The forecast for labor costs in warehousing and support activities for transportation in the US shows a steady increase from 2024 to 2028, reaching $157.44 billion by 2028. This represents a year-on-year growth from 2024 onwards, indicating a positive trend. In 2023, these costs stood at $137.73 billion. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 2.65%.

Future trends to watch for include:

Impact of automation and technological advancements on labor costs.
Potential regulatory changes affecting labor conditions and industry practices.
Fluctuations in demand for warehousing and transportation services driven by economic factors and consumer behavior.