DATAMONITOR VIEW 1
Catalyst 1
Summary 1
Table of Contents 2
Table of figures 3
Table of TABLES 4
EXECUTIVE SUMMARY 5
CHAPTER 1 The US LOGISTICS INDUSTRY: OVERVIEW 7
1.1The US logistics industry: poised to grow with an increase in road share driven by intermodal activity 7
1.2 Expected recovery due to factors like re-stocking inventory and manufacturing output to restore logistics growth 8
The US logistics industry grew faster than the economy at around 4.6% over the period 2004-08 8
Increasing PCE driven by rises in expenditure on durable goods, non-durable goods and services drives logistics demand 11
Inventory re-stocking and private fixed investments in transport and warehousing to step up business confidence 12
Growth in merchandise trade with major countries expected to step up logistics demand 12
CHAPTER 2 MARKET PERFORMANCE: MARKET SIZE AND MODAL SPLITS 13
2.1 US road freight market: expected to recover from volume declines due to long-distance full-truckload and multimodal transport demand 13
Political pressures on interstate taxation and mounting congestion add to truck operational costs 17
2.2 US rail freight market: traffic growth of 'intermodal rail' to increase rail volume by 3% 19
Price stabilization, better service and energy efficiency justify a shift in freight from truck to rail 22
Rail capacity expansion and high-speed rail technology to address infrastructure requirements 23
2.3 US sea freight market: container traffic is set to recover in tandem with US merchandise trade 23
Directional imbalance remains a hurdle and accounts for high costs 26
Agreements with emerging countries of the world provide impetus to growth 26
Marine Highway Program to reduce congestion and step up intermodal transport 27
Growing environmental activities will reduce shipping costs 27
US inland waterways to see moderate growth in future, led by infrastructural schemes 28
2.4 US air freight market: severely hit by the global slowdown in 2008, growth expected to resume at 8.4% by 2011 29
Open skies agreements with other countries allow for liberalized trade with minimal government intervention 33
Aviation security and environmental concerns: the top priorities for airport operators 33
Plans and funding grants to increase intermodal transport 33
2.5 US warehousing market: gradual growth in commercial real estate for industry space to cause recovery in margins 34
2.6 US contract logistics market: demand for supply-chain consulting to grow, with a continuous focus on equipment technology 36
2.7 US freight forwarding market: company strategies for capacity utilization to continue in future 38
2.8 US courier, express and parcels market: inventory reduction and recovery of merchandise trade in 2010 to fuel growth 39
CHAPTER 3 KEY INDUSTRY SECTORS 41
3.1 US automotive logistics: contract logistic players await recovery in auto, retail and technology industries 41
3.2 US retail logistics: growth in online retail sales with high volume of transactions to drive demand for logistics 43
3.3 US hi-tech logistics: contract logistic players adapting to shift in volumes from air to ocean freight 44
CHAPTER 4 KEY TRENDS IN THE US LOGISTICS INDUSTRY 46
4.1 Expected recovery in merchandise trade and expanding production to neighboring countries expected to spur intermodal traffic 46
4.2 Economic recession resulting in companies shifting to new supply-chain practices, an opportunity for 3PLs 47
4.3 Sustainability concerns and reduction of empty miles expected to increase 3PL outsourcing for transport management 48
4.4 Major parcel carriers are diversifying their service portfolio in international markets to guarantee future growth 49
CHAPTER 5 COMPETITIVE LANDSCAPE AND KEY PLAYER PROFILES 50
5.1 Trucking market: bankruptcy of small trucking firms and capacity cuts leading to fears of reduced capacity in future 50
5.2 CEP market: regional and local players with low-cost niche services in the domestic market to attract consumers 50
5.3 Contract logistics market: price to become the main differentiating factor for 3PLs, leading to intense competition 51
5.1 Company profiles 52
CHAPTER 6 APPENDIX 57
Definitions 61
Datamonitor consulting 63
Disclaimer 63
List of Tables
Table 1: Road network statistics 18
Table 2: Rail network statistics 23
Table 3: US merchant fleet statistics 25
Table 4: Seaport statistics 27
Table 5: Aviation statistics 32
Table 6: Ryder profile 52
Table 7: Con-way profile 53
Table 8: J.B. Hunt profile 53
Table 9: Caterpillar Logistics profile 54
Table 10: C.H. Robinson profile 54
Table 11: UTi profile 55
Table 12: UPS SCS profile 55
Table 13: Hub Group profile 56
Table 14: K-Sea Transportation Partners profile 56
Table 15: US new and used passenger car sales and leases 58
Table 16: US new and used passenger car sales and leases 58
Table 17: US top foreign-trade freight gateways by water in 2006 in $ Billion 59
Table 18: US top foreign-trade freight gateways by air in 2006 in $ Billion 59
Table 19: US top foreign-trade freight gateways by land in 2006 in $ Billion 60
List of Figures
Figure 1: US logistics industry segmental split, 2008 and 2013 8
Figure 2: Real GDP and the US logistics industry, 2005-13 9
Figure 3: Trade growth, 2005-13 10
Figure 4: Total merchandise exports, 2008 11
Figure 5: Truck revenue growth by segment, 2001-08 14
Figure 6: Road freight value and growth, 2004-13 15
Figure 7: Road freight volume and growth, 2004-13 16
Figure 8: Road freight split by express and non-express, 2008 and 2013 17
Figure 9: Rail freight value and growth, 2004-13 20
Figure 10: Rail freight volume and growth, 2004-13 21
Figure 11: Freight volume split by road and rail, 2008 and 2013 22
Figure 12: Domestic and international growth, 2004-08 24
Figure 13: Sea freight value growth, 2004-08 26
Figure 14: Inland waterways value and growth, 2004-13 29
Figure 15: Air freight value and growth, 2004-13 30
Figure 16: Air freight volume and growth, 2004-13 31
Figure 17: Air freight value split into express and non-express, 2008 and 2013 32
Figure 18: Total warehousing spend growth, 2004-13 35
Figure 19: Warehousing stock growth, 2004-13 36
Figure 20: Total contract logistics value split by category, 2008 and 2013 37
Figure 21: Total contract logistics value growth, 2004-13 38
Figure 22: Total CEP value growth, 2004-13 40
Figure 23: Growth in unit sales of automotive industry, 2004-08 42
Figure 24: Energy consumption by the transport sector 57
Figure 25: Retail sales of automotive parts, 2004-08 60
Figure 26: Durable goods shipment growth, 2004-08 61
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