ATA projects continued growth of truck freight

The American Trucking Association (ATA) has released new projections showing truck tonnage will grow to 14.2 billion tons by the year 2034.

Among the other predictions in ATA Freight Transportation Forecast 2023-2034:

• Rail intermodal revenue will grow from $21.7 billion in 2023 to $35.2 billion in 2034;
• As coal and bulk petroleum shipments wane over time, rail carload tonnage will fall from 11% of total freight to 10.1% by 2034;
• Air cargo tonnage will grow from 17.6 million tons this year to 23.7 million tons in 2034;
• Trucking’s revenue will grow from $1.01 trillion in 2023 to $1.51 trillion in 2034, which will account for 78.8% of the freight market; and
• Pipelines will see their share of freight tonnage grow from 9.8% in 2023 to 10.4% in 2034.