Wood News

Estimate says truckload volume to grow 3.5% a year through 2019

PORTLAND, OR , Aug. 20, 2014 (RISI) - 

According to Forecast, a collaboration between American Trucking Associations (ATA) and IHS Global Insight, overall freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will surge 72%. 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; however, 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.

Wood News Service subscribers - click here to read the full article.

Not a subscriber?