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08 April 2016 Published in News Written by 

FREIGHT VOLUMES WILL INCREASE BY 29% OVER THE NEXT 10 YEARS

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A new report released projects freight volumes will increase by nearly 29 percent over the next 11 years. “The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello in releasing its U.S. Freight Transportation Forecast to 2026. “Continued population growth, expansion

of the energy sector and foreign trade will boost trucking, intermodal rail and pipeline shipments in particular.” Forecast, a collaboration between ATA and IHS Global Insight, projects a 28.6 percent increase in freight tonnage and an increase in freight revenues of 74.5 percent to $1.52 trillion in 2026. “Forecast is a valuable resource for executives and decision makers in both the private and public sector,” said ATA President and CEO Bill Graves. “Knowing where the industry and economy is headed can help shippers and fleets make key business decisions and instruct lawmakers and regulators on the best policies to move our economy forward.”

Among Forecast’s findings:

Trucking will still be the dominant mode of freight transportation, although the share of tonnage it hauls dips slightly. Even though truck tonnage grows over the forecast period, trucking’s share will dip to 64.6 percent in 2026. While railroads’ share of freight tonnage will drift down from 14.2 percent in 2015 to 12.3 percent in 2026, intermodal freight will be the second-fastest growing mode at 4.5 percent annually through 2021 and increase 5.3 percent per year thereafter.

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