Less Than-Truck-Load (LTL) Market Size - By Service, By Capacity, By Mode of Operation, By End Use, Analysis, Share, Growth Forecast, 2025 - 2034

Less Than-Truck-Load Market Size

The global less than-truck-load market size was valued at USD 227 billion in 2024 and is projected to grow at a CAGR of 5.3% between 2025 and 2034, driven by increasing demand for efficient freight transportation among small and medium-sized enterprises and the rising adoption of e-commerce. LTL services offer cost-effective solutions by consolidating smaller shipments, optimizing delivery times, and supporting sustainability through reduced fuel consumption.
  

The rapid expansion of e-commerce significantly drives growth in the less than-truck-load market by increasing the volume of small, frequent shipments to various destinations. Online retailers rely on LTL services to deliver products quickly and cost-effectively without needing full truck loads. As consumers demand faster delivery times and more flexible shipping options, LTL carriers play a vital role in bridging the gap between distribution centers and end customers, enhancing supply chain efficiency and responsiveness.
 

For instance, in March 2023, CEVA Logistics introduced a rapid less-than-truckload (LTL) service connecting China and Europe, aiming to serve customers with insufficient volumes for full truckload shipments. The service operates two to three times weekly, including a Saturday schedule that accommodates lithium battery shipments.
 

Moreover, urbanization has positively influenced the growth of the Less-than-Truckload (LTL) market. As urban areas expand, the need for efficient intra-city and regional freight delivery continues to rise. LTL services are well-suited for navigating dense city environments where full truckload options are often impractical or cost inefficient.
 

Additionally, the surge in e-commerce and online shopping has driven demand for smaller, more frequent shipments, precisely the type of logistics LTL excels at. Major retailers and e-commerce giants like Amazon.com, Inc. and Walmart Inc. increasingly rely on LTL solutions to streamline last-mile delivery and meet growing consumer expectations for fast and flexible shipping.
 

Less Than-Truck-Load Market Trends

• LTL providers are increasingly offering freight consolidation to maximize truck capacity and reduce shipping costs for clients. This model involves combining shipments from multiple shippers headed in the same direction. It improves fuel efficiency, lowers carbon emissions, and ensures better utilization of trucking assets. With supply chains becoming more cost-conscious and sustainability-focused, consolidation is becoming a critical strategy for carriers and shippers alike.
   
• Environmental concerns are prompting LTL carriers to invest in eco-friendly practices. Initiatives include incorporating electric and fuel-efficient vehicles into fleets and optimizing load capacities to reduce carbon emissions. Such sustainable approaches not only address regulatory pressures but also appeal to environmentally conscious customers. Companies that proactively invest in sustainable solutions will strengthen their reputation and meet regulatory standards.
   
• The LTL market is experiencing significant growth in regions like Asia Pacific, driven by rapid industrialization, the proliferation of e-commerce, and government initiatives promoting trade and cross-border logistics. In North America, improved transportation infrastructure, including highways and rail networks, supports the growth of the regional LTL segment. Market players are focusing on differentiation through superior customer service, technology integration, and service reliability.
   
• For instance, in January 2024, the Indian government is committed to reducing logistics costs to 5–6%. Indian Railways is enhancing freight capacity, increasing train speeds, lowering freight charges, and developing dedicated freight corridors. Efforts also include strengthening last-mile connectivity between railheads, roads, and ports. Aligned with PM Gati Shakti, the government is recognizing logistics as an industry, promoting digital solutions, and expanding logistics infrastructure. These initiatives aim to reduce costs and boost logistics-driven GDP growth.
   

Trump Administration Tariffs

• The Trump administration’s tariffs on Chinese imports significantly raised costs for consumer and industrial goods. LTL carriers, who often handle small and frequent shipments, experienced higher operating costs due to increased declared value of goods and the need for added security and insurance. These costs were typically passed on to shippers, leading to rate hikes and pressure on margins across the supply chain.
   
• Tariff implementation led to shipment volatility as companies rushed to import goods before tariffs took effect. This created erratic demand in the LTL market—surges followed by sharp declines making it difficult for carriers to optimize routes and capacity. The unpredictability strained carrier resources and led to inefficiencies in network planning and load balancing.
   
