American Trucking Associations (ATA) has released the latest edition of its look ahead at the future of freight. ATA US Freight Transportation Forecast to 2025 shows continued growth for not just the trucking industry, but also for the freight economy overall.
According to the forecast, which is a collaboration between ATA and IHS Global Insight, overall freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will surge 72%.
“We continue to see growth for the entire freight economy, but we also see that trucking will maintain its position as the nation’s dominant mode of freight transportation,” said Bob Costello, ATA senior vice-president and chief economist.
The findings in this edition include:
•Trucking’s share of freight tonnage will grow from 69.1% in 2013 to 71.4% in 2025.
•Truckload volume will grow 3.5% a year through 2019, then 1.2% annually from 2020 to 2025. However, truckload carriers will make greater use of intermodal rail for intermediate- and long-distance hauls.
•Rail intermodal tonnage will grow 5.5% annually through 2019 and 5.1% a year through 2025.
•Railroad market share will shrink, however, from 14.5% of all tonnage in 2013 to 13.8% in 2025.
•Regional breakdowns of where freight moves in the United States.
This forecast can be purchased as a bound volume or downloadable PDF at www.atabusinesssolutions.com or by calling 1-866-821-3468. Purchasers of the forecast are invited to participate in a complimentary webinar with Costello later in 2014.
Access www.trucking.org for further information.