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.

Trucking Industry to Maintain Dominance Hit 14M Tons by 2035

Trucking Industry to Maintain Dominance Hit 14M Tons by 2035

The American Trucking Associations (ATA) forecasts that trucking will remain dominant despite recent freight volume declines. Freight volumes are projected to grow by 1.6% in 2025 and reach a peak of 14 million tons by 2035, capturing 76.8% of the freight market share. Revenue is expected to increase to $1.46 trillion. The report emphasizes the critical role of trucking in the supply chain and provides valuable insights for industry leaders and policymakers.

ATA Forecasts Steady Trucking Industry Growth Through 2035

ATA Forecasts Steady Trucking Industry Growth Through 2035

The American Trucking Associations forecasts that truck freight volume will reach 13.99 billion tons by 2035, accounting for 76.8% of the freight market share, with revenue projected to increase to $1.46 trillion. Trucking remains the dominant force, while other modes of transportation are also actively developing. This forecast provides a valuable reference for industry leaders and policymakers, highlighting the continued importance of trucking in the overall freight landscape and informing strategic decisions.

New Cowenafs Index Predicts Freight Industry Trends

New Cowenafs Index Predicts Freight Industry Trends

Cowen Inc. and AFS Logistics LLC have partnered to launch the Cowen/AFS Freight Index, designed to provide investors with a forward-looking tool for freight pricing forecasts, covering LTL, TL, and parcel shipping. The index leverages big data and artificial intelligence to deliver precise analysis of segmented markets and predict future trends, helping investors and businesses make more informed decisions. It offers insights into the dynamic freight market, enabling proactive strategies and optimized resource allocation based on data-driven projections.

US Shippers Index Signals Freight Market Stability

US Shippers Index Signals Freight Market Stability

The Shipper Conditions Index (SCI), published by FTR, a US freight transportation consulting firm, is a key indicator for assessing the freight market environment. Although the January 2024 SCI decreased compared to the previous month, it remained positive, indicating market stability. The SCI is influenced by factors such as capacity, demand, and freight rates, helping shippers develop strategies and negotiate rates. Combining it with other indices provides a more comprehensive understanding of market dynamics.

Freight Market Recession Worsens Cass Index Shows

Freight Market Recession Worsens Cass Index Shows

The latest Cass Freight Index report reveals a decline in both freight volume and expenditures in October, signaling a market downturn. Factors such as weakening demand, excess capacity, the rise of private fleets, and supply chain reshaping are creating challenges for logistics companies. To survive and thrive in this environment, businesses should focus on refined operations, diversified services, technological innovation, strategic partnerships, and risk management. These strategies will help them weather the storm and prepare for the eventual resurgence of the logistics industry.

Cass Freight Index Warns of Economic Slowdown

Cass Freight Index Warns of Economic Slowdown

The Cass Freight Index indicates a potential economic downturn, with both freight volume and expenditures declining in October. Freight volume decreased by 9.5% year-over-year, while expenditures fell by 23.3%. Experts attribute this to high inflation, supply chain easing, and shifting consumer spending habits. To navigate these challenges, businesses should optimize their supply chains, enhance data analytics, and flexibly adjust pricing strategies. These measures can help companies adapt to the evolving market conditions and mitigate the impact of the economic slowdown.

New Cowenafs Index Predicts Future Freight Rates

New Cowenafs Index Predicts Future Freight Rates

The Cowen/AFS Freight Index leverages data and machine learning to forecast less-than-truckload (LTL), truckload (TL), and parcel rates, providing valuable insights for market decision-making. It offers a data-driven approach to understanding and predicting freight pricing trends, enabling businesses to optimize their logistics strategies and improve cost efficiency. The index serves as a crucial benchmark for industry professionals seeking to navigate the complexities of the freight market and make informed decisions regarding transportation costs.

Cass Freight Index Drop Signals Economic Slowdown

Cass Freight Index Drop Signals Economic Slowdown

The Cass Freight Index indicates a year-over-year decline in both freight volumes and expenditures for December, reflecting weak market demand and excess capacity. Companies should address these challenges through supply chain optimization, lean inventory management, and digital transformation. Despite the current market headwinds, factors such as economic recovery and infrastructure development hold the potential to drive a turnaround in the freight market.