ARLINGTON, Va. — The long-term outlook remains bright for all modes of freight transportation, according to the American Trucking Associations’ (ATA) US Freight Transportation Forecast to 2020.
The study, conducted by IHS Global Insight, projects that US truck tonnage will grow by more than 26% and total freight transportation revenue will increase by 68% by 2020.
The forecast also suggests that trucking’s share of total tonnage will rise from 68.8% in 2008 to 70.9% in 2020.
“Like many other industries, trucking is experiencing a very difficult time during the current economic recession,” said ATA president and CEO Bill Graves. “Yet, all signs point to a strong, vital, long-term future for our industry. Trucking exclusively serves 80% of all communities in the US for the products and goods they receive. When the recovery begins, trucks will help lead the way.”
The report, available for purchase at www.atabusinesssolutions.com or by calling 866-821-3468 explores projected freight volume and revenue growth for all modes to 2020. It also covers industrial output, consumer spending, business investment, trade, employment, housing, vehicle sales and other key drivers of freight, according to ATA.
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