ARLINGTON, Va. — The American Trucking Associations (ATA) predicts continued growth for freight transportation overall and for the trucking industry in particular through 2028.
"As the U.S. population grows and the economy increases with it, we will see continued gains in demand for freight transportation," said ATA Chief Economist Bob Costello.
In its new report, "ATA Freight Transportation Forecast 2017," the ATA projects freight volumes to grow 2.8 percent in 2017, followed by 3.4-percent annual growth through 2023. After that, the ATA projects a more modest growth rate of 2.3 percent annually.
In 2017, the ATA predicted that 15.2 billion metric tons of freight will be moved by all modes — increasing 36.6 percent to 20.7 billion tons in 2028.
"Over the forecast period, capacity shortfalls will develop," the report said. "We are starting to see some selected tightness in freight handling capacity, enough to suggest that capacity expansion will be required if the modes are going to be able to handle anticipated growth."