Trucking Industry Poised for Remarkable Growth: A Look at the ATA's Freight Forecast to 2035
The trucking industry is on the brink of a transformative decade, as highlighted by the latest findings in the American Trucking Associations’ (ATA) “Freight Transportation Forecast 2024 to 2035” report, published in collaboration with S&P Global Market Intelligence. Despite challenges over the past few years, trucking remains the cornerstone of freight transportation in the United States, poised for significant growth in both tonnage and revenue by 2035. Key Highlights from the ATA Forecast Unmatched Dominance in Freight Movement By 2035, trucking is projected to move an astounding 13.99 billion tons of freight, up from 11.27 billion tons in 2024. This represents an impressive 76.8% share of the freight market, reaffirming the industry’s essential role in the nation’s supply chain. Revenue Growth on the Horizon The forecast indicates that trucking revenues are set to climb from $906 billion in 2024 to $1.46 trillion by 2...