• In response to tariffs, many businesses restructured their supply chains, shifting sourcing from China to countries like Vietnam, India, and Mexico. This shift altered traditional freight flows, impacting LTL route planning and distribution center placement. LTL carriers had to adapt to changing delivery zones and lane densities, often requiring route realignment and increased last-mile coordination.
   
• Small and medium-sized enterprises (SMEs), which frequently rely on LTL for affordable logistics, were disproportionately affected by tariff-driven cost increases. The rising cost of imported goods and shipping forced many to reduce shipment frequency or absorb losses. This dampened demand in key LTL customer segments, affecting carrier revenue streams and service demand consistency.
   

Less Than-Truck-Load Market Analysis

Based on service, the less than-truck-load market is divided into standard LTL, expedited LTL, guaranteed LTL, cross-border LTL, and intermodal LTL. In 2024, the standard LTL segment dominated the market, accounting for around 31% share and is expected to grow at a CAGR of over 6.4% till 2034.
 

• The standard LTL segment holds the highest market share in the less than-truck-load  market primarily due to its cost-efficiency and widespread applicability across industries. Unlike expedited or specialized LTL services, standard LTL offers a balance of affordability and reasonable delivery timelines, making it the preferred choice for businesses with routine, non-urgent shipments. Its consolidated shipping model allows multiple shippers to share trailer space, optimizing transportation costs and increasing carrier load efficiency.
   
• Furthermore, standard LTL services are well-suited for small-to-medium-sized businesses (SMBs) and retail operations that regularly move palletized freight but do not require full truckload capacity. With the rise of e-commerce and omni-channel distribution, retailers are increasingly relying on frequent, lower-volume shipments to fulfill inventory needs, particularly in urban and regional markets. This trend further boosts demand for standard LTL, reinforcing its dominant position.
   
• In addition, the well-established infrastructure supporting standard LTL—including vast terminal networks, digital tracking systems, and route optimization technologies—enhances service reliability and scalability. These operational advantages, along with competitive pricing and flexible delivery options, ensure that standard LTL remains the backbone of freight logistics for non-time-sensitive cargo, sustaining its market leadership in the LTL segment.
   
• For instance, in July 2024, Knight-Swift Transportation Holdings expanded its LTL footprint by acquiring Dependable Highway Express, a Los Angeles-based LTL carrier. This acquisition strengthens Knight-Swift's presence in the Western U.S. and complements its existing LTL operations.
   

Based on capacity, the less than-truck-load market is segmented into light LTL volume, and heavy LTL volume. In 2024, the heavy LTL volume segment dominates the market with 77% of revenue share and is expected to grow at a CAGR of over 6.3% from 2025 to 2034.
 

• The heavy LTL volume segment holds the highest market share in the less-than-truckload market due to its ability to transport larger, consolidated freight shipments while still avoiding the costs associated with Full Truckload (FTL) services. This segment typically includes shipments weighing between 7,000 to 20,000 pounds, making it ideal for manufacturers, wholesalers, and retailers moving bulk inventory across regional and national supply chains. As businesses seek cost-effective freight options that offer flexibility without committing to full-capacity loads, the heavy LTL segment continues to grow.
   
• Moreover, the rising adoption of just-in-time inventory systems and lean supply chain strategies among industrial and commercial sectors drives demand for heavier, consolidated LTL shipments. Industries such as automotive, machinery, and consumer goods frequently rely on heavy LTL volumes for inbound logistics and replenishment, thereby bolstering market share. These shipments benefit from economies of scale, allowing shippers to reduce per-unit transportation costs and improve overall supply chain efficiency.
   
• In addition, advancements in freight consolidation technologies and digital LTL booking platforms are making it easier for companies to efficiently manage heavy LTL shipments. Logistics providers are also enhancing their fleet capabilities to accommodate higher payloads and expanding network coverage for expedited heavy LTL delivery. As customer expectations for delivery timelines rise and e-commerce fulfillment become more complex, heavy LTL continues to be the preferred choice for shippers looking to balance volume, speed, and cost.
   
• For instance, in March 2025, Amazon intensified its less-than-truckload (LTL) freight operations by forming a "Dispatch & Disruption" team within its Amazon Freight division, aiming to develop a disruptive transportation product. Despite these efforts, industry analysts express skepticism about Amazon's ability to establish itself as a standalone national LTL carrier, citing challenges like infrastructure limitations and competition from established players.
   

