ATA’s U.S. Freight Transportation Forecast to 2024 is predicting that the trucking industry’s share of tonnage will rise to 70.8% by 2024 from 68.5% in 2012. It is also projected that over the same period of time, overall freight revenue will grow by 63.6% to $1.3 trillion annually in 2024 and trucking will see its share of those revenue rise to 81% from 80.7% in 2012. On top of that, truckload volumes are expected to grow 3.2% through 2018 and 1.1% annually between 2019 and 2024. Less-than-truckload volume should grow 3.5% annually through 2018 and by 2.4% until 2024.
The exciting news reported by ATA’s U.S. Freight Transportation Forecast should have an impact. The Federal Government, as well as other users of freight transportation, relies on the Forecast in order to help them understand industry trends and make critical planning decisions for the future. Industry leaders as well as all individuals who are involved in transportation are encouraged to take the time to review the Forecast.
For more information and downloadable PDF formats of the full report, click here.