The volume of national road freight transport in Canada is projected to grow steadily from 176.2 billion tonne kilometers in 2024 to 183.24 billion tonne kilometers in 2028. Considering that recent estimates showed a 2% year-on-year growth from 2023, this indicates a consistent upward trend in the sector. The compound annual growth rate (CAGR) over the forecasted five-year period stands at approximately 0.97%, showcasing moderate but stable growth.
Future trends to watch for include advancements in technology such as autonomous vehicles, the impact of global trade policies, and the shift towards sustainable and eco-friendly logistics practices which could shape the trajectory of road freight transport efficiency and demand in Canada.
