DAT reports a mixed signal for the US truckload freight market in September, with volume down and rates up. Dry van and refrigerated freight volumes decreased, while flatbed volume increased. Spot rates saw a slight rise, and contract rates fluctuated. Analysts suggest that the rate increase is not demand-driven, making the peak season outlook less optimistic. Continued market exits by trucking companies are anticipated.
The 16th meeting of the World Customs Organization (WCO) Capacity Building Committee, themed "Reshaping the WCO Capacity Building Paradigm," emphasized strategic alignment and resource optimization. The meeting aimed to update capacity building strategies to address global trade challenges. Discussions focused on the elements and operational aspects of the new paradigm, highlighting the importance of multi-stakeholder collaboration. The committee also elected new chairs and vice-chairs, setting the direction for global customs capacity building initiatives. The conference sought to modernize approaches to better support member states in navigating the evolving international trade landscape.
The 19th WCO Asia/Pacific Regional Training Center Heads Meeting was held online, focusing on the challenges and practices of distance learning under the pandemic. Participants shared experiences, discussed innovative models, and emphasized collaborative construction, aiming to enhance regional customs capacity building and respond to the new international trade environment. The meeting highlighted the importance of adapting training methodologies to effectively address the evolving needs of customs administrations in the region and ensure continued professional development despite global disruptions.
According to the latest data from the Association of American Railroads, U.S. rail freight volume in May remained flat year-over-year, but intermodal traffic experienced strong growth. Intermodal transportation benefits from tight trucking capacity and corporate cost reduction demands, and is expected to maintain its growth momentum. The overall rail freight market reflects economic uncertainty. The industry needs to address challenges such as energy transition and manufacturing reshoring, while actively embracing technological innovation. The growth in intermodal offsets the weakness in other rail segments.
The American Trucking Associations (ATA) forecasts that trucking will remain dominant despite recent freight volume declines. Freight volumes are projected to grow by 1.6% in 2025 and reach a peak of 14 million tons by 2035, capturing 76.8% of the freight market share. Revenue is expected to increase to $1.46 trillion. The report emphasizes the critical role of trucking in the supply chain and provides valuable insights for industry leaders and policymakers.
The American Trucking Associations forecasts that truck freight volume will reach 13.99 billion tons by 2035, accounting for 76.8% of the freight market share, with revenue projected to increase to $1.46 trillion. Trucking remains the dominant force, while other modes of transportation are also actively developing. This forecast provides a valuable reference for industry leaders and policymakers, highlighting the continued importance of trucking in the overall freight landscape and informing strategic decisions.
The American Trucking Associations (ATA) forecasts continued growth in the trucking industry over the next decade, projecting nearly 14 million tons of freight by 2035, maintaining its dominance in the freight market. This forecast provides crucial insights for industry leaders and policymakers, helping them understand supply chain trends and prepare for future development. The report highlights the importance of trucking in the overall economy and underscores the need for strategic planning to accommodate the anticipated increase in freight volume.
The American Trucking Associations (ATA) has criticized the FMCSA's current safety rating system, citing data biases and inadequacies that lead to unfair treatment of trucking companies. Other organizations have also voiced concerns about the existing system. The FMCSA is seeking improