U.S. Freight Transportation Forecast to 2024

This report profiles the current state of the entire freight transportation industry and provides an outlook for all modes during the next decade. It also includes historical data back to 1990. It shows that the trucking industry continues to dominate the freight transportation industry in terms of both tonnage and revenue. It also projects that trucking's share of tonnage will rise by 2.3% from 2012 to 2024. In addition, it calculates the following, over that same period: that overall freight revenue will grow by 63.6% to $1.3 trillion annually in 2024 and trucking will see its share of those revenue rise to 81% from 80.7% in 2012; that truckload volumes will grow 3.2% through 2018 and 1.1% annually between 2019 and 2024; that less-than-truckload volume should grow 3.5% annually through 2018 and by 2.4% until 2024; that anemic growth for rail carloads of just 1.5% through 2018 and 0.4% from 2019 through 2024 will contribute to a decline in market share to 14.2% from 14.8% in 2011; and that intermodal rail will continue to be the fastest growing freight mode, growing an average of 5.1% a year until 2018 then slowing moderately to 4.8% annual through 2024. It is also forecast that other modes of transportation, including air freight, waterborne transportation and pipelines will see moderate volume and revenue growth.

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• Corporate Authors:

  American Trucking Associations

  950 North Glebe Road, Suite 210
  Arlington, VA  United States  22203-4181
• Publication Date: 2013

Language

• English

Media Info

• Media Type: Digital/other
• Features: Appendices; Figures; Photos; Tables;
• Pagination: 71p

Subject/Index Terms

• TRT Terms: Air cargo; Carloadings; Diesel trucks; Forecasting; Freight transportation; Intermodal transportation; Pipelines; Railroad transportation; Revenues; Tonnage; Trucking; Water transportation
• Geographic Terms: United States
• Subject Areas: Economics; Freight Transportation; Highways; Marine Transportation; Motor Carriers; Pipelines; Railroads; I10: Economics and Administration;

Filing Info

• Accession Number: 01491692
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 3 2013 12:28PM