Road Freight Transport Global Market Report 2023 - Yahoo Finance

The global road freight transport market is expected to reach $98.94 billion in 2023 at a CAGR of 7.4%, growing to $127.27 billion in 2027 at a CAGR of 6.5%. Full truckload and less-than-truckload are the main types of carriers used in road freight transport, with the increasing cross-border trade driving the market's growth. North America was the largest region in the market in 2022, with Asia-Pacific expected to be the fastest-growing region going forward. Technological advancements are also gaining popularity in the road freight transport industry.

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