Rail freight carload tonnage fares less well in the forecast. "Rail's overall share of tonnage will fall to 15% in 2023 from 15.7% in the base year of 2011," said ATA. it released excerpts from the forecast.
Trucking's share of tonnage is expected to increase more than two percentage points to 69.6% by 2023, with share of revenue rising to 81.7% from 80.9%.
Domestic waterborne tonnage will grow a modest 1% annually through 2923, and airfreight tonnage more than 4% annually, according to the forecast.
"The trucking industry continues to dominate the freight transportation industry in terms of both tonnage and revenue, comprising 67% of tonnage and 81% of revenue in 2011," said ATA Chief Economist Bob Costello.
The forecast was produced by ATA in collaboration with IHS Global Insight and Martin Labbe Associates. It is for sale through ATA as a bound volume, a CD, or a downloadable PDF.