In 2023, the total hours worked in transportation and warehousing in the US stood at approximately 13.14 billion hours. The forecast from 2024 to 2028 shows a steady increase from 13.33 billion hours in 2024 to 14.06 billion hours by 2028. This represents an average annual growth rate (CAGR) of roughly 1.36% over the five-year period.
The year-on-year growth from 2024 to 2025 is projected at 1.43%, from 2025 to 2026 at 1.33%, from 2026 to 2027 at 1.31%, and from 2027 to 2028 at 1.30%. This indicates a stable growth trend within the sector.
Future trends to watch for include:
- Technological advancements in logistics and autonomous vehicles could potentially impact labor hours.
- Economic shifts that affect demand for transportation services, such as e-commerce growth.
- Regulatory changes that might alter labor patterns or working conditions.