The global transportation services industry is expected to witness modest growth and reach an estimated US $2,735 billion with a CAGR of 2.5% over the next five years. Growth is expected to be driven by government infrastructure investments, improved economic conditions, rise in industrial production, and mining activities. The global transportation services industry consists of revenues generated from freight transportation by road, rail, air, and marine modes. The industry is capital-intensive and demand is driven by macroeconomic trends in global imports and exports. The intensity of competition varies depending on the specific industry; the road transport sector for example, usually experiences the highest level of rivalry, while railways, as natural monopolies, suffer less from direct competition. North America dominates this market and is forecast to witness the highest growth over the next five years. A strong economy is expected to fuel the demand for freight growth in Canada and other nations. Marine Freight transportation services are forecast to register the highest growth over the next five years. Tightening infrastructure capacity and increased fuel prices, decline in import and export activity, slowdown of global trade, and vehicle regulations are key challenges for the industry. Resumption of growth in the worldwide merchandise trade is likely to create more demand for freight transportation services. The global road freight transportation services industry experienced good growth over the last five years and is expected to continue that momentum to reach approximately US $2,021 billion. The industry is anticipated to have a CAGR of 2.4% over next five years. The global road freight transportation services industry is fragmented. The North American region dominates this market as improvements in the shipping supply chain are driving the growth of the road freight market in that region. A combination of factors, including high fuel costs, government regulations, and increasing road congestion, impact industry dynamics significantly. Despite a decline during the recession, the market witnessed considerable growth in the following years. Driving growth were government incentives to adopt green technologies that are strengthening the business case for hybrid power train systems and increasing demand for road freight, driven by modest economic growth. Retaining drivers, a shortage of drivers, high cost of truck downtime, and highway funding are among the biggest challenges for the industry. Investment in transport infrastructure, increasing global trade activity, high demand for import and export of goods, increase in consumer demand for goods, and expanded mining activities are expected to boost the industry in the future. Asia Pacific and Rest of the World markets are expected to grow rapidly over the next 10 years due to the presence of high growth potential markets such as China, India, Vietnam, and others.