American Trucking Industry Predicts Major Industry Growth
The U.S. Freight Transportation Forecast that was compiled by the American Trucking Association (ATA) predicted major growth in the trucking industry by 2022. In 2010, the trucking sector accounted for 81 percent of the total revenue and 67 percent of tonnage for transportation companies.
The forecast suggested that overall revenue for the industry will rise nearly 66 percent and tonnage will increase 24 percent by 2022. This forecast can be used as a guideline for supply chains to develop logistics strategies for the future. In fact, transportation logistics can help companies improve their revenue and find methods to improve shipping capabilities and efficiencies.
Intermodal transport is expected to grow at a rate of 6.6 percent per year until 2016 and then 5.5 percent per year until 2022. The Intermodal Association of North America reported that the industry saw a 9 percent volume increase in the first quarter of 2011, according to Supply Chain Brain.
The ATA also forecasted that rail transportation will see a decline in tonnage and revenue. By 2022, it may only account for 14.6 percent of the transportation industry, whereas in 2010, this means of transport accounted for 15.3 percent.
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