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Refrigerated Road Transportation Market | COVID-19 Impact and Emerging Opportunities | Technavio


The global refrigerated road transportation market is expected to grow by USD 2.40 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 5%.

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Read the 120-page report with TOC on “Refrigerated Road Transportation Market Analysis Report by Type (Refrigerated trailers and Refrigerated vans), Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024”. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.

The refrigerated road transportation market is driven by the rising initiatives to promote the cold chain. In addition, the growth in demand for reefer containers from pharmaceutical industry is anticipated to boost the growth of the refrigerated road transportation market.

Many governments and international regulatory bodies across the world are introducing various regulations to ensure the safe transportation of food products and drugs. For instance, the WHO has formulated several guidelines for maintaining and managing international packaging and shipping of vaccines. Similarly, the United States Food and Drug Administration has formulated certain guidelines known as the Drug Supply Chain Security Act Implementation for the transportation of pharmaceutical products. Such guidelines have necessitated F&B and pharmaceutical companies to shift their focus toward the use of cold chain solutions such as refrigerated road transportation to maintain the purity of their products. Therefore, the introduction of various initiatives to promote cold chain logistics is expected to fuel the growth of the global refrigerated road transportation market during the forecast period.

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Major Five Refrigerated Road Transportation Companies:

Bay and Bay Transportation

Bay and Bay Transportation operates its business through segments such as Shippers, Drivers, and Carriers. The company offers refrigerated trucking solutions in its portfolio.

C.H. Robinson Worldwide Inc.

C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, and All Other and Corporate. The company offers shipping of perishable and temperature-sensitive products in temperature-controlled refrigerated trucks.

Carrier Global Corp.

Carrier Global Corp. operates its business through segments such as HVAC, Refrigeration, and Fire & Security. The company offers trailer and truck refrigeration solutions under its subsidiary Carrier Transicold.

CRST International Inc.

CRST International Inc. operates its business through a unified segment. The company provides a wide range of refrigerated road transportation services.

Schenker AG

Schenker AG operates its business through segments such as Integrated rail system, DB Schenker, and DB Arriva. The company offers transportation services for transporting temperature-sensitive goods such as pharmaceuticals, meat and dairy products, fruits and vegetables, and general refrigerated perishable products.

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Refrigerated Road Transportation Market Type Outlook (Revenue, USD Billion, 2020-2024)

  • Refrigerated trailers
  • Refrigerated vans

Refrigerated Road Transportation Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Related Reports on Industrials Include:

Global Cold Chain Logistics Market for Pharmaceuticals Industry “ Global cold chain logistics market for pharmaceutical industry by service (warehousing and VAS and transportation) and geography (North America, APAC, Europe, South America, and MEA).

Global Healthcare Logistics Market “ Global healthcare logistics market by service (transportation and warehousing), product (pharmaceutical products and medical devices), and geography (North America, APAC, Europe, South America, and MEA).

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, Technavios 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 Technavios 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.

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Dovly, the Credit Repair Engine, Welcomes Todd Davis, Co-Founder and Former CEO of LifeLock, to Advisory Board


PHOENIX, Dec. 3, 2020 /PRNewswire/ — Dovly, the credit repair engine that tracks, manages, and fixes your credit, today announced the appointment of Todd Davis, co-founder and former chief executive officer (CEO) of identity protection leader LifeLock, to its board of advisors.

“Todd is one of the most innovative marketers and business leaders in the personal finance industry,” said Nirit Rubenstein, CEO and co-founder of Dovly. “His unique understanding of consumer mindsets and financial technology enabled him to create and scale a transformational business. His insights will help us take Dovly to the next level.”

“Millions of Americans have at least one serious mistake on their credit reports,” Todd Davis, co-founder and former CEO of LifeLock, explained, “yet far too many of those people aren't even aware of it, nor do they understand the impact these mistakes have on credit scores. Dovly is a game changer.”

After launching his career with Dell in the early 1990s, Davis co-founded LifeLock in 2005. Five years later, the company ranked eighth on Inc. Magazine's list of the 500 fastest growing companies in America, and in 2012, the company went public. By 2014, LifeLock had over three million subscribers and 700 employees. Symantec acquired the company in February 2017 for $2.3 billion. Davis now serves as chairman of the board of Kadenwood and Aesthetics Biomedical.

Dovly also welcomed Jacky Chiu, the former vice president of product of LifeLock, to its advisory board. Chiu is the co-founder and chief technology officer of Brightside, a financial technology company that recently secured a $35 million series A funding round led by Andreessen Horowitz.

About Dovly

Dovly is an advanced credit repair engine that tracks, manages, and fixes your credit. Dovly's fully automated technology enables customers to get ahead financially by leveraging credit intelligence to repair credit scores. The company is headquartered in Phoenix, Arizona, and has increased its customer base by 160% this year alone. In June of 2020, Dovly raised a $2.25 million round of seed funding led by NFX, with participation from 1984 Ventures.

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Junior Achievement and Janus Henderson Launch New JA Titan®, an Online Simulation that Lets Teens Start and Run a Virtual Business


COLORADO SPRINGS, Colo., Dec. 3, 2020 /PRNewswire/ — Today, Junior Achievement USA and global asset manager Janus Henderson Investors are announcing the launch of the new JA Titan®, an online simulation that allows teens to start and run a virtual business.

JA Titan has been a popular JA educational offering for many years, but this is a newly reimagined version,” said Jack E. Kosakowski, President and CEO of Junior Achievement USA. “We anticipate the new design-based approach made possible with the support of Janus Henderson will make JA Titan especially compelling to today's 'digital natives' who we had in mind when we redeveloped it.”

Tiphani Krueger, Janus Henderson Foundation President and Co-Head of Human Resources at Janus Henderson Investors, said: “At Janus Henderson we believe in elevating the knowledge of our youth. We have a great partnership with Junior Achievement and we are excited to be rolling out such an interactive and innovate program, JA Titan will help students learn critical decision-making and problem-solving skills in a virtual environment.”

JA Titan is a simulation-based program in which high school students compete as business CEOs in the phone industry, experiencing firsthand how an organization evaluates alternatives, makes decisions, analyzes the outcomes of those decisions, and then strategizes what to do next. With a focus on financial literacy and insights into the workforce, JA Titan brings business economics to life. As students work in teams, or on their own, to make financial decisions about production, marketing, research and development (R&D), and corporate social responsibility (CSR), they begin to see how every choice made in an organization relates to its future success.

JA Titan is offered in a variety of delivery models to accommodate different learning formats being used by educators this school year. For more information about Junior Achievement and learning experiences like the JA Titan, visit

About Junior Achievement USA® (JA)
Junior Achievement is the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provide relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness, and entrepreneurship. Today, JA reaches nearly 4.8 million students per year in 105 markets across the United States, with an additional 5.2 million students served by operations in 100 other countries worldwide. Junior Achievement USA is a member of JA Worldwide. Visit for more information.

About Janus Henderson
Janus Henderson Group (JHG) is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.

As of June 30, 2020, Janus Henderson had approximately US$337 billion in assets under management, more than 2,000 employees, and offices in 27 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).

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California Association of Realtors Partners with Bend to Offer HSAs to Members


BOSTON, Dec. 3, 2020 /PRNewswire/ — Bend Financial (Bend), an industry-leading health savings account (HSA) provider, today announced that they have been chosen by the California Association of Realtors (C.A.R.) to provide health savings accounts to all C.A.R. members who select HSA-eligible high-deductible health plans (HDHPs). Through this exclusive endorsement, C.A.R. members will have access to Bend's next-generation HSA platform as part of their member benefits package.


“We selected Bend because they're innovative and committed to helping our members learn about and maximize their HSAs.”

“What we offer goes beyond a standard health savings account and provides a vehicle for improved financial wellness, and that's exactly what C.A.R. wanted for their members and why this partnership is such a great match,” explained Tom Torre, CEO of Bend. “At Bend, we're all about proactively helping our accountholders maximize their HSAs, while providing our partners with a unique, industry-leading benefit offering that sets them apart. We know how important HSAs can be to those working in the real estate industry, and we're excited to help C.A.R. members take advantage of our user-friendly platform that simplifies HSAs.”

The Bend HSA leverages advanced technologies like artificial intelligence (AI) and machine learning to help accountholders optimize tax benefits and healthcare spending through their HSA and also comes equipped with a unique tool that recognizes patterns and suggests optimizations customized to each accountholder in real time. For busy real estate professionals, Bend's resources will help them maximize their HSA benefits without losing focus on their business or their bottom line.

“We selected Bend because they're innovative and committed to helping our members learn about HSAs and guiding them in maximizing the product's benefits, while also helping them build financial wellness,” said 2021 C.A.R. President Dave Walsh, vice president and manager of the Compass San Jose office. “As independent contractors who typically don't have access to healthcare and financial offerings through an employer plan, our members can now better manage their healthcare expenses through Bend's unique offering.”

Pairing an HSA with an HDHP is widely recognized as being an extremely effective, affordable and tax-advantaged way for individuals and families to save and pay for expenses while taking a more active role in their healthcare. HSA participants enjoy a triple tax advantage, flexibility of use, account portability, rollovers, investment opportunities and more. HSA-eligible plan enrollment is on track to grow more than 25% in the next year, and individual HSAs are on pace to exceed 30 million accounts by 2022.

About Bend Financial

Bend Financial helps accountholders and partners improve their financial wellness through a next-generation health savings account (HSA) platform and complementary financial solutions, while providing employers, brokers and financial institutions of all types and sizes unique, leading-edge benefit offerings. Headquartered in Boston, Bend's forward-thinking, user-friendly approach simplifies healthcare saving and offers real-time, personalized guidance that makes it easy for anyone to maximize their HSA. For more information, visit, read Bend's blog and follow Bend on Twitter and LinkedIn.

Zac Otzelberger
(715) 630-8688
[email protected]

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