You can see that growth is mostly slower in first half of the year, but in third and especially in last quarter it’s rapidly increasing. It’s the case in most of the seasons.
Expect rising in coming years.
Last year, ATA Senior Vice President and Chief Economist Bob Costello said:
“We continue to see growth for the entire freight economy – but we also see that trucking will maintain its position as the nation’s dominant mode of freight transportation”
GE Capital’s survey from june 2015, is showing that more than a half of trucking business leaders were expecting industry expand.
According to ATA “U.S. Freight Transportation Forecast to 2025”, the overall freight tonnage will grow more than 23 percent from 2013 to 2025.
More ATA’s predictions include:
- Trucking’s share of freight tonnage will grow from 69.1% in 2013 to 71.4% in 2025;
- Truckload volume will grow 3.5% a year through 2019, then 1.2% annually from 2020 to 2025. Truckload carriers will make greater use of intermodal rail for intermediate and long-distance hauls.
- Rail intermodal tonnage will grow 5.5% annually through 2019 and 5.1% a year through 2025.
- Railroad market share will, however, shrink from 14.5% of all tonnage in 2013 to 13.8% in 2025.
- Regional breakdowns of where freight moves in the United States.
Regulations
In USA, every state has a website about commercial transportation, with updated information about licences, taxes, safety and other requirements. So visiting your state’s transportation website is a must-do activity.
