Trucking Industry to Lead Freight Market Until 2035 Amid Tech Boom

Trucking Industry to Lead Freight Market Until 2035 Amid Tech Boom

The American Trucking Associations' (ATA) 'Freight Transportation Forecast 2024-2035' predicts that trucking will continue to dominate the freight market, projecting nearly 14 billion tons of freight and $1.46 trillion in revenue by 2035. The report highlights key trends including technological innovation, sustainability, talent shortages, and digital transformation. It also emphasizes the crucial role of trucking within the supply chain and its continued significance in the American economy.

ATA Forecasts Trucking Industry to Haul 14B Tons by 2035

ATA Forecasts Trucking Industry to Haul 14B Tons by 2035

The American Trucking Associations forecasts significant growth for the trucking industry over the next decade. Freight volume is projected to approach 14 billion tons by 2035, maintaining its dominance in the freight market. The report analyzes trends in freight volume and revenue growth, alongside the development of other transportation modes. It emphasizes the importance of technological innovation and policy attention for the future development of the trucking industry.

TD Cowen Index Tracks Volatility in Trucking Parcel and LTL Markets

TD Cowen Index Tracks Volatility in Trucking Parcel and LTL Markets

The TD Cowen-AFS Freight Index indicates a weak but optimistic trucking market. The express sector is significantly impacted by pricing strategies. LTL (Less-Than-Truckload) pricing remains stable, but pricing discipline may be loosening. Despite soft demand, there are positive indicators emerging. The index serves as a valuable decision-making resource for participants in the freight market, providing insights into current conditions and potential future trends across various transportation modes.

Parcel LTL and Truckload Markets Show Divergent Trends TD Cowen Index

Parcel LTL and Truckload Markets Show Divergent Trends TD Cowen Index

The TD Cowen/AFS Freight Index reveals a divided US freight market. Parcel rates are up due to fuel surcharges and dimensional weight increases. Less-than-truckload (LTL) benefits from Yellow's bankruptcy, maintaining strong pricing. Truckload (TL) rates are slightly down due to increased short-haul shipments. Companies should optimize transportation networks, strengthen carrier partnerships, and improve load factors to navigate these trends and manage logistics costs effectively.

US Port Freight Trends Highlighted in Descartes Report

US Port Freight Trends Highlighted in Descartes Report

The Descartes Datamyne report analyzes cargo volume at the top 20 U.S. ports, revealing trends in maritime digitalization to aid logistics decision-making. The data provided is reliable and transparent, enabling optimized transportation and demand forecasting. This analysis helps businesses understand current market dynamics and make informed choices regarding their supply chain strategies, leveraging data-driven insights for improved efficiency and resilience in the face of evolving global trade patterns.

Yellow Corp Bankruptcy Shakes LTL Trucking Industry

Yellow Corp Bankruptcy Shakes LTL Trucking Industry

The bankruptcy of Yellow Corporation has significantly impacted the US Less-than-Truckload (LTL) transportation market, leading to a redistribution of market share and fluctuating freight rates. Industry participants are actively responding, with carriers expanding capacity and shippers diversifying risk. The future market is expected to exhibit trends towards consolidation, technological advancement, differentiation, and sustainability. This event underscores the importance of adaptability and innovation in the face of industry disruption.

Land Transport Optimization Boosts Supply Chain Resilience

Land Transport Optimization Boosts Supply Chain Resilience

Road transportation, a crucial component of the supply chain, connects various links through full truckload (FTL) and less-than-truckload (LTL) shipping. Optimizing road transportation requires selecting suitable partners, optimizing routes, implementing tracking, adopting automation technologies, and strengthening collaboration. Digital technologies such as IoT, Big Data, AI, and Blockchain are driving road transportation towards intelligent, green, and sustainable development. These advancements improve efficiency, reduce costs, and enhance overall supply chain resilience.

Global Ro-Ro Shipping Sets Strict Vehicle Size and Weight Limits

Global Ro-Ro Shipping Sets Strict Vehicle Size and Weight Limits

This article provides a detailed overview of the requirements and cost structure for international freight vehicle transportation, emphasizing the understanding of vehicle size and loading limits, as well as ensuring that transport vehicles are in good condition. For clients, knowing this information will improve transportation efficiency and reduce unnecessary losses and costs. It is recommended to confirm vehicle specifications and related requirements with agents before transportation to ensure a smooth pickup.

Guide to Costeffective Secure Vehicle Shipping

Guide to Costeffective Secure Vehicle Shipping

This article provides a detailed guide on vehicle transportation, covering key considerations and tips for selecting a suitable logistics company. It explains cost components, transportation procedures, and risk prevention strategies. The aim is to help readers avoid common pitfalls in vehicle shipping, choose the right logistics provider, and ensure the safe delivery of their vehicles. It offers practical advice to navigate the complexities of vehicle transportation and make informed decisions.