The trucking industry's tonne-kilometres in Canada experienced varied annual changes from 2013 to 2023, with significant dips seen in 2017 and 2020. The period from 2013 to 2016 saw a positive CAGR of 5.61%, but there were negative impacts in 2017 and 2018 with decreasing values. A striking decline occurred in 2020 due to the pandemic with a year-on-year drop of -16.21%. Recovery began post-2020, with 2021 showing a 15.51% increase. From 2021 to 2023, growth stabilized, culminating in 287.44 billion tonne-kilometres in 2023.
Trends:
- Post-pandemic recovery observed from 2021 onward.
- Stabilized growth in the years 2022 and 2023.
- Forecasted steady increase from 2024 to 2028 with an estimated 0.71% CAGR.
- Future trends to watch for include potential impacts of new regulations, advancements in truck automation, and changes in global trade patterns.
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