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Industry Landscape
The commercial trucking and logistics technology industry is currently experiencing significant growth, driven by increasing demand for freight transportation and a persistent shortage of qualified CDL drivers. Automation and digital solutions are becoming crucial for efficient driver recruitment, onboarding, and regulatory compliance. The industry is also seeing consolidation, as evidenced by acquisitions like Tenstreet's purchase of DriverReach, aiming to offer more comprehensive solutions and expand market reach.
Total Assets Under Management (AUM)
Number of For-Hire Trucking Companies in United States
~Approx. 1.2 million (2022 est.)
(3.7% (2022) CAGR)
- Growth indicates ease of entry and increasing demand.
- Many are small owner-operators.
- Reflects the fragmented nature of the industry.
Total Addressable Market
260 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Impactful Policy Frameworks
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