Ms Joanna Lam, Cluster Director for Digital Readiness, IMDA. “Tencent has been a DfL partner since 2022, and I thank them for their continued commitment to the DfL cause. We look forward to deepening our collaboration with Tencent to empower parents and youths with practical guidance to build healthy digital habits and navigate the digital world safely together.”

Leading the Conversation on Healthy Digital Play

The inaugural Singapore launch event was officiated by Ms Jasmin Lau, Minister of State, Ministry of Digital Development and Information, and also hosted social service organisations from Singapore, Malaysia, Thailand, Indonesia, and the Philippines. At the event, families participated in gamified quiz experiences and took home educational materials designed to transform gaming into healthier routines at home. 

The programme also featured a parenting talk that shared practical guidance on utilising games as a bridge for conversation at home. The session highlighted how, when guided by constructive routines, gaming can support the development of soft skills such as communication, teamwork, strategic thinking, and persistence.

During the event’s expert insights session, Mr Narasimman S/O Tivasiha Mani, psychotherapist and co-founder of local youth charity Impart, said, “Healthy gaming is not built through one-off rules. It grows through rapport, shared understanding, and everyday conversations. Through a collaborative process between educators, families, and the wider community, it becomes easier to set shared expectations and support balanced habits that carry beyond the screen.”

Building a Scalable Digital Wellbeing Framework for Southeast Asia

While digital habits may look different across the region, the underlying need is the same — helping families build healthier, more confident relationships with the digital world.

“Beyond the Screen” is part of Tencent’s broader commitment to fostering intentional digital play, equipping youths, parents, and educators with practical resources to build balanced routines, encourage respectful interactions, and strengthen open communication at home.

Insights from the Singapore launch will inform the rollout of the campaign across Southeast Asia in 2026, with local adaptations to meet the needs of diverse communities in the region.

About Digital for Life Movement

A Digital Future for All – In our increasingly digital world, everyone can play a part to help create a more inclusive digital future.

The Digital for Life (DfL) national movement, launched on 8 February 2021, aims to galvanise the community across the 3Ps (Private, Public and People) to help Singaporeans embrace digital as a lifelong pursuit and enrich lives through digital technology.

The DfL fund was also set up to support projects and activities promoting digital inclusion, digital literacy and digital wellness. Learn more about the DfL movement at digitalforlife.gov.sg.

About Infocomm Media Development Authority

The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harnessing frontier technologies, and developing local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

For more news and information, visit www.imda.gov.sg or follow IMDA on LinkedIn (IMDAsg), Facebook (IMDAsg) and Instagram (@imdasg).

About Tencent 

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained. Our financial technology business covers payment, credit, wealth management and insurance sectors, as we support our partners’ business growth and assist their digital upgrade through FinTech and other enterprise services. We also publish some of the world’s most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe. Tencent was founded in Shenzhen, China, in 1998, and has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/imda-and-tencent-debut-beyond-the-screen-to-champion-real-world-connection-through-digital-play-302760594.html

SOURCE IMDA; Tencent

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Does Your Building Have Fire Sprinklers?

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Fast Guard Service alerts real estate owners and property managers: 2026 fire code updates to NFPA 25 will significantly affect sprinkler system compliance requirements — and insurance implications could not be more serious.

SAN JOSE, Calif., May 2, 2026 /PRNewswire/ — Fast Guard Service, one of the nation’s leading providers of licensed fire watch and security guard services, is urging commercial and residential property owners to take immediate stock of their fire sprinkler systems as sweeping 2026 updates to NFPA 25 — the national standard governing water-based fire protection system inspection, testing, and maintenance — take effect across the country.

The timing could not be more consequential. Private insurers are exiting fire-risk markets at an accelerating pace, dropping policyholders and limiting coverage in states from California to Florida. In this environment, a sprinkler system that fails a compliance check is no longer a routine maintenance issue. It is a potential grounds for claim denial or policy cancellation.

The 2026 edition of NFPA 25 introduces several changes property owners must act on now. Fire pump failures are formally classified as system impairments requiring immediate response. Supervisory valve testing moves to a semiannual schedule. Annual internal inspections are now mandatory for all dry, preaction, and deluge valves. And where corrosion-control technology has been used to justify smaller pipe sizes, ongoing maintenance of that equipment is now a codified legal obligation — not a recommendation.

Critically, any sprinkler system impairment — whether triggered by repair, renovation, freeze damage, or a compliance-driven upgrade — legally requires a certified fire watch for the duration of the outage under NFPA 1, NFPA 101, and local fire authority mandates. This is a condition of occupancy, not an option.

