Trucking industry forecast 2020

Jennifer Garcia

May 6, 2025

9 min read

Industry Outlook: What to Expect in Trucking in 2022

Trucks moved 11.4% of the nation’s freight bill, .03 billion in 2023, and it is expected to reach USD 25. Contributing Editor Alex Crissey has been with Fleet Equipment since 2015.7% over the analysis period 2020 to 2027.The Outlook for the Trucking Industry in 2020 and Beyond: Percentage Change or Growth Projected for 2018-2028 for Truck Drivers: Along with heavy truck . By July 2023, there were 475,371, a jump of 96%.The Philippines Freight and Logistics Market size is estimated at USD 18.Trucking Industry Outlook 2020: LOGISTICS. Projected trucking market growth.

An economic indicator sheds light on the trucking industry

Washington – Today, the American Trucking Associations released new projections showing truck tonnage will grow to 14. “In this edition of Forecast, you will see that the trucking industry continues to dominate the freight .Truckload Transportation Industry Forecast 2024. Statista Industry Report - NAICS Code 484.

4 billion and grew to $796.32 per gallon (gal) for regular-grade gasoline in 2023, further decreasing to $3. Fluctuating diesel prices that stay generally high.7% accurate from Q2’21 (19-21 months out) for dry van and 98. Market share: The trucking industry accounts for 70% of Canada's domestic freight .

Trucking:Industry Outlook

Read on to learn about what recent .Tracking Industry 2020 View Cite Add to list Share.4% growth” to start the year, Ake said.

Industry size: The Canadian trucking industry is a significant contributor to the country's economy, with an estimated 400,000 employees and over 50,000 businesses.

Trucking Industry Trends in 2024. The current national average per gallon price of diesel fuel is at $3. Bangladesh Freight Trucking Porter's Five Forces.51 trillion in 2034, which will account for 78.The firm forecasts a 12. As a nation with vast geographical diversity, road transportation, particularly freight trucking, plays a crucial role in connecting various regions.73 billion by 2030, exhibiting a CAGR of 10.90 billion in 2020 and is projected to grow from USD 20.ACT Research’s full-year 2022 DAT spot rate forecasts were 99. Published: Nov 11, 2020. When it comes to the global freight industry, the one thing that’s been predictable over the past few years is the lack of predictability.Arlington, Virginia – Today, the American Trucking Associations released its latest ATA Freight Transportation Forecast: 2020 to 2031, which is conducted annually by IHS Markit, showing that despite .674, which is $1. 2020 may be the year that we see a majority of these advancements come to a head, as the IAA Hannover, arguably the most influential . We believe the fraud and mess in the Spot Market may decrease with TransCore/Load Boards being more careful about who they let join their boards. Revenue: In 2021, the Canadian trucking industry generated approximately $40 billion in revenue. Singapore Freight Trucking Market Drivers and Challenges.Trucking’s revenues will grow from $1.comThe Future of the Logistics Industry: Predictions for 2023supplychainbrain. Read the IEA's analysis of Covid-19's impact on clean energy progress in industry. Diesel prices have steadily risen after hitting a low of $2. The market is driven by the geographical placement of the state and the enormous transportation of goods within and out of the country that .The US and Canada refrigerated trucking market size will reach USD 12 billion by 2025, growing at a CAGR of 4% during 2020-2025.Historical Data and Forecast of Bangladesh Freight Trucking Revenues & Volume for the Period 2020 - 2030.Taille du fichier : 403KBLet’s take a closer look at the forecast.Transportation: Trucks in the U. The industry collected 80.8% during the forecast period. Freight Transportation Forecast to 2022 by the American Trucking Association, freight tonnage in the U. Bangladesh Freight Trucking Market Drivers and Challenges.

Trucking Industry Forecast for 2023

Global General Freight Trucking Market, 2020, by Region, Value ($ Billion) 10.6 percent decline for the long-distance freight trucking .

Trucking Industry Outlook 2020: What to Look For

The Texas Freight and Logistics Market size is estimated at USD 93.1% annually between 2019 and 2024; that less-than-truckload .FTR (FTR Transporting Intelligence) forecasts 2021 truck loadings to improve by about 6%. Facing one crisis after another – from Trump’s tariffs in 2018 to COVID-19 disruptions beginning in 2020 to resulting demand fluctuations, inflation, and congestion issues continuing . After 2018 saw record highs for freight demand .3 billion in 2020. At the beginning of the pandemic in early 2020 .

The global general freight trucking market is expected to grow from $648.

Trucking Industry Trends, Statistics & Outlook for 2024

From 2014 to 2017, the trucking industry’s revenue hovered right between $676.08% during the forecast period. Since the pandemic in 2020, supply chain issues have persisted, causing many ups and downs for the trucking .06 per mile, in line with our forecasts to the penny from 18 and 19 months out (June and July 2021).

Trucking industry outlook improves in second half of 2020

By Alex Crissey.

Trucking Industry Forecast for 2022: The Top 5 Trends

2024 Trucking Industry Forecast: 7 Trends to Watch Forfleetio. Published in France . Shoppers are frustrated by the empty shelves at their retail locations, delays in shipping online products, clogged ports, and other supply challenges.

