The US land transport and pipeline transportation output saw fluctuations between 2013 and 2023, growing from $484.94 billion to $702.36 billion in 2023. The 2023 value reflects a 3.39% increase from the previous year, with the CAGR over the past five years standing at 2.43%. Notably, the sector experienced significant growth in 2018 and 2021, with annual increases of 11.18% and 19.38%, respectively. However, the sector faced a notable decline in 2020, with an 8.31% decrease due to external factors such as the COVID-19 pandemic.

Forecasted data suggests continued growth, with projections indicating the sector will reach $814.01 billion by 2028. The forecasted five-year CAGR is 2.34%, implying steady but moderate growth ahead.

Future trends to watch for include:

Technological advancements in logistics and transportation management.
Increasing investments in infrastructure to support more efficient transport routes.
Potential impacts of regulatory changes and environmental sustainability initiatives.
The integration of AI and automation in transport processes.