Freight Transport Market Size Is Expected To Reach USD 72.97 Billion By 2030
San Francisco, 27 July 2023: The Report Freight Transport Market Size, Share & Trends Analysis Report By Offering (Solution, Services), By Mode Of Transport, By Vertical, By Region, And Segment Forecasts, 2022 - 2030 The global freight transport market size is expected to reach USD 72.97 billion by 2030, registering a CAGR of 11.3% during the forecast period, as per the new report by Grand View Research, Inc. The growth of the market is attributed to reduced shipping costs, especially for companies that engage in bulk shipments on a regular basis. Utilizing freight transport services allows businesses to focus on their core activities such as R&D, manufacturing, strategic planning, and outsourcing product fulfillment operations to freight transport providers offers the benefits of an entire logistics set-up, including warehousing, order processing equipment, and computer and software systems, without fixed overheads. In addition, the factors such as growing urbanization a