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Road Freight Transportation Market in Europe to Grow by USD 41.2 Billion (2025-2029), Key Role in Intermodal Transport Boosts Market, AI-Powered Evolution – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The Road freight transportation market in Europe size is estimated to grow by USD 41.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 1.8%  during the forecast period. High significance of road freight in intermodal transportation is driving market growth, with a trend towards growing digital transformation in road freight transportation. However, competitive pricing and higher operational costs of road freight transportation  poses a challenge. Key market players include AP Moller Maersk AS, CEVA Logistics, DACHSER SE, DB Schenker, Deutsche Bahn AG, Deutsche Post AG, DSV AS, Ewals Cargo Care Holdings BV, FedEx Corp., GEODIS, H.Essers, Hellmann Worldwide Logistics SE and Co KG, Kuehne Nagel Management AG, MARITIMA SURESTE SHIPPING SLU, Raben Group, Rhenus SE and Co. KG, Schneider and Cie. AG, UAB Girteka Logistics, XPO Inc., and Ziegler Group Corp..

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Road Freight Transportation Market In Europe Scope

Report Coverage

Details

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 1.8%

Market growth 2025-2029

USD 41.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

1.7

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Germany, Spain, UK, France, and Rest of Europe

Key companies profiled

AP Moller Maersk AS, CEVA Logistics, DACHSER
SE, DB Schenker, Deutsche Bahn AG, Deutsche
Post AG, DSV AS, Ewals Cargo Care Holdings
BV, FedEx Corp., GEODIS, H.Essers, Hellmann
Worldwide Logistics SE and Co KG, Kuehne
Nagel Management AG, MARITIMA SURESTE
SHIPPING SLU, Raben Group, Rhenus SE and
Co. KG, Schneider and Cie. AG, UAB Girteka
Logistics, XPO Inc., and Ziegler Group Corp.

Market Driver

Europe’s Road Freight Transportation Market is experiencing significant trends in logistics, particularly in the use of trucks and vans for cargo transportation. Production trends show a rise in door-to-door delivery services due to e-commerce growth. Neighboring countries’ trade agreements and economic recovery impact road freight volume. Retail e-commerce and end-user industries like food & beverages, petroleum needs, and metal & mining rely on road freight solutions. Intermodal transportation and cross-border trade activities are also increasing. Diesel imports and logistics providers’ core competencies are key factors. UPS, Custom, and third-party logistics (3PL) firms offer contract logistics services. Impacting factors include just-in-time manufacturing, RFID tags, globalization, IT solutions, and the multi-modal system. Travel bans, quarantines, movement restrictions, border controls, and closures due to health screening are challenges. 

The European road freight transportation sector is undergoing a significant digital transformation. This revolution is altering the way supply chains function, boosting efficiency, transparency, and responsiveness. At the heart of this shift are advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), data analytics, and blockchain. AI and data analytics provide predictive insights and real-time decision-making through the analysis of extensive data, optimizing routes, anticipating demand, and improving resource allocation. The IoT links devices, vehicles, and equipment, enabling real-time tracking, remote monitoring, and uninterrupted communication among all involved parties. 

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 Market Challenges

The European road freight transportation market is experiencing significant challenges due to production trends and the rise of e-commerce. With the increase in retail e-commerce sales, there is a growing demand for door-to-door delivery services, putting pressure on logistics transportation providers to offer efficient solutions. Neighboring countries and domestic markets are key players in cross-border trade activities, but trade agreements and travel bans due to the economic recovery from the pandemic are impacting factors. Truck and van cargo volumes are at record highs, with core competencies of logistics providers including UPS, Custom, and third-party logistics (3PL) firms, essential for meeting the needs of end user industries such as food & beverages, petroleum, metal & mining, and just-in-time manufacturing. Intermodal transportation and last-mile delivery services are crucial for supply chain efficiency, with IT solutions and software, RFID tags, and a multi-modal system essential for managing the complexities of road freight solutions. However, diesel imports, movement restrictions, border controls, and quarantines are impacting the market, with the globalization of the e-commerce industry and the need for intermodal transportation and cross-border trade activities adding further complexity. Logistics firms must adapt to these challenges and offer contract logistics services to remain competitive.The European road freight transportation market experiences instability due to the volatile prices of crude oil, which significantly impacts operational costs. Fuel expenditure, a substantial portion of operational expenses, is subject to fluctuations, making the market susceptible to price changes. For instance, the 2021 Suez Canal blockage resulted in increased fuel prices, leading to higher operational expenses for carriers, negatively affecting profitability. This unpredictability hinders businesses from creating accurate budgets, planning long-term investments, and offering competitive pricing, posing a persistent financial challenge for market participants.

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Segment Overview 

This road freight transportation market in Europe report extensively covers market segmentation by  

Vehicle Type1.1 Medium and heavy commercial vehicle1.2 Light commercial vehicleProduct 2.1 Food and beverages2.2 Metals and mining2.3 Dangerous goods2.4 Agriculture2.5 OthersGeography 3.1 Europe

1.1 Medium and heavy commercial vehicle-  The European road freight transportation market is primarily driven by the demand for medium and heavy commercial vehicles. These vehicles offer versatility in accommodating various cargo requirements, making them the preferred choice. Major players like Volvo, DAF Trucks, and Mercedes-Benz dominate the market with advanced versions boasting larger payloads, improved fuel efficiency, and emissions compliance. The market is witnessing a shift towards electric and hybrid models due to stringent environmental regulations. E-commerce growth is fueling the need for efficient logistics, pushing the market forward. However, challenges persist, including insufficient alternative fuel infrastructure and driver shortages. The future of the market is shaped by sustainability, with innovations like autonomous driving and networking enhancing operational efficiency and safety. As a result, the demand for medium and heavy commercial vehicles is projected to rise, driving market growth throughout the forecast period.

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Research Analysis

The European road freight transportation market is a vital component of the continent’s logistics sector, facilitating the movement of goods and services between manufacturing hubs, retailers, and consumers. Production trends in manufacturing industries continue to drive the demand for road freight transportation, with an increasing focus on door-to-door delivery services to ensure timely and efficient supply chain operations. The rise of e-commerce and retail e-commerce has further boosted the market, as consumers expect faster delivery times and greater convenience. Domestic and neighboring countries are key markets, with the common border facilitating seamless transportation. Trade agreements and economic recovery are also significant factors influencing the road freight volume. Transportation projects and the development of advanced roadways further enhance the market’s growth prospects. Trucks and vans remain the primary modes of transportation for cargo, with a growing emphasis on fuel efficiency and sustainability.

Market Research Overview

The European road freight transportation market is experiencing significant growth due to increasing production trends, domestic and cross-border trade activities, and the in e-commerce. Door-to-door delivery services, last-mile delivery solutions, and intermodal transportation are becoming increasingly popular. E-commerce, particularly retail e-commerce, is driving the demand for logistics transportation, with food & beverages, petroleum needs, and metal & mining being key end-user industries. The market is witnessing record highs in road freight volume due to the economic recovery of European countries and the impact of trade agreements with neighboring countries. Diesel imports, third-party logistics (3PL), and contract logistics services are core competencies of logistics providers. However, the market is facing challenges such as travel bans, quarantines, movement restrictions, border controls, and closures due to the global pandemic. RFID tags, IT solutions, and software are being integrated into the multi-modal system to enhance supply chain efficiency. The road freight transportation market is expected to continue its growth trajectory, impacted by various factors including just-in-time manufacturing, globalization, and the evolving needs of the e-commerce industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypeMedium And Heavy Commercial VehicleLight Commercial VehicleProductFood And BeveragesMetals And MiningDangerous GoodsAgricultureOthersGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Systech Launches UniSecure artAI, an AI-Powered Authentication Solution for the Life Sciences and Pharmaceutical Industries

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DOWNERS GROVE, Ill., Feb. 26, 2025 /PRNewswire/ — Systech, part of Markem-Imaje and Dover and a leading provider of digital identification and traceability software solutions, today announced the launch of UniSecure artAI™, a transformative AI-powered authentication solution designed to safeguard brands, ensure packaging quality and protect patients. As a fully cloud-based Software as a Service (SaaS) solution, artAI leverages existing packaging artwork and AI applications — like machine vision, machine learning and neural networks — to deliver real-time results and forensic analytics that help combat critical challenges for life sciences companies and pharmaceutical brands. 

“We are thrilled to introduce artAI, a ground-breaking offering that underscores our commitment to providing cutting-edge solutions to challenges ranging from counterfeiting and diversion to upholding the highest level of quality,” said Sreedhar Patnala, General Manager, Systech. “artAI enables brands to quickly identify and resolve issues and roll out packaging quality checks and counterfeit protection at scale. It is easy to use, does not require packaging changes, can be deployed rapidly and provides immediate value.”

Counterfeit medicine trafficking is one of the world’s fastest-growing criminal enterprises, with the illicit, fraudulent or substandard drug market generating up to an estimated $432 billion each year, according to the National Institutes of Health. Brands also face the challenge of false counterfeits due to flaws in packaging quality inspection. artAI serves dual functionality by enabling detection of these issues before the product is shipped and delivering corrective analytics for quality control.

artAI uses advanced machine vision and machine learning to create a digital blueprint of key packaging artwork features, enabling precise verification and quality inspection through pattern recognition. The solution includes an easy-to-use mobile application for simple product scanning and a robust forensic platform to quickly get to the root of the problem. With advanced analytics and reporting, artAI significantly reduces the resources required to identify and resolve critical issues.

Key benefits:

Fast deployment & real-time detection: Uses existing packaging to inspect products immediately; no hardware integration required.Unparalleled forensic intelligence: AI-powered forensic tools and reporting provide extensive data to investigate packaging issues and supply chain threats while providing actionable, robust analytics.Retroactive & proactive protection: Products already in the marketplace are automatically protected under the brand protection program, while production inline applications for quality inspection provide coverage before products are shipped.Carbon footprint reduction: A centralized platform removes the need to ship physical samples or deploy additional forensic resources.

With artAI, brand protection and quality assurance teams can digitize processes, significantly reduce resources and enable rapid return on their investment while keeping patients safe. For more information about artAI, please visit systechone.com.

About Systech:

Systech provides digital identification and traceability solutions that establish essential product data, ensure digital connectivity, and enable real-time insights on the packaging line and throughout the supply chain. With decades of experience in pharmaceutical packaging execution and serialization, Systech offers comprehensive, easily configured, turnkey software solutions with reliable implementation and expert support. Global brands across industries rely on Systech’s platform to help them achieve their objectives in compliance, resiliency, sustainability, and digital transformation. Systech is a leading brand of Markem-Imaje®, a global product identification, packaging intelligence, and connected product solutions provider and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Systech Contact:
Jim Waters
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

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OUTFRONT Media Chief Financial Officer Matthew Siegel to Participate in the Morgan Stanley Technology, Media & Telecom Conference

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NEW YORK, Feb. 26, 2025 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that Matthew Siegel, Executive Vice President and Chief Financial Officer, is scheduled to present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 3, 2025 at 7:05 p.m. Eastern Time. A live and replay audio webcast will be available on the investor relations section of the Company’s website at www.outfront.com

About OUTFRONT Media Inc.
OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in the United States. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.

Contacts:

Investors

Media

Stephan Bisson

Courtney Richards

Investor Relations

Communications & Event Manager

(212) 297-6573

(646) 876-9404

stephan.bisson@outfront.com 

courtney.richards@outfront.com 

 

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SOURCE OUTFRONT Media Inc.

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Connecticut Innovations to Host Talent Fair to Connect Local Students with Startups

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Opportunity for local students eager to join Connecticut’s entrepreneurial ecosystem to engage and network with the state’s most innovative startups

NEW HAVEN, Conn., Feb. 26, 2025 /PRNewswire-PRWeb/ — Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, will host its first talent fair on Thursday, February 27, 2025, from 1:00 p.m. to 4:30 p.m., at District New Haven, to connect a select group of its portfolio companies with top talent from surrounding universities.

Students who attend the fair will hear from a panel of early-stage founders, network with CI portfolio companies actively hiring Connecticut-based talent, and participate in activities, including career development workshops, local giveaways and professional headshot sessions.

The afternoon will also feature interactive booths from the CI companies and a keynote address from Dr. Laurie Santos, a Yale University professor and founder/host of The Happiness Lab podcast, which is based on the psychology class she teaches, the most popular class in the university’s 300-year history.

“We’re excited to offer this great opportunity for local students to engage directly with some of the most promising new companies in our state,” said Bo Bradstreet, talent acquisition director at Connecticut Innovations. “We look forward to helping to create connections that will enhance Connecticut’s innovation ecosystem.”

Who should attend the talent fair? Undergraduate and graduate students interested in becoming part of Connecticut’s dynamic startup community, or those interested in entrepreneurship, innovation or venture capital, are encouraged to attend. For more information and a list of CI companies participating in the fair, visit here.

To register, visit here. Admission is free.

About Connecticut Innovations:
Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. By offering equity and debt investments, strategic guidance and introductions to valuable partners, we help promising businesses to thrive. For more information, please visit http://www.ctinnovations.com.

Media Contact

Lauren Carmody, Connecticut Innovations, 203.232.2022, Lauren.Carmody@ctinnovations.com, https://ctinnovations.com

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SOURCE Connecticut Innovations

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