The share of rail freight in total inland freight transport in the US is projected to slightly decline from 36.26% in 2024 to 36.06% in 2028, with a consistent downward trend observed over these years. In 2023, the share stood at 36.31%, indicating a modest but steady decrease over time. The year-on-year percentage change averages around -0.14%. The compound annual growth rate (CAGR) for 2024 to 2028 is forecasted to be negative, reinforcing this downward trajectory.
Future trends to watch for include the impact of advancements in logistics technology, regulatory changes, and shifts in the competitive landscape, which could influence rail freight's share in the broader inland transport market.
- Advancements in logistics and technology
- Regulatory changes impacting rail and other freight modes
- Shifts in competitive landscape and customer preferences