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ATA Predicts Freight Economy Growth of 24% by 2022

Posted by Genie Wood on Fri, May 20, 2011 @ 05:24 AM

 



The American Trucking Association predicts the freight economy will grow significantly in the coming years.





Accoridng to the ATA’s U.S. Freight Transportation Forecast, freight economy, particularly trucking, is predicted to grow by 24 percent by 2022. The forecast is a product of a collaboration between ATA, Martin Labbe Associates and HIS Global Insight.





“The trucking industry continues to dominate the freight transportation industry in terms of both tonnage and revenue, comprising 67 percent of tonnage and 81 percent of revenue in 2010,” ATA Chief Economist Bob Costello said. “At this time when our nation’s leaders are debating what our future transportation system should look like, the Forecast is a tremendous resource.”





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