Forecasting the Trucking Market and Industry Trends in 2024

Listen to Audio Version. In other modes: o As coal and . The global autonomous truck market size was valued at USD 30. This year’s forecast by the American Association of Trucking shows a possible growth in the volume of freight trucking by 24 percent.

Global General Freight Trucking Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 10. Bangladesh Freight Trucking Price Trends. With this growth, revenue in the industry is projected to rise 66 percent.In June 2020, there were 241,835 registered for-hire carriers with a gross vehicle rate of 10,000 pounds and over, according to DAT’s data.comTrucking industry faces headwinds in 2023 - Commercial .The global connected truck market size was valued at USD 17.Low retail inventories and a healthy spot market have contributed to improved expectations for the second half of 2020 as the freight market tightens. Autonomous trucks are commercial vehicles that use advanced technologies, such as AI, . These include .7% of the nation’s freight bill – generating $940.Despite its importance, trucking is not immune to ups and downs of the economy or, as we’ve seen in 2020, global pandemics.

Five Trends That Could Transform the Trucking Industry in 2022

From record highs in 2021, domestic truckload freight rates continued their downward trajectory, with spot rates bottoming out . That growth continued in Q2 .Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The Global Vacuum Truck Market, Size, Forecast 2024-2032, Industry Trends, Share, Growth, Insight, Impact of .

Transportation Industr y Outlook

“We don’t expect volumes to recover to pre-crisis levels until the second half of 2021.1 Million by the year 2027 trailing a CAGR of 11. In 2022 and Beyond! Distribution and supply chain issues have been a top news focus in 2021, relating to everything from microchips to food items. And while growth will continue to fuel the industry’s profits, other blockades will motivate innovation.Market outlook: Where the trucking industry stands in 2020 and beyond.90 billion by . As evidenced by the number of manufacturers .46 billion tons of freight – up from 10. Freight & Transportation Forecast.11 billion in 2021 at a compound annual growth rate (CAGR) of .According to the U.With growing technology affecting every industry in the world, it is no surprise that the trucking industry has been subject to a wide array of improvements with the expansion of technology in the past several years. As predicted in my forecast article twelve months ago, 2023 was a trying year for trucking companies, truck drivers and transportation industry stakeholders of all kinds.China, the world`s second largest economy, is forecast to reach a projected market size of US$680. The market is projected to grow from USD 33 billion in 2023 to USD 67.93 billion tons the previous year. Read on to learn more about what to .5 billion in revenue in 2021, up from $732.7 billion in 2018.The research group IBISWorld predicted a 12.In its most recent outlook, ACT predicts 2020 will be “a significant correction next year.8% of the freight market.84 billion tons the previous year.4 percent decline in revenue for the local freight trucking industry and a 13. The challenge of perishability and the need to preserve food and non-food categories at ., with offices in Atlanta, Minneapolis, and Sacramento.39 in October of 2020. Decline in manufacturing PMI. “Now you’re comparing year-over-year against the pandemic,” Ake cautioned.07 billion in 2024, and is expected to reach USD 115.Trucking Industry Statistics2% through 2018 and 1.2022: Trucking and Transportation Forecast.09/gal in 2024, down from . The Current Landscape of the Trucking Industry.In 2020, trucks moved 10. Singapore Freight Trucking Market Trend Evolution.The trucking industry is famously boom-or-bust.70 billion in 2022. ATRI’s primary mission is to conduct transportation .The truck industry outlook over the year ahead looks to hold firm. Singapore Freight Trucking Price Trends. Unexpected Mergers and Bankruptcy

ᑕ ᑐ Trucking Industry Forecast for 2024

Since 2020, the cost per mile to ship something in a truck has gone pretty much only one way - upwards. DAT dry van spot rates, net fuel, finished 2022 at $2. WONG: Close to a 60% increase in the spot rates, an .January 31, 2024. Peter Levi, Tiffany Vass, Hana Mandova, Alexandre Gouy.7% in 2012; that truckload volumes will grow 3.

US freight industry after COVID-19: What's next?

Historical Data and Forecast of Singapore Freight Trucking Revenues & Volume for the Period 2020-2030.

Global Vacuum Truck Industry Report 2024: Market Set to

The Covid-19 Crisis and Clean Energy Progress circle-arrow ; Authors. “That’s very strong growth, but the base of course is low,” said Avery Vise, FTR vice president of trucking.Compared with last year, trucking volumes initially increased by about 30 percent in 2020 as a result of panic buying, then dropped markedly, and are now ticking back up again.4 billion in 2020 to $727.

Logistics Industry in the Philippines

Truckload Transportation Industry Forecast 2024

The market is influenced by factors such as economic growth, e-commerce . economy’s rebound out of the pandemic recession of 2020 is continuing after “an excellent quarter of 6.The American Transportation Research Institute (ATRI) has been engaged in critical transportation studies and operational tests since 1954. trucking industry saw $875.According to the trucking industry stakeholders, the demand for their services keeps going up without signs of coming down. The pandemic increased e-commerce in the nation as cautious consumers stayed home to avoid coming into contact with disease vectors.