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Study Reveals Growth in Intermodal Freight

[ June 20, 2016   //   ]

According to Forecast, a collaboration between the American Trucking Associations (ATA) and IHS Global Insight, overall freight tonnage will grow 23.5% from 2013 to 2025 and freight revenues will surge 72%.

“We continue to see growth for the entire freight economy – but we also see that trucking will maintain its position as the nation’s dominant mode of freight transportation,” ATA Senior Vice President and Chief Economist Bob Costello.

Among its findings:

•         Trucking’s share of freight tonnage will grow from 69.1% in 2013 to 71.4% in 2025;
•         Truckload volume will grow 3.5% a year through 2019, then 1.2% annually from 2020 to 2025 – however, truckload carriers will make greater use of intermodal rail for intermediate- and long-distance hauls.
•         Rail intermodal tonnage will grow 5.5% annually through 2019 and 5.1% a year through 2025.
•         Railroad market share will, however, shrink from 14.5% of all tonnage in 2013 to 13.8% in 2025.

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