Based on mode of operation, the less than-truck-load market is segmented into asset-based carriers, non-asset-based carriers, and hybrid carriers. In 2024, the asset-based carriers equipment category expected to dominate due to direct control over transportation assets like trucks, terminals, and drivers. This allows greater reliability, service consistency, and operational efficiency, which are crucial for timely deliveries, especially amid rising e-commerce demand and increasing customer expectations.
 

• The asset-based carriers segment commands the highest market share in the Less-than-Truckload market due to its ability to offer end-to-end control over transportation infrastructure, including trucks, trailers, and distribution centers. This direct ownership enables greater reliability, operational efficiency, and service consistency, which are crucial in time-sensitive and capacity-constrained LTL shipments. Companies leveraging asset-based models can provide faster responses to demand fluctuations and minimize third-party dependencies.
   
• Additionally, asset-based carriers are better positioned to ensure quality control and service visibility. Their ability to manage and monitor shipments through their own networks offers shippers improved tracking, reduced risks of damage, and fewer delays. This level of assurance is particularly attractive to industries such as retail, healthcare, and automotive, which require predictable delivery schedules and secure freight handling.
   
• Furthermore, these carriers often benefit from stronger economies of scale and long-term customer relationships due to their stable infrastructure and extensive network coverage. Their capital-intensive model allows them to invest in advanced fleet technology, route optimization, and eco-friendly logistics, further reinforcing their dominant role in the LTL market.
   
• For instance, in March 2024, XPO was honored as the 2023 National less than-truck-load Carrier of the Year by MODE Global for the second consecutive year. The award recognized XPO's excellence in service quality, technological capabilities, and customer support, highlighting its commitment to delivering exceptional LTL transportation solutions.
   

Based on end-use, the less than-truck-load market is segmented into automotive, consumer goods & retail, healthcare & pharmaceuticals, industrial & manufacturing, food & beverage, and others. In 2024, the consumer goods & retail category is expected to dominate due to rapid e-commerce growth, rising online shopping trends, and increased demand for frequent, smaller shipments.
 

• The consumer goods & retail segment holds the highest market share in the less-than-truckload market primarily due to the rising demand for flexible and frequent deliveries driven by the growth of e-commerce and omnichannel retailing. Retailers increasingly rely on LTL services to move smaller volumes of goods efficiently across regional and urban areas without bearing the cost burden of full truckload shipments. This model aligns perfectly with fluctuating inventory needs and short delivery timelines.
   
• Moreover, LTL shipping supports the just-in-time (JIT) inventory management practices widely adopted in the retail sector. This is crucial for maintaining lean supply chains, especially in fast-moving consumer goods (FMCG), fashion, and electronics. Retailers often require multiple shipments per week to various locations, and LTL carriers provide the necessary flexibility and frequency while optimizing costs.
   
• Additionally, the seasonal and promotional nature of consumer goods drive spikes in shipping volumes, for which LTL offers scalable solutions. Retailers can adapt to market demands quickly without investing in large-scale freight contracts, making LTL a cost-efficient and reliable mode. This consistent demand flow from the consumer goods & retail industry continues to reinforce its dominant position in the LTL market.
   
• For instance, in December 2024, FedEx announced its intention to spin off its freight division, FedEx Freight, into a separate publicly traded company. This move aims to streamline operations and focus on core business segments, enhancing service efficiency to meet the evolving needs of the retail and consumer goods industries, which heavily rely on LTL services for distribution.
   

In 2024, North America dominates the less than-truck-load market with a share of around 54% and U.S. leads the market in the region generating revenue of USD 114 billion in 2024.
 

• The U.S. less-than-truckload market remains the most mature and dynamic globally, driven by a robust logistics infrastructure, rising e-commerce activities, and regional freight demands. With companies increasingly focusing on cost efficiency and delivery speed, LTL is a preferred option for small- to mid-sized shipments, especially for last-mile and intra-city distribution.
   
• The integration of advanced technologies such as route optimization, real-time tracking, and digital freight platforms has enhanced operational efficiency and improved customer satisfaction. Moreover, the trend toward nearshoring and reshoring in manufacturing is driving increased regional freight movement, bolstering the demand for LTL services across major industrial corridors in the U.S.
   
• Additionally, federal investments in infrastructure and sustainability initiatives such as the Bipartisan Infrastructure Law are aiding fleet modernization and roadway upgrades, further supporting LTL carriers in expanding capacity and reducing costs. These combined factors position the U.S. as a dominant force in the global LTL logistics sector.
   
