Freight Matching Market Size Was Valued at USD 27.21 Billion in 2023, and is Projected to Reach USD 144.67 Billion by 2032, Growing at a CAGR of 20.4% From 2024-2032.
Freight matching may be very crucial in the logistics and transportation because it works the healthy between the shipper and a provider with a purpose to fulfill the shipper’s call for on the cargo. This is executed thru extraordinary approach and gear which connect shippers, those who have merchandise or items that require transport, with the companies who have the capability to move the products. Freight matching ensures that clients will be able to shipping their goods by means of the effective matching of customers and dealers in the freight markets thus getting rid of wastage of the providers’ time and resources, and search for shipping answers by the shippers. The goal is to enhance the control of the logistics chain, boom the effectiveness of its paintings to supply items, and average, reduce the costs related with freight.
It can also be used in awaiting and stopping the variety of empty miles, and as a result conserve the maximum amount of gasoline possible within the least expended miles reducing the general carbon-emitting outcomes of delivery activities.
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Top Key Players Covered in the Freight Matching Market
10-4 Systems (United States), C.H. Robinson (United States), Convargo (France), Convoy (United States), DAT Solutions (United States), Echo Global Logistics (United States), Flexport (United States), Freightera (Canada), Freightos (Israel), J.B. Hunt Transport Services (United States), Kuebix (United States), Loadsmart (United States), Next Trucking (United States), Shipwell (United States), Transfix (United States), Transporeon (Germany), Trucker Path (United States), Truckstop.com (United States), Uber Freight (United States), XPO Logistics (United States)and Other Major Players.
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Freight Matching Market Trend Analysis
The use of the blockchain era is likewise gaining attention as the new direction in freight matching where the system acts as an open platform without a government to coordinate all the transactions and facts go with the flow within the logistics sector. In easy terms, blockchain is an open-source, decentralized database management generation that ensures the registration and proper and consistent confirmation of the transactions throughout the parties involved.
Additionally, this lets in the freight matching systems to leverage existed logistics industry expertise, community and consumer base that allows you to decorate its market penetration and growth. This is why freight matching answers can utilize the expertise and experience of other logistics players with whom they enter into partnership with the aid of imparting the latter with sensible information and tips regarding the development of the functionality of their platforms.
Segmentation Analysis of the Freight Matching Market
By Mode
- Rail Freight
- Road Freight
- Ocean Freight
- Air Freight
By End User
- 3PLs
- Brokers
- Shippers
- Carriers
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Key Industry Development in the Freight Matching Market
In June 2024, Freight Technologies, Inc., a logistics technology solutions company, announced a significant milestone in expanding its Fr8Radar module within its Fr8App platform. The AI-powered freight-matching platform provides a real-time portal for B2B cross-border and domestic shipping within the USMCA region.
In July 2023, Truckstop announced it had acquired the FreightFriend cloud-based capacity and freight management solution that harnesses the power of AI to manage relationships, find capacity, and match freight with greater efficiency.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Questions Answered:
- What is the Freight Matching Market?
- What is the market size and CAGR of the Freight Matching Market during the forecast period?
- How is the growing demand impacting the growth of the Freight Matching Market shares?
- What is the growing demand for the Freight Matching Market during the forecast period?
- Who are the leading vendors in the market and what are their market shares?
- How big is the Freight Matching Market?
- What are the segments the of Freight Matching Market?
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