Latin America Less-Than-Truckload (Ltl) Market Size & Outlook
The less-than-truckload (ltl) market in Latin America is expected to reach a projected revenue of US$ 13,704.5 million by 2030. A compound annual growth rate of 7.8% is expected of Latin America less-than-truckload (ltl) market from 2025 to 2030.
Revenue, 2024 (US$M)
$8,720.1
Forecast, 2030 (US$M)
$13,704.5
CAGR, 2025 - 2030
7.8%
Report Coverage
Latin America
Latin America Less-Than-Truckload (Ltl) Market, 2018-2030 (US$M)
Latin America less-than-truckload (ltl) market highlights
- The Latin America less-than-truckload (ltl) market generated a revenue of USD 8,720.1 million in 2024.
- The market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
- In terms of segment, long-haul carriers was the largest revenue generating type in 2024.
- Long-haul Carriers is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 8,720.1 million |
| Market revenue in 2030 | USD 13,704.5 million |
| Growth rate | 7.8% (CAGR from 2025 to 2030) |
| Largest segment | Long-haul carriers |
| Fastest growing segment | Long-haul Carriers |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Long-haul Carriers |
| Key market players worldwide | ABF Ingredients, Central Transport, Estes Express Lines, FedEx Freight, Old Dominion Freight Line, R Carrier, Inc., TFI International, XPO Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.8% of the global less-than-truckload (ltl) market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 87,199.5 million by 2030.
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Publish Date: Nov 12, 2024
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Less-Than-Truckload (LTL) Market Scope
Less-than-truckload (LTL) Market segmentation & scope
Capacity
Light LTL Volume
Heavy LTL Volume
Destination
Domestic
International
Less-Than-Truckload (LTL) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| XPO Inc | View profile | 39,000 | Five American Lane, Greenwich, CT, United States, 06831 | www.xpo.com |
| ABF Ingredients | View profile | 501-1000 | Peterborough, Peterborough, United Kingdom, Europe | www.abfingredients.com/ |
| Old Dominion Freight Line | View profile | 10001+ | Thomasville, North Carolina, United States, North America | www.odfl.com |
| Central Transport | View profile | 1001-5000 | Warren, Michigan, United States, North America | www.centraltransport.com/ |
| Estes Express Lines | View profile | 10001+ | Richmond, Virginia, United States, North America | www.estes-express.com/ |
| FedEx Freight | View profile | - | Memphis, Tennessee, United States, North America | www.fedex.com/en-us/shipping/freight.html |
| R Carrier, Inc. | View profile | 5001-10000 | Wilmington, Ohio, United States, North America | www.rlcarriers.com |
| TFI International | View profile | 10001+ | Saint Laurent, Quebec, Canada, North America | www.transforcecompany.com/ |
Latin America Less-than-truckload (LTL) Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Less-than-truckload (LTL) Market Outlook will help companies and investors design strategic landscapes.
Long-Haul Carriers was the largest segment with a revenue share of 100.0% in 2024.
Horizon Databook has segmented the Latin America less-than-truckload (ltl) market based on long-haul carriers covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Less-Than-Truckload (Ltl) Market Type Outlook (Revenue, USD Million , 2018-2030)
- Long-haul Carriers
- Superregional Carriers
- Regional Carriers
- Latin America Less-Than-Truckload (Ltl) Market Capacity Outlook (Revenue, USD Million , 2018-2030)
- Light LTL Volume
- Heavy LTL Volume
- Latin America Less-Than-Truckload (Ltl) Market Destination Outlook (Revenue, USD Million , 2018-2030)
- Domestic
- International
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Less-than-truckload (LTL) Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Less-than-truckload (LTL) Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.