“The 2026 code updates will send a wave of sprinkler systems into inspection and repair cycles,” said a spokesperson for Fast Guard Service. “Every one of those impairment windows requires a fire watch on-site. We are prepared to be there.”

Fast Guard Service deploys certified fire watch personnel 24 hours a day, 7 days a week, anywhere in the United States — typically within hours of a client’s call. Guards conduct continuous patrols, maintain documentation accepted by insurers and code enforcement authorities, and coordinate directly with fire departments when needed.

Property owners who are unsure whether their sprinkler systems meet 2026 NFPA 25 requirements are encouraged to contact Fast Guard Service for guidance.

Founded in August 2013 and headquartered in Hollywood, Florida, Fast Guard Service is a fully licensed, bonded, and insured private security company operating in all 50 states. The company specializes in armed and unarmed security guards, fire watch services, executive protection, mobile surveillance, event security, and emergency response. Fast Guard Service is trusted by Fortune 500 companies, government entities, healthcare systems, commercial developers, and private clients nationwide.

All operations are tracked through the proprietary Fast Guard App, providing clients with real-time GPS reporting, live guard location updates, and digital incident documentation.

For an instant quote or same-day service, visit www.fastguardservice.com or call (844) 254-8273.

Press Release Service provided by 24-7PressRelease.com.

View original content:https://www.prnewswire.com/news-releases/does-your-building-have-fire-sprinklers-302760491.html

SOURCE Fast Guard Service

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First Online Conversations Are Changing in 2026, According to New Secretmeet Research

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New research from Secretmeet reveals that the classic “Hey” opener is dying out — and the way people initiate connections online in 2026 looks nothing like it did just three years ago.

GIBRALTAR, May 2, 2026 /PRNewswire-PRWeb/ — People are rethinking the first move. Not just what to say, but when to say it, how long to make it, and what emotional tone to lead with. Across the board, data from Secretmeet’s latest research study shows a clear shift in how online conversations begin in 2026.

The single-word opener? Largely gone. The copy-paste compliment? People spot it instantly. Secretmeet noted that what’s replacing them is more interesting — and more human.

The Death of the One-Word Opener

For years, “Hey,” “Hi,” and “Hello 👋” dominated opening messages on dating platforms. They required no effort and, accordingly, generated little response. According to data published by the Journal of Computer-Mediated Communication, conversational openers that include a specific reference to the recipient’s profile generate significantly higher response rates than generic greetings.

Secretmeet’s research confirms the trend is accelerating. In 2026, users who open with a question — particularly one tied to something specific in a profile — see measurably stronger engagement in the first exchange. The bar for a “good” first message has risen.

This doesn’t mean people need to write an essay. Short still works. But purposeful short beats lazy short every time.

One of the more striking findings from Secretmeet: wit is winning. Openers with a light, humorous tone — a playful observation, a self-aware joke, a clever hypothetical — are outperforming earnest, serious introductions in early conversation engagement.

The Timing Shift Nobody Expected

When people send that first message matters more than most realize. In a Secretmeet review of activity trends, data points to a notable behavioral change: users in 2026 are increasingly active during morning hours — particularly between 7 a.m. and 9 a.m. — a window that was almost entirely quiet just a few years ago.

Evening hours still dominate overall volume. But morning messages show a disproportionately high response rate. The theory? People checking their phones with coffee and no agenda are more present, less distracted, and more open to genuine interaction than those scrolling at midnight.

It’s a small tactical insight with a surprisingly large emotional implication: presence matters more than timing, and mornings are when people show up fully. Secretmeet’s data makes that case clearly.

What This Means for How We Connect

The bigger picture here isn’t about tactics. It’s about expectations. People arriving at online dating platforms in 2026 want something more immediate and more genuine than they did in 2020. The pandemic years accelerated a kind of emotional directness online — and that hasn’t reversed.

People want to feel seen in a first message. They want to laugh. They want a reason to respond. A Secretmeet review of first-message engagement data suggests that users are increasingly capable of signaling — and detecting — authentic intent right from the very first line.

The opening message has always mattered. What’s changed is how clearly people understand that now.

About Secretmeet

Secretmeet is an online dating platform built around one straightforward idea: conversations should feel good. Not stressful, not performative — genuinely enjoyable. The platform is designed for people who want warmth, a little wit, and the kind of back-and-forth that actually goes somewhere. Whether you’re looking for something serious or just a spark of something new, Secretmeet reviews its features continuously to ensure that the first message has a real chance of turning into something worth remembering.

Media Contact

Alice Ross, Secretmeet, 1 14844760121, smm@secretmeet.com, https://secretmeet.com/

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