Global Road Freight Industry Outlook

  • The global road freight market valued at $2.4 trillion in 2017, and it is forecast to grow at a CAGR of 4–5 percent in 2018, as the demand from end-user industries surges Y-o-Y
  • Regions such as Western Europe, North America, and Australia have a high buyer and supplier maturity due to advanced technology adoption 
  • Due to the increase in e-commerce and global trade, APAC and parts of Africa are expected to be the future growth-driving markets for road freight services


Global Road Freight Industry Trends

  • Buyers are increasingly looking for end-to-end supply chain solutions from service providers 
  • Suppliers are enhancing themselves to meet the demands of the buyers by them giving value-added services in addition to transportation services 

Global Road Freight Drivers and Constraints


Retail Sales:

  •  Retail sales will increase by 5–6 percent, which will in turn drive the demand for trucking 
  • Retail e-commerce is growing at 14–15 percent per annum, which will create new demand for logistics, particularly in metropolitan areas

Transport Infrastructure:

  • An efficient transport sector with advanced infrastructure is an important element of any economy, helping to stimulate development, thus cutting the lead time and costs of trucking

Global Trade Activity:

  • During the last decade, increased production of high-value and light-weight goods and expanded trade among the member countries results in increased road freight transportation


  • Because growth in GDP implies increased economic activity, there is a positive correlation between the development of freight transport and GDP, where any increase in GDP is directly related to the increase in road freight services in that region


Fuel Rate

  • Fuel prices account for nearly 30–35 percent of trucking freight rates, thus having a major impact on pricing. Fuel prices, which have been low, are forecasted to increase in the second half of the year

Shortage of Drivers:

  • Driver wages account for nearly 30–35 percent of carriers’ operating costs. Driver wages are expected to increase due to the prevalent shortages in the industry, coupled with a strong demand for qualified drivers and the same trend is expected to continue in countries such as the US,UK and Western Europe.