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Local General Freight Trucking Global Market Report 2024-2028 & 2032 [Yahoo! Finance]
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The local general freight trucking market size has grown marginally in recent years. It will grow from $131.36 billion in 2023 to $133.79 billion in 2024 at a compound annual growth rate (CAGR) of 1.8%. The local general freight trucking market size is expected to see marginal growth in the next few years. It will grow to $144.45 billion in 2028 at a compound annual growth rate (CAGR) of 1.9%. The growth observed in the historical period can be attributed to several factors, including economic growth in emerging markets, expansion in the building and construction sector, and an increase in disposable income. The anticipated growth in the forecast period can be attributed to the increasing sales in e-commerce, a rise in urbanization, and growing demand for raw materials from the manufacturing industries. Key trends expected during this period include the use of artificial intelligence (AI), a focus on the Internet of Things (IoT), increased mergers and acquisitions, rising investmen
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