• For instance, In April 2025, Amazon introduced its less-than-truckload (LTL) service in the U.S., enabling customers to ship inbound freight to Amazon fulfilment centres via a self-service portal. This platform offers shipment quotes, comparisons between Full Truckload (FTL) and LTL options, and real-time tracking. Leveraging over 60,000 trailers and thousands of lanes nationwide, the service aims to provide flexible and cost-effective shipping solutions for businesses.
   

The less than-truck-load market in Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• Germany plays a pivotal role in the European Less-than-Truckload (LTL) market due to its strategic geographic location and strong industrial base. As Europe’s largest economy, it benefits from a robust manufacturing and export sector that drives demand for efficient and cost-effective freight distribution. Germany serves as a logistics hub, with key transportation corridors linking Western and Eastern Europe, fostering continuous LTL demand for both domestic and cross-border shipments.
   
• The growth of e-commerce and just-in-time inventory practices in Germany has increased the demand for more frequent, smaller-volume deliveries, which aligns well with the LTL model. Companies are leveraging LTL services to enhance last-mile delivery efficiency and reduce overall logistics costs. Moreover, LTL providers in Germany are focusing on digital freight platforms and route optimization technologies to boost service reliability and transparency.
   
• Government initiatives such as the Federal Transport Infrastructure Plan (BVWP 2030) aim to modernize road and rail infrastructure, further supporting the LTL market. Sustainability measures, including investments in electric trucks and green logistics hubs, are also influencing service providers to adopt eco-friendly LTL operations.
   
• For instance, in September 2024, Amazon Freight expanded its less than-truck-load service to Germany, offering Amazon vendors and sellers a flexible and cost-effective shipping option. This service allows businesses to ship pallets directly to Amazon fulfillment centers without booking entire truckloads, optimizing transportation capacity and reducing environmental impact. The expansion builds on the program's success in the UK, where Amazon achieved 100% on-time pickups and 97% of shipments delivered within three days.
   

The less than-truck-load market in the China is expected to experience significant and promising growth from 2025 to 2034.
 

• China’s LTL market is experiencing robust growth, driven by rapid urbanization, the rise of e-commerce platforms like JD.com and Alibaba, and increasing demand for cost-efficient, small-parcel freight services. The country’s expanding middle class and consumer-driven economy have also significantly boosted LTL volumes, especially in urban and peri-urban areas.
   
• The Chinese government is actively investing in logistics infrastructure, smart freight corridors, and digital freight platforms to streamline LTL operations. Initiatives like the “New Infrastructure” plan and integration with the Belt and Road Initiative (BRI) have accelerated the development of logistics parks and intermodal hubs, enhancing last-mile connectivity and service efficiency.
   
• Furthermore, the market is seeing the growing adoption of AI, IoT, and big data analytics to optimize routes, reduce idle times, and improve freight consolidation. With strong support from national policies and growing demand from the retail and manufacturing sectors, China’s LTL segment is poised for continued expansion and modernization.
   
• For instance, In October 2024, SF Express signed a Memorandum of Understanding (MoU) with the Thai-Jiangsu Industrial and Trade Association to enhance logistics solutions and facilitate cross-border trade. This strategic partnership aims to streamline supply chain operations and support regional economic integration.
   

Less than-truck-load Market Share

• The top 5 companies of the less than-truck-load industry are ABF Freight, Estes Express Lines, Old Dominion Freight Line, SAIA LTL Freight, and XPO Logistics around 9.6% of the market in 2024.
   
• ABF Freight is focused on expanding technology integration and enhancing network efficiency. The company is investing in fleet modernization and smart trailer systems to improve visibility and real-time tracking. It is also optimizing terminal networks to increase capacity and reduce transit times. Emphasis on customer-centric solutions and digital transformation supports their long-term competitiveness in the LTL sector.
   
• Estes emphasizes network expansion and infrastructure investment, including adding new service centers and modernizing existing facilities. The company is enhancing terminal connectivity to support growing e-commerce demand. With a strong focus on operational reliability and customized LTL solutions, Estes is also upgrading its technology platforms to streamline freight management and provide more accurate tracking and delivery estimates.
   
