Freight Packing & Logistics Services in the US
The Freight Packing and Logistics Services industry has grown steadily over the five years to 2018, boosted by increases in trade and freight volumes, or goods transported in bulk. Since 2013, downstream demand has improved in line with rising industrial production and international trade. The industry is expected to continue to grow in the coming years, underpinned by increased freight volumes brought on by higher consumer spending and international trade. The total value of US trade is forecast to rise over the five years to 2023. Revenue is projected to rise along with this trend, growing at an annualized rate of 2.4% to $3.1 billion in 2023.
This industry’s main activity is providing packing and crating services for the transportation sector. The industry is composed of companies that provide consolidation of freight consignments, trade document preparation, packing, crating and otherwise preparing goods for transportation and logistics consulting services. The industry does not include actual transportation of goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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