Executive Briefings

Total Truck Volumes Will Grow Despite Pipelines Gaining Market Share, Trucking Group Says

Growth in both overall freight volumes and in the amount of goods moved by truck is expected to continue far into the future, according to the American Trucking Associations. Between 2016 and 2027, overall freight tonnage will grow a total of 35 percent, according to the group. Over that same timeframe, the amount of freight moved by trucks will grow slightly less at 27 percent.

Total Truck Volumes Will Grow Despite Pipelines Gaining Market Share, Trucking Group Says

Overall, other modes of transportation - truck, rail and water - will lose market share to pipeline, which will grow from 10.5 percent to 17.4 percent between 2016 and 2027 primarily as a result of growth in the U.S. energy sector, ATA said.

Specific to trucking, truckload volumes will grow 2 percent annually between 2016 and 2022 and 1.6 percent per year after that until 2027.

Less-than-truckload volume will grow year after year 3 percent through 2022 and 2.8 percent from 2023 to 2027.

Private carrier volumes will grow 2.3 percent annually until 2022 and 2.1 percent each year over the next five years.

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Overall, other modes of transportation - truck, rail and water - will lose market share to pipeline, which will grow from 10.5 percent to 17.4 percent between 2016 and 2027 primarily as a result of growth in the U.S. energy sector, ATA said.

Specific to trucking, truckload volumes will grow 2 percent annually between 2016 and 2022 and 1.6 percent per year after that until 2027.

Less-than-truckload volume will grow year after year 3 percent through 2022 and 2.8 percent from 2023 to 2027.

Private carrier volumes will grow 2.3 percent annually until 2022 and 2.1 percent each year over the next five years.

Read Full Article

Total Truck Volumes Will Grow Despite Pipelines Gaining Market Share, Trucking Group Says