Future for trucking bright? ATA predicts so
Staff Report | July 23, 2014
Trucking will see continued growth both in freight and revenue in the next 10 years, according to the American Trucking Associations’ U.S. Freight Transportation Forecast to 2025.
Between now and 2025, tonnage will grow 23.5 percent, ATA predicts, while freight revenues are predicted to grow a whopping 72 percent.
However, adaptation by carriers will be key to enjoying the boom, says ATA, as regional growth patterns, technological changes and the evolution of manufacturing and distribution will make the industry more complex. Carriers that become “True logistics experts” will be the ones that come out on top, ATA’s report says.
The report also predicts that truck’s share of freight will continue to grow in the next 10 years, though by just a few percentage points — from 69.1 to 71.4.
Truckload volume will grow by about 3.5 percent a year through 2019 and then 1.2 percent annually in the next five years, the report predicts. But truckload carriers will use intermodal rail for longer hauls.
ATA’s Forecast can be purchased as a bound volume or a downloadable PDF at www.atabusinesssolutions.com.
Editor’s Note: This post was originally written by the staff of Overdrive Online.
MORE FROM Industry
- Congress passes spending bill; cuts billions from federal construction accounts554 Views
- Maintaining America’s most historic tourist routes521 Views
- Tappan Zee bridge construction shut down after silos collapse468 Views
- Last second Christmas gift ideas for highway and bridge construction workers134 Views
- Keep your laws off our ditches75 Views