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According to a report by Precedence Research, the global freight transport market is valued at $34.53 billion in 2024 and is expected to reach $100.81 billion by 2034, representing a compound annual growth rate  of 11.31%. North America is estimated to have a market size of $11.74 billion in 2024 and is forecasted to grow at a robust CAGR of 11.45% during the same period. 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