The volume of road freight transport in the US was at 3.3597 trillion tonne-kilometers in 2023, showing a year-on-year decline of 1.26% from the previous year. Over the last two years, the sector witnessed declines, with a CAGR of -1.21% from 2021 to 2023. Despite fluctuations, the period between 2013 and 2018 showed steady growth, particularly with a significant increase of 20.94% in 2018. However, recent years indicate a deceleration in growth, culminating in a forecasted 5-year CAGR of -0.89% by 2028.
Future trends to watch for include:
- Technological advancements in transportation and logistics.- Ongoing impacts of economic fluctuations and fuel prices.- Increased emphasis on sustainability and reduction of carbon footprint.- E-commerce growth influencing freight volumes.
