From 2016 to 2020, US intraterritory waterborne freight saw a significant decline, dropping from 1.12 to 0.069 million short tons, reflecting a negative CAGR. Specifically, year-on-year variations show notable downward trends: 2017 (-24%), 2018 (-32%), 2019 (-45%), and 2020 (-78%). In 2023, the value was negligible, indicating continued decline. Such a trend highlights a contraction in this freight segment over the period.

Future trends to watch for:

Potential policy changes in environmental regulations could drive shifts in transport modalities.
Technological advancements in shipping may affect efficiency and costs, influencing market dynamics.
Economic shifts could alter demand patterns for intraterritory freight.