ATA Predicts Growth for Trucking
The American Trucking Associations' U.S. Freight Transportation Forecast predicts significant growth in the trucking industry through 2022.
Trucking is currently the leading mode of transportation in the US, and this study predicts the increase dependence on trucks in the future. Total tonnage for freight shipped by truck in the US is expected to grow steadily each year through 2022. The overall total growth is predicted at 24%. The report also predicted trucking’s share of freight transportation to increase by 4% over this time frame.
"At a time when our nation's leaders are debating what our future transportation system should look like, the Forecast is a tremendous resource. The Forecast can also help America's business leaders as they plan what their future logistics plans and businesses will look like” stated Bob Costello, Chief Economist for the American Trucking Associations.
Total freight shipped by rail is expected to decline over this time frame while freight shipped by water is expected to see modest growth.
The full report is available for purchase online at www.atabusinesssolutions.com.
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