Analysis reveals the number of self-employed individuals in Canada's transportation and warehousing sector is expected to increase from 109,000 persons in 2024 to 114,000 by 2028. The forecasted year-on-year growth between 2024 and 2028 shows a steady rise, averaging a CAGR of approximately 1.13% annually. The consistent growth indicates underlying stability in this sector, showing expansion after current economic conditions with a return from potential recent setbacks.
Future trends to watch:
- Impact of technological advancements on job creation in logistics.
- Policy changes affecting gig economy and self-employment.
- Evolving consumer behavior in e-commerce and digital delivery services.
- Sustainability initiatives driving changes in transportation methods.
