The volume of road freight transport for hire and reward in the UK is forecasted to increase progressively from 2024 to 2028. In 2024, the projected volume is 119.08 billion tonne kilometers, growing to 122.33 billion tonne kilometers by 2028. The year-on-year growth rates from 2024 to 2028 are relatively modest but consistent, indicating a steady expansion. In 2023, the actual volume stood at 118.26 billion tonne kilometers. The expected compound annual growth rate (CAGR) over this five-year period is minimal, reflecting stable yet slow growth in the sector.
Future trends to watch include potential disruptions due to economic shifts or regulatory changes post-Brexit, technological advancements in logistics like autonomous vehicles, and sustainability measures that might affect operational strategies within the road freight industry.
