United States Digital Freight Forwarding Market 2021 Global Insights and Business Scenario – Flexport, Twill, FreightHub, Fleet, InstaFreight

The report presents an in-depth assessment of the United States Digital Freight Forwarding Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for United States Digital Freight Forwarding investments from 2021 till 2025. This research report also provides post COVID-19 impact analysis of the United States Digital Freight Forwarding industry.

United States Digital Freight Forwarding market is growing at a CAGR of 20% during the forecast period (2021-2025).

The United States Digital Freight Forwarding market is highly competitive and consists of a number of major players. Top Companies like Flexport, Twill, FreightHub, Fleet, InstaFreight, Transporteca, Kontainers, KN Freight Net, Turvo, iContainers, DHL Group, Kuehne + Nagel International AG, Agility Logistics Pvt. Ltd

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Scope of the Report

The major benefits of digital freight forwarding include instant quotes, transparent pricing, comparison of rates and carriers, tracking, easy documentation and others. The logistics industry is developing to a paperless digitized industry supoprting the growth of the market.

Key Market Trends

Rise of Digital Freight Matching Platform benefiting Trucking Companies

Majority of US trucking companies are not large organizations like Knight-Swift, J.B. Hunt, and Schneider. Around 97% of carriers in the U.S. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks).The U.S. economy depends on trucks to deliver nearly 70% of all freight transported in the US annually, accounting for USD 671 billion worth of manufactured and retail goods transported in the country by truck alone. To help match those carriers (both small and large) with shippers that want to get their goods from point A to point B as efficiently as possible, a new crop of digital freight matching platforms have emerged over the last few years.

Reduced Logistics Cost with Digital Freight Forwarding

Total cost of a product includes its logistics cost as well. With digital freight forwarding these costs can be cut short by using a digital forwarder. The digital forwarder connects within its digital platform importers, exporters, trucking companies, ocean carriers, airlines, customs agencies, and port terminals. Customers can access up-to-the-minute updates and alerts allowing for near real-time adjustments along the value chain to keep logistics, commercial, and customer expectations on track.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: United States Digital Freight Forwarding Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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