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U.S. trucking volumes continue to grow

ATA truckingARLINGTON, VA: July 19, 2017. The American Trucking Associations' latest forecast says U.S. freight volumes will grow 2.8 percent in 2017 and then average a 3.4 percent rise per annum until 2023.

The ATA expects 15.18 billion tons of freight will be moved by all modes in 2017 - truck, rail, pipeline, air and water - rising 36.6 percent to 20.73 billion tons by 2028.

"As the U.S. population grows and the economy increases with it, we will see continued gains in demand for freight transportation," said ATA chief economist Bob Costello.

The report expects capacity shortfalls will develop over the next decade and Costello said the ATA is beginning to see some tightness in freight handling capacity: "Enough to suggest that capacity expansion will be required if the modes are going to be able to handle anticipated growth," he explained.

"While overall truck volumes will continue to rise, and trucking will remain the dominant freight mode – its share of freight tonnage will dip to 67.2 percent by 2028, with pipelines picking up most of the additional market share, and, to a lesser extent, rail intermodal," he added.

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