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U.S. freight volume is projected to grow significantly during the next decade, with trucks continuing to transport a lion’s share of the cargo, according to American Trucking Associations’ (ATA) recently released “U.S. Freight Transportation Forecast to 2022” report.
 
Authored by the ATA, IHS Global Insight and Martin Labbe Associates, the report shows total freight tonnage will increase 24 percent and freight transportation industry revenue will jump 66 percent by 2022. Trucking’s share of freight will rise to 70 percent, although the truck industry’s share of freight revenue will only increase to 81.4 percent from 81.2 percent, the report states.
 
Rail’s overall share of tonnage is projected to fall to 14.6 percent in 2022 from 15.3 percent in the baseline year of 2010. However, intermodal tonnage will rise 6.6 percent per year between 2011 and 2016, and 5.5 percent annually through 2022, the report states. In addition, intermodal transportation revenue is forecasted to jump from $11.1 billion in 2010 to $30.7 billion in 2022.
 
Domestic waterborne transportation will show "very modest growth," increasing 2 percent per year until 2016, then 0.2 percent annually through 2022, the report states.