The added value of transportation and warehousing in Canada showed a steady rise from 2013 to 2019, peaking at 101.61 billion Canadian dollars in 2019 before experiencing a sharp 42.73% decline in 2020, largely due to the impact of the COVID-19 pandemic. The sector rebounded significantly by 74.3% in 2021 reaching 101.43 billion Canadian dollars, and continued its upward trajectory, reaching 112.3 billion Canadian dollars in 2023. Forecasts from 2024 onwards predict a consistent but modest growth, averaging an annual increase of about 1.9%, with the sector expected to reach 126.29 billion Canadian dollars by 2028.
Key future trends to watch for include advancements in logistics technologies, increased investment in sustainable transportation solutions, and the potential impacts of global supply chain disruptions. Additionally, policies geared towards carbon reduction and digital transformation within the sector could play pivotal roles in shaping its future landscape.
