The volume of national road freight transport in the US showed varied trends from 2013 to 2023, standing at 2.9016 Trillion Tonne Kilometers in 2023. The period saw spikes and declines, particularly notable with the 19.21% increase in 2018, contrasted by a 2.86% drop in 2020. The overall compound annual growth rate (CAGR) from 2018 to 2023 was -0.67%, indicating slight contraction towards the end of the period. However, the year 2023 experienced a minor 0.7% year-on-year growth.
Looking ahead, the forecasted data suggests a steady though modest growth with annual increases around 0.28% CAGR from 2023 to 2028. By 2028, the volume is expected to reach 2.9522 Trillion Tonne Kilometers, reflecting a 1.39% total growth over five years.
Future trends to watch include the impact of innovations in logistics and transportation technology, sustainability practices, and potential regulatory changes focusing on emissions and efficiency. These could significantly influence growth patterns and operational dynamics in the industry.