• Old Dominion follows a premium service strategy with strong investment in service center expansion and technological upgrades. The company prioritizes service reliability, fast transit times, and high on-time performance. It leverages advanced routing and tracking systems and maintains a non-union workforce to retain operational flexibility. Focused on disciplined cost control, it consistently drives best-in-class operating ratios in the LTL industry.
   
• SAIA focuses on geographic expansion and increasing network density across key U.S. regions. The company is investing heavily in new terminals and automation to improve capacity and service reach. It emphasizes high-quality service and customer experience while leveraging data analytics for route optimization and load planning. Technology investments support real-time freight visibility and efficient shipment handling.
   
• XPO’s LTL strategy revolves around technology leadership, operational efficiency, and asset optimization. The company is investing in proprietary platforms such as XPO Smart to automate labor planning and optimize dock productivity. It is also modernizing its fleet and expanding terminals to meet rising LTL demand. Customer-facing digital tools and predictive analytics support enhanced visibility and service customization.
   
• The current strategy in the less-than-truckload market emphasizes expanding hub-and-spoke networks to optimize shipment routing and reduce transit times. Carriers are investing in regional terminals and centralized distribution systems to support higher freight volumes and increase delivery efficiency.
• Additionally, there is a strong push toward digital transformation. Many companies are deploying real-time tracking systems, automated freight quoting platforms, and AI-powered load planning to improve operational visibility and decision-making.
   
• Moreover, LTL providers are adopting sustainability initiatives such as fleet electrification, carbon offset programs, and optimized route planning to align with environmental goals. These strategies are helping companies reduce fuel consumption and emissions while meeting growing customer expectations for greener logistics solutions.
   

Less Than-Truck-Load Market Companies

Major players operating in the less than-truck-load industry are:

• ABF Freight
• Averitt
• Estes Express Lines
• FedEx Freight
• Old Dominion Freight Line
• R+L Carriers
• SAIA LTL Freight
• Southeastern Freight Lines
• TForce Freight
• XPO Logistics
   

Less Than-Truck-Load Industry News

• In October 2024, Delhivery Limited entered a collaboration with Truecaller, a leading global platform for verifying contacts and blocking unwanted communication. The partnership aims to enhance customer communication through Truecaller’s Customer Experience Solution. By leveraging Truecaller Verified Business Caller ID, Delhivery can improve brand visibility by displaying the company name, logo, business category, and verification badge, helping customers easily recognize and trust the call source.
   
• In August 2024, Delhivery Limited also formed a strategic alliance with Team Global Logistics to strengthen its cross-border logistics capabilities. Team Global, known for its ocean freight expertise, provides multimodal transport solutions across major international cargo hubs. Through this partnership, Delhivery expanded its Less than Container Load (LCL) services to over 120 countries and agreed to offer its Part Truckload (PTL) inland transportation services within India to Team Global.
   
• In July 2024, Transport Corporation of India Limited (TCI) unveiled a comprehensive investment plan exceeding ?1,000 crore (approximately USD 120 million) to scale its operations. The investment includes ?400 crore (USD 48 million) for acquiring ships, ?300 crore (USD 36 million) for warehousing and land assets, ?150 crore (USD 18 million) for trucks and containers, and another ?150 crore (USD 18 million) for ancillary infrastructure such as warehousing equipment.
   
• In June 2024, ABF Freight, a subsidiary of ArcBest, partnered with DR?V Technologies to equip its fleet with advanced trailer technology, AirBoxOne. This smart system integrates truck and trailer sensors, enabling real-time monitoring of critical trailer data, including location, performance, and maintenance status while in transit—significantly enhancing operational visibility and safety.
   
• In May 2024, Challenger Motor Freight Inc. announced its cross-border expansion with the launch of Challenger USA, supported by a new terminal in Detroit. This strategic move aims to strengthen the company’s asset-based operations in the U.S. and enhance its cross-border freight capabilities between Canada and the United States.
   

The less than-truck-load market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Service

• Standard LTL
• Expedited LTL
• Guaranteed LTL
• Cross-border LTL
• Intermodal LTL

Market, By Capacity

• Light LTL volume
• Heavy LTL volume

Market, By Mode of Operation

• Asset-based carriers
• Non-asset-based carriers
• Hybrid carriers

Market, By End Use

• Automotive
• Consumer goods & retail
• Healthcare & pharmaceuticals
• Industrial & manufacturing
• Food & beverage
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa