While I was looking through various news and updates in the industry, I found the new forecast for the transportation industry through 2021. The American Trucking Association produced the report and the outlook looks great for the transportation industry as a whole. Capacity however remains an issue that will escalate due to the new CSA 2010. One of the unintended consequences of the CSA 2010 is many drivers will not be able to comply with the new safety regulations and many carriers will not be able to afford the qualified drivers.
The forecast shows projections for all modes of freight transportation. Railroads are expected to have a small drop in tonnage while Air Cargo tonnage is expected to increase. The trucking industry is expected to show steady growth over the next 11 years with tonnage moving from 68% to just under 71%. Last year trucks captured 81% of the freight revenue. While the recession has hit trucking very hard the last 2 years, this year is starting off very strong and the future looks bright.
The ATA article, along with the link to the actual report can be found here: http://www.truckline.com/pages/article.aspx?id=718%2F%7b8E1C7279-ED27-4C03-B189-CEEEE26BBB12%7d
The information on the new Comprehensive Safety Analysis (CSA) 2010 can be found at their website: http://csa2010.fmcsa.dot.gov/
– Ben Dundas, Web Analyst
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