Frost Radar in the Road Freight Service Provider Market in Singapore

Frost Radar in the Road Freight Service Provider Market in Singapore

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
20-Dec-2019
REGION
Asia Pacific
Research Code: PAB9-01-00-00-00
SKU: TP00193-AP-MR_23923
$4,950.00
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SKU
TP00193-AP-MR_23923
$4,950.00
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Description

Freight transportation accounts for 65% of the global logistics industry, with road freight accounting for over 20% of this volume. With the increase in eCommerce and global trade, the Asia-Pacific region and parts of Africa are expected to grow in the future and drive the markets for road freight service. However, the impact of Brexit and the US-China trade wars, as well as surging fuel and labor costs, has created uncertainty and volatility in the market over the next several years.

In Singapore, the road transport sector is much smaller in scale in comparison to its air and ocean counterparts. However, the subsector plays a critical role in the industry as it is the necessary mode of transport in the beginning and the end of the logistics supply chain. Moreover, the subsector is the only mode of transportation involved in many door-to-door freight chains, which is the only mode of transport involved.

In order to remain competitive in the road freight market, service providers are focusing on offering industry-specific solutions and geographic specialization. Moreover, freight technologies are becoming increasingly critical, with start-ups bringing in digital solutions, transforming the industry services, and improving efficiency. The digital innovation seen in the industry includes fleet management solutions, real-time visibility of truck and truck utilization, driver safety technologies, and blockchain and AI technologies for operations improvement and collaboration.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders, predominantly in the Innovation Index for this market are recognized as best practice recipients.

Table of Contents

Industry Overview

Industry Overview (continued)

The Frost Radar

Frost Radar—Description of Companies Plotted

CWT Pte. Limited

Bok Seng Logistics Pte Ltd

Cogent Holdings Pte Ltd

Poh Tiong Choon Logistics

LTH Logistics (Singapore) Pte Ltd

Woodlands Transport Service Pte Ltd

Allied Container Group

CA Transportation & Warehousing Pte Ltd.

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
Freight transportation accounts for 65% of the global logistics industry, with road freight accounting for over 20% of this volume. With the increase in eCommerce and global trade, the Asia-Pacific region and parts of Africa are expected to grow in the future and drive the markets for road freight service. However, the impact of Brexit and the US-China trade wars, as well as surging fuel and labor costs, has created uncertainty and volatility in the market over the next several years. In Singapore, the road transport sector is much smaller in scale in comparison to its air and ocean counterparts. However, the subsector plays a critical role in the industry as it is the necessary mode of transport in the beginning and the end of the logistics supply chain. Moreover, the subsector is the only mode of transportation involved in many door-to-door freight chains, which is the only mode of transport involved. In order to remain competitive in the road freight market, service providers are focusing on offering industry-specific solutions and geographic specialization. Moreover, freight technologies are becoming increasingly critical, with start-ups bringing in digital solutions, transforming the industry services, and improving efficiency. The digital innovation seen in the industry includes fleet management solutions, real-time visibility of truck and truck utilization, driver safety technologies, and blockchain and AI technologies for operations improvement and collaboration. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders, predominantly in the Innovation Index for this market are recognized as best practice recipients.
More Information
No Index No
Podcast No
Author Aliaa Mohd Nor
Industries Transportation and Logistics
WIP Number PAB9-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9674-A6,9694,9AF6-A6