Category: Air freight rates

Changes in the Freight Shipping Industry From Expedited Trucking to Less-Than-Truckload

E-commerce has been steadily increasing within the United States. Given this, the shipping industry is adapting accordingly. Consumer items are being transported in full truckloads, less-than-truckloads (LTL), as well as by parcel carriers. Recent figures indicate that the revenue for E-commerce alone is approximately $423.3 billion a year. it’s interesting to note that the current market for LTL freight services is roughly $35 billion.

In recent years, the U.S. logistics and transportation industry has experienced a significant increase in revenue. In 2015, for example, $1.45 trillion was spent on the services provided by this industry. In terms of the annual gross domestic product, this amounted to eight percent.

While there are a variety of commodities being transported by the freight industry, the most valuable ones are electronics, machinery, and motorized vehicles. The value of freight being shipped is also steadily increasing. The U.S. Department of Transportation rep