Dublin, Oct. 22, 2020 (GLOBE NEWSWIRE) — The “United States Digital Freight Forwarding Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The United States Digital Freight Forwarding Market is expected to grow at a CAGR of around 20% during the forecasted period.
Digitization is continuing to be one of the key drivers supporting growth of the American economy. Companies like convoy, Uber Freight and uShip are coming up with new platforms to fill in the gaps in the logistics industry. With Digital freight forwarding the manual process will be reduced.
All the quotations for freight forwarding will be available at one platform without the hassle of hours of conversation and paper trails. The major benefits of digital freight forwarding include instant quotes, transparent pricing, comparison of rates and carriers, tracking, easy documentation and others. The logistics industry is developing to a paperless digitized industry supoprting the growth of the market.
Key Market Trends
Rise of Digital Freight Matching Platform benefiting Trucking Companies
Majority of US trucking companies are not large organizations like Knight-Swift, J.B. Hunt, and Schneider. Around 97% of carriers in the U.S. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks).The U.S. economy depends on trucks to deliver nearly 70% of all freight transported in the US annually, accounting for USD 671 billion worth