FTL AND LTL SHIPPING SERVICES MARKET ANALYSIS

FTL and LTL Shipping Services Market, By Service Type (Less-than Truckload (LTL) Services, Full Truck Load (FTL) Services), By Truck Type (Dry Van Truck (Non-perishable Food & Beverages, Clothing Items, Plastic & Building Products), Flatbed Truck/Heavy Loads, Refrigerated Truck (Chilled Fruits & Vegetables, Seafood)), By Shippers Type (Multiple Shipper, Single Shipper), By Application Type (Industrial & Manufacturing, Energy & Mining, Food & Beverages, Oil & Gas, Pharmaceuticals & Healthcare, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023
Code : CMI4748
Pages :150
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market News

Global FTL and LTL Shipping Services Market: Key Developments

In December 2020, CEVA Logistics, a company based in Switzerland, is an international logistics and supply chain leading provider in freight management and contract logistics. CEVA Logistics' new rapid LTL (Less than Truckload) service outbound from China significantly reduces existing lead times and is intended to provide customers with ‘all-inclusive’ LTL service with the same lead time as FTL. CEVA Logistics created this one-of-a-kind wholly owned service to meet the needs of its customers. The new program is accessible for two to three times per week (depending on demand) on Tuesday/Thursday and Saturday. Li-Battery shipments will also be accepted on Saturday (DG Class 9 Li-Battery). Drivers on this service have received special training and hold all necessary Dangerous Goods licenses for safe Transports Internationaux Routiers (TIR) transport.

In January 18 2022 XPO Logistics, Inc., a leading provider of freight transportation services, announced the opening of two less-than-truckload (LTL) terminals to increase customer service capacity in its North American network. In addition, the company increased production capacity at its trailer manufacturing facility, and will open four more fleet maintenance shops this quarter.