The trucking industry in Canada has experienced fluctuations in shipment value from 2013 to 2023, with values expressed in Millions. As of 2023, shipments stood at 65.122 million, reflecting a 0.31% year-on-year increase from 2022. Notable variances include significant drops in 2016 and 2020, countered by recovery trends in subsequent years. The five-year CAGR from 2019 to 2023 is 0.45%, indicating modest annual growth.
Forecasts from 2024 to 2028 suggest a stable upward trajectory, with a forecasted 5-year CAGR of 0.27% and a total growth rate of 1.35%. Future trends to watch for include technological advancements in logistics, shifts towards sustainable transport solutions, and potential economic impacts affecting freight demand.
Latest reports
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