Trucks - Commercial Logistics Industry - 2023
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Report Overview: Trucks - Commercial Logistics Industry
- Trucking is the leading mode of transportation in Thailand's freight industry due to Bangkok's role as a central industrial hub and the inefficiencies in the rail transportation system.
- Fuel stands out as a primary cost for logistics companies, with older fleet age, which leads to increased maintenance costs.
- The dominance of freight transport by road hinders the transition towards water and rail transportation. Apart from the areas surrounding Bangkok, the railway system mainly consists of single rail tracks.
- Logistics costs are on an uptrend with e-commerce trends significantly driving the industry during the pandemic.
- The industry is fragmented with lower barriers to entry, intensifying the competition level.
Value Chain/Business Model
- The industry is segmented broadly into individual truck operators and third-party logistics (3PL) companies.
- Individual truck operators led the industry with 3PL companies becoming gradually popular.
Commercial Logistics Industry Value Chain
- Trucking Dominates Thai Freight Transportation Industry Driven by Bangkok Being a Major Industrial Hub and Inefficiencies in Rail Transportation
- Individual Truck Operators Dominate the Industry; 3PL Logistic Companies Gradually Becoming Popular
- Fuel the Main Cost for Logistic Companies; Old Truck Fleets Result in Higher Maintenance Costs
- Dominance of Freight Transport Via Road Weakens with the Intended Shift to Water and Rail
- Logistics Costs on an Uptrend; Rising Trends in E-Commerce Drive the Logistics Industry During the Pandemic
- Establishment of AEC and GMS Zones Supported the Cross Border Truck Logistics
- Fragmented Industry with Low Barriers to Entry Intensifying Competition
- SCG Logistics Management: Thai-Owned Third-Party Logistics Service Provider with Transports Covering Inland/ Multimodal Focus on Both Domestic and Cross Border
- DHL Distribution (Thailand): Subsidiary of World’s Leading Logistics Company
- Kiattana Transport: Logistics Player with Specialisation in Transports of Chemicals and Dangerous Goods