Latest US freight transportation forecast shows continued growth for trucking

The American Trucking Associations released the latest edition of its look into the future of freight transportation, U.S. Freight Transportation Forecast to 2027, showing growth in both overall freight volumes and in the amount of goods moved by truck. “As we continue to see growth in the overall economy, particularly due to manufacturing, consumer spending and international trade, we will also see increases in the amount of freight moved in America’s trucks,” said ATA Chief Economist Bob Costello. According to Forecast, between 2016 and 2027, overall freight tonnage will grow a total of 35%. Over that same timeframe, the amount of freight moved by trucks will grow slightly less at 27%. Overall, other modes of transportation – truck, rail and water – will lose market share to pipeline, which will grow from 10.5% to 17.4% between 2016 and 2027 primarily as a result of growth in the U.S. energy sector.

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