In 2023, the transport of loaded and empty road freight in the UK stood at approximately 19.31 billion vehicle-kilometers. The forecast for 2024 to 2028 shows a slight consecutive decline, with each year witnessing a decrease of around 0.31% year-on-year, leading to a compound annual growth rate (CAGR) of roughly -0.31% over five years. This suggests a shrinking trend in road freight transport.
Future trends to watch for include:
- Impact of regulatory changes focused on sustainability and emissions reduction.
- Adoption of technological advancements in vehicle efficiency.
- Shifts in domestic and international trade patterns.
