Report projects 4.7% growth for road freight market through 2019

TechNavio report on the trucking sector includes analysis of truckload, LTL and private carriers, weighing the potential for growth against market headwinds.    A new report released this week by the research and advisory firm TechNavio predicts the U.S. road freight transportation market will grow at a rate of 4.7 percent a year through 2019.
   The report, Road Freight Transportation Market in the U.S. 2015-2019, analyzes the truckload, less-than-truckload and private fleet sectors to gauge growth prospects of each market. Market size is calculated by revenue generated by the major carriers in each segment.
   The report also includes a vendor landscape section, with deeper analysis on the top five vendors in each mode. TechNavio’s research evaluates the challenges faced by the vendors and the market at large – most notably, a burdensome regulatory environment and an ongoing shortage of drivers.