ATA U.S. Freight Transportation Forecast
posted in Alerts by Brian Gray
The ATA has released its U.S. Freight Transportation Forecast to 2023 and the forecast is positive! Freight tonnage is expected to increase 21% by 2023, with revenue up 59%. Of those numbers trucking will have 69.6% of the tonnage and 81.7% of the freight revenue. Rail carriers’ overall share of tonnage will fall to 15% in 2023 from the 15.7% in the baseline year of 2011 but intermodal tonnage will rise. Domestic waterborne transit is also expected to see some modest growth.