ATA forecasts 29% freight growth by 2026
A new report released by American Trucking Assns. projects freight volumes will increase by nearly 29% over the next 11 years.
“The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello in releasing U.S. Freight Transportation Forecast to 2026. “Continued population growth, expansion of the energy sector and foreign trade will boost trucking, intermodal rail and pipeline shipments in particular.”
Forecast, a collaboration between ATA and IHS Global Insight, projects a 28.6% increase in freight tonnage and an increase in freight revenues of 74.5% to $1.52 trillion in 2026.
“Forecast is a valuable resource for executives and decision makers in both the private and public sector,” ATA president and CEO Bill Graves said. “Knowing where the industry and economy is headed can help shippers and fleets make key business decisions and instruct lawmakers and regulators on the best policies to move our economy forward.”
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