The forecast for the national transport of loaded and empty road freight in the UK shows a continuous decline from 2024 to 2028, beginning at 143.39 million journeys in 2024 and decreasing to 124.59 million journeys by 2028. This trend signifies an annual drop, with a noticeable year-on-year decline of approximately 3% to 4% across the period. The compound annual growth rate (CAGR) indicates a diminishing average yearly rate over these five years, emphasizing the steady decrease in road freight transportation volumes.
Future trends to watch for include:
- Impact of sustainability initiatives on road freight operations, as they might result in further shifts to more sustainable transport modes.
- Technological advancements in transport logistics, which could streamline operations and impact demand.
- Potential regulatory changes that may influence the freight industry, including emissions targets and infrastructure developments.