About Road Freight Transportation
The transportation of goods from one place to another overland by carriers such as trucks and trailers is known as road freight transportation. Road freight transport is an important activity of a region or country. Goods such as food and beverages, metals, agricultural products, dangerous goods, and others are transferred to the desired location.
Technavio’s analysts forecast the road freight transportation market in Europe to grow at a CAGR of 2.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the road freight transportation market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors that provide road transportation of various goods such as food and beverages, agricultural goods, metals, dangerous goods, and others. The “others” type of goods include textile products, machinery equipment, furniture, municipal or other wastes, mails or parcels, household electronics equipment, and paper and-paper related products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Road Freight Transportation Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the road freight transportation market in Europe: DB Schenker, Deutsche Post DHL Group, DSV, and Kuehne + Nagel.
Other Prominent Vendors in the market are: Alkom-Trans, CLA UK, DACHSER SE, DAN-CZECH SPECIALTRANSPORT, FERCAM, First European Logistics, FM Logistic, Gondrand Group, HPT, Huktra NV, Imperial Logistics International, Ital Logistics, and KLG Europe.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing popularity of RFID tags. Electromagnetic fields are used to automatically identify objects that are attached to radio frequency identification (RFID) tags. The information such as cargo details, and date and time stamp are stored electronically in it. RFID tags have found quite a few applications in the field of transportations.”
According to the report, one of the major drivers for this market is Road freight, an integral part of intermodal transportation. Intermodal transportation means the use of various modes of transportation for shipping a single or multiple shipments from the same source. Roads are used to transfer the shipments to either rail or sea terminals as they may not be directly connected to the shipper. The intermodal transportation is dominated by the rail–road segment. This is because not all the ports or cities are accessible through the water channels. However, it is noticed that the road–water intermodal freight transportation is increasingly gaining popularity globally.
Further, the report states that one of the major factors hindering the growth of this market is Competitive pricing and higher operational costs. Operational costs are constantly changing because of the volatility in prices of crude oil. As freight companies are under contract, they cannot pass on the changes in the fuel prices to their customers. In addition, while renewing contracts, customers of the freight service providers negotiate for lower prices. There has been an increase in the demand for value-added services and specialized professional supply chain solutions. Road freight carriers are increasingly becoming competitive in terms of pricing their services. This has decreased the profitability of companies in the road freight business.
DB Schenker, Deutsche Post DHL Group, DSV, Kuehne + Nagel, Alkom-Trans, CLA UK, DACHSER SE, DAN-CZECH SPECIALTRANSPORT, FERCAM, First European Logistics, FM Logistic, Gondrand Group, HPT, Huktra NV, Imperial Logistics International, Ital Logistics, and KLG Europe.