New ATA Report Shows Trucking and Intermodal Growth through 2024
Because of our unique perspective on intermodal transportation and cargo delivery, Calhoun Truck Lines is able to offer news and more at this blog, featuring our thoughts on overall trucking outlook, transportation issues, cost of diesel, driver hires and more. So we’re glad to read that our industry association, the American Trucking Associations (ATA) has just released its U.S. Freight Transportation to 2024 Report report that focuses on growth aspects of trucking for the next decade.
The report highlights the continuing importance of trucking and intermodal transportation in the United States. Among the highlights from the report include:
- Larger share of tonnage – Trucking’s share of tonnage will continue to rise over the next decade, moving to an expected 70.8% by 2024 from 68.5% in 2012.
- Higher Year-on-Year freight revenues – By 2024, overall freight revenue will grow nearly 64% to $1.3 trillion each year for the next 10 years.
- More growth for truckloads – Volumes will grow 3.2% through 2018, and in smaller percentages for the following years.
- Rail freight to Grow – The fastest growing freight mode will be intermodal rail. It’s expected to grow about 5% a year to 2018, then a bit less through to 2024.
At Calhoun Truck Lines, we are excited to hear more about growth issues in our industry. We consider it an important area of our nation’s economy. Calhoun Truck Lines’ operational facilities at our five Midwest trucking facilities are fully equipped to handle intermodal trucking needs. Contact us for more info on our business at https://calhountrucklines.com.