Shipping and Logistics
September 5, 2018
Freight Volumes to Expand Significantly by 2029
Written by Sandy Williams
The American Trucking Association forecasts that total freight volumes will increase by 4.2 percent to nearly 16 billion tons in 2018. Over the next decade, freight volumes will jump by 35.6 percent to 21.7 billion tons.
The newly released ATA Freight Forecast 2018 to 2029 also anticipates that truck volumes will grow 2.3 percent per year from 2019-2014 and 2.2 percent annually for the following five years. Trucks are expected to move 70.2 percent of total tonnage in 2018, but increased transport of commodities by pipeline will cause truck tonnage to decrease to 65.9 percent by 2029.
