Please disable your Ad Blocker in your browser's extentions.

ATA forecast: Trucking freight, revenue poised for big growth in coming decade

CCJ’s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.


truckonhighway2Though the trucking industry will likely see declines in freight and revenue in 2016, this year’s only an outlier when looking at the industry’s long-term trend, says the American Trucking Associations in a new report.

Trucking will see increases in tonnage, overall freight and revenue in the coming decade, according to ATA’s recently released U.S. Freight Transportation Forecast to 2027.

Specifically, ATA projects overall freight volume to climb 2 percent a year from 2017 to 2022, and then 1.6 percent a year from 2024 to 2027. Sustained growth in manufacturing, consumer spending and international trade will drive trucking’s growth, says ATA Chief Economist Bob Costello.

Driver wages overtake fuel as carriers' most costly expense in 2015

Driver wages overtake fuel as carriers’ most costly expense in 2015

Per-mile operational costs for motor carriers in 2015 dropped by more than a dime, according to data released Sept. 27 by the American Transportation Research ...

In sum, freight tonnage will grow 35 percent by 2027, ATA predicts. Trucking’s stronghold on freight movement will also remain, the report forecasts, despite a projected drop from 70.1 percent share of total U.S. tonnage to 66.4 percent in 2027.

Trucking revenues by 2027 will grow by 77.2 percent, ATA projects, from $906 billion in 2016 to $1.605 trillion in 2027.

To see ATA’s full report, visit atabusinessolultions.com.

Vehicle automation to dramatically change trucking landscape in the coming decades, forecaster says

Vehicle automation to dramatically change trucking landscape in the coming decades, forecaster says

“The last major change we had was deregulation,” he said. “And it had only a fraction of the power of this one. It eliminated almost ...

There is one comment

Your email address will not be published. Required fields are marked *

James Jaillet is the News Editor for CCJ and Overdrive. Reach him at jjaillet@randallreilly.com.