Major players in the automobiles and heavy equipment trucking market are American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service, Schneider National, C. H. Robinson, and J.
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Automobiles And Heavy Equipment Global Market Report 2022" – https://www.reportlinker.com/p06250369/?utm_source=GNW
B. Hunt Transport.
The global automobiles and heavy equipment market is expected to grow from $275.24 billion in 2021 to $305.7 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The market is expected to grow to $444.54 billion in 2026 at a compound annual growth rate (CAGR) of 9.8%.
The automobile and heavy equipment trucking market consists of sales of automobiles and heavy equipment trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of automobiles and heavy equipment. Only goods and services traded between entities or sold to end consumers are included.
The main types in the automobiles and heavy equipment trucking market are business services, managed services, system integrators, and others.The business services involve over-the-road transportation of automobiles and heavy equipment by various businesses.
The market is segmented by size into heavy trucks, medium trucks, and light trucks and by application into cars and light trucks, medium and heavy trucks, farm and construction equipment, and others.
Asia Pacific was the largest region in the automobiles and heavy equipment market in 2021.North America was the second largest region in the automobiles and heavy equipment market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment market over the coming years.To enable the automobile to react to external conditions that a human driver will handle, an autonomous vehicle utilizes a fully automated driving system.
According to the Victoria Transport Policy Institute’s report on autonomous vehicle implementation predictions published in June 2020, autonomous vehicles will be reliable, affordable, and safe by 2025 and is predicted to be commercially available in many areas by 2030.In 2019, Amazon started using Embark’s self-driving trucks to move freight faster.
Moreover, in 2020, Mercedes-Benz will release its semi-autonomous truck prototype scheduled for 2025. Therefore, the growing demand for autonomous transportation drives the growth of the automobile and heavy equipment market.
The impact of COVID-19 is expected to limit the growth of the automobiles and heavy equipment market in the coming years.The transportation industry faces severe challenges due to coronavirus, supply chain disturbances, and national emergency delivery needs forcing fleet managers, dispatchers, and drivers to work extra hours, while transportation in other sectors, such as restaurant supply and live event equipment, has halted.
According to the Center for Disease Control and Prevention, the trucking industry lost more than 88,000 jobs in April 2020, a 5.8% decline from March, out of a total of 20.5 million job losses in the USA across various industries, placing the nation’s total unemployment rate at 14.7%. Additionally, a recent survey found that nearly half (48%) of carriers registered significantly lowered freight rates across the USA. Therefore, the impact of COVICD 19 restraints the growth of the automobiles and heavy equipment market.
Advancing technologies is a major trend gaining popularity in the automobile and heavy equipment market.Major companies operating in the automobile and heavy equipment market are focusing on developing innovative technological solutions.
For instance, in 2020, companies such as ACL Airshop are using CoreInsight Node Technology to provide advanced unit load (ULD) tracking with a Bluetooth ULD Tracking system for freight control, carrier shipment marking, air cargo monitoring, asset tracking, and reporting solutions. CoreInsight Node Technology enables producers to monitor deliveries, manage business intelligence (BI) packages, and help in activities remotely by accurately monitoring cargo with the help of ULD devices.
In February 2019, CMA CGM S.A., a French container transportation and shipping company acquired CEVA Logistics for $1.65 billion. This deal with CEVA Logistics will allow CMA CGM S.A. to create economies of scale by combining the two businesses. The company plans to expand its footprint in the logistics sector. CEVA Logistics is a USA-based logistics and supply chain company engaged in providing end-to-end supply chain services and solutions.
The countries covered in the automobiles and heavy equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06250369/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
Shares of Nvidia (NASDAQ: NVDA) were tumbling this afternoon as investors grew increasingly concerned about high-growth technology stocks. Tech investors have been jittery this week ever since Netflix released disappointing quarterly results in which the streaming giant lost 200,000 subscribers. While Nvidia and Netflix don't have similar businesses, both are technology companies, and investors are advancing their pessimism about Netflix toward other tech stocks, including Nvidia today.
Hydrogen fuel cell pioneer Plug Power (NASDAQ: PLUG) is taking investors on a wild ride this week. On Tuesday, the maker of fuel cells for forklifts announced a deal to supply its marquee customer, Walmart (NYSE: WMT), with up to 20 tons of green hydrogen per day. On Wednesday, however, Plug Power quickly began giving back those gains, ending the session down 5%.
Shares of Digital World Acquisition Corp. (NASDAQ: DWAC) slumped nearly 12% as of 2:38 p.m. ET today following a recent short report from a hedge fund. DWAC is the special-purpose acquisition company (SPAC) taking the parent company of the Donald Trump-backed social media platform Truth Social public. The hedge fund Kerrisdale Capital Management took to Twitter yesterday to announce that the fund is shorting DWAC.
Yahoo Finance's Jared Blikre breaks down Snap's stock reaction following a Q1 revenue miss.
Amazon (NASDAQ: AMZN) shareholders lost ground to the market on Thursday as the stock fell 3% by 3:30 p.m. ET, compared to a 1% drop in the S&P 500. It came as investors brace for a potentially downbeat earnings report ahead in the next week. Amazon made a few announcements before the market opened today, including news that it is expanding its Prime shopping service to third-party retailers.
Tesla may have just confirmed that the biggest impediment to Rivian's growth isn't going away anytime soon.
After rising on Tuesday, shares of Nio (NYSE: NIO) shifted into reverse yesterday, and investors currently don't seem interested in changing direction. Officials in Shanghai remain unchanged in their dedication to severe lockdown measures, attempting to stem the spread of COVID-19. Investors, consequently, are concerned that this could affect the company's ability to sustain operations at a nearby factory.
Sheryl Sandberg allegedly worked with a team of Facebook and Activision employees to block a U.K. newspaper from publishing a negative article about then-boyfriend Bobby Kotick.
(Bloomberg) — Used-car dealer Carvana Co. said it faced a “uniquely difficult environment” in the first three months of the year after reporting a larger-than-expected quarterly loss.Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkrainePutin Calls Off Storm of Mariupol With Ukraine Troops SurroundedThe Second Wave of the Russian Oil Shock Is StartingObamas to Leave Spotify, Seek Podcast Deal ElsewhereUkraine Latest: Biden Boosts Aid, Kyiv Sees $600 Billion
(Bloomberg) — Russia’s state oil producing giant Rosneft PJSC surprised traders in Europe and Asia with offers to sell large amounts of crude at speed, as well as setting out significant changes to the payment process for at least some of the cargoes.Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Craters After Shock Subscriber Drop, ‘About-Face’ on AdsUkrainian Troops Risk Being Encircled in New Russian OffensiveIn Defense of Elon Musk's Mana
Chief Executive John Stankey spoke with Barron's about the next steps for the telecommunications company now that it has slimmed down.
Short-term stock market jitters are a great opportunity to pick up high-growth stocks like these at a discount.
Since the AT&T spinoff of its 71% stake in Warner Bros. Discovery to its shareholders on April 8, many AT&T investors have considered selling their Warner Bros. stock to buy more AT&T to get higher income. Calculating the cost basis of AT&T (ticker: T) and Warner Bros. Discovery (WBD) is a little tricky, and the right approach could be somewhat different than what Barron’s originally suggested immediately after the spinoff. The good news for any AT&T holders selling their Warner Bros. stock is that their cost basis is calculated based on when they bought AT&T shares, not the date of the spinoff.
Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss first quarter earnings for aluminum company Alcoa.
In this article, we discuss 8 stocks to sell now according to Mitch Cantor’s Mountain Lake Investment Management. If you want to skip our detailed analysis of Cantor’s history, investment philosophy, and hedge fund performance, go directly to 4 Stocks to Sell Now According to Mitch Cantor’s Mountain Lake Investment Management. California-based hedge fund Mountain […]
"I was surprised that people do not realize the magnitude of the Optimus robot program," the Tesla CEO said on the company's earnings call late Wednesday.
Fertilizer costs have roughly doubled from a year ago as the war in Ukraine disrupted the flow of supplies from Russia, the world’s largest exporter of the commodity. That has contributed to higher global prices for food, especially corn.
Markets are well past the initial shock of Russia's invasion of Ukraine, but the conflict still needs to be resolved somehow. Here are the good, manageable and ugly scenarios.
The Federal Reserve changed course last month, implementing its first interest rate hike in 3 years, and announcing the end of its long-standing policy of bond purchases – quantitative easing – going forward. The moves are a direct response to high inflation, a necessary shift when the inflation is running at 8.5% annualized. In the meantime, markets are volatile. Stock and bond markets are fluctuating, and we’re starting to see short-term bond yields exceed the long-term. It’s definitely intere
The last five years have been very good for Advanced Micro Devices (NASDAQ: AMD). Case in point: An investment of $10,000 in AMD made in April 2017 would now be worth $75,600. Shares are down 35% year-to-date as investors have soured on the technology sector.