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Cross-Border Road Transport Market Trends

  • Report ID: GMI10293
  • Published Date: Jul 2024
  • Report Format: PDF

Cross-Border Road Transport Market Trends

The adoption of digital technologies, such as electronic documentation, real-time tracking, and automated customs clearance, significantly improves efficiency and transparency in cross-border transport operations. Additionally, advanced GPS and telematics systems enable real-time tracking of vehicles and shipments. This capability allows logistics operators to monitor the location, speed, and condition of goods in transit across borders.
 

Businesses streamline their intralogistics processes with the help of automation and digitalization. For instance, in March 2023, ArcBest Corporation launched Vaux, a groundbreaking freight movement technology that enhances intralogistics processes. This technology allows for the unloading of a trailer's full contents in less than five minutes and provides comprehensive insights into the movement of goods. It helps in optimizing warehouse operations and supply chains.
 

Moreover, governments worldwide are implementing stricter regulations aimed at reducing carbon emissions and promoting sustainable transport solutions. This includes targets for reducing greenhouse gas emissions and promoting the use of alternative fuels. Green transport practices such as using alternative fuels such as electric, natural gas, and hydrogen, and optimizing logistics routes lead to sustainable transport solutions.
 

For instance, in February 2023, DHL Freight announced the expansion of its fleet of electric trucks for cross-border road transport operations in Europe. This initiative aims to reduce carbon emissions and align with the European Union's sustainability goals. The electric trucks are equipped with advanced battery technology and will be used for transporting goods across key European borders, contributing to a greener supply chain.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cross-border road transport reached USD 251.6 billion in 2023 and is set to witness over 6.4% CAGR between 2024 and 2032, as the economy is fueling the overall demand for goods, both domestically and internationally.

The freight transport segment in the cross-border transport industry accounted for over 75% share in 2023, due to its efficiency and reduced risk of damage.

North America market held 32% share in 2023, owing to the growth of logistics and trade infrastructure.

DHL Supply Chain, FedEx Corporation, United Parcel Service (UPS), DB Schenker, Kuehne + Nagel, C.H. Robinson, Nippon Express, J.B. Hunt Transport Services, Ryder System, and XPO Logistics.

Cross-Border Road Transport Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 22
  • Pages: 240
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