Overdrive Online recently reported that in the next ten years the trucking industry’s revenue will increase as the amount of freight moved also increases. This information was gathered in a U.S. Freight Transportation Forecast conducted by the American Trucking Association (ATA). The ATA is a national advocacy group that aims to keep the trucking industry profitable, innovative, and environmentally sustainable.
From 2015 to 2025, the forecast predicts that freight tonnage will increase nationally by nearly a quarter at 23.5%, which will easily increase the demand for drivers, freight carriers, and other service providers necessary to the success of the trucking industry. Additionally, as the amount of goods hauled increases, the profitability of freight trucking is projected to increase by nearly 72%.
Amid a stream of technological innovations and the trucking industry’s continued growth, TBS Factoring Service is dedicated to helping drivers and trucking companies find solutions to their cash flow concerns. If you are interested in learning more about what our factoring service can do for you, give us a call at (800)207-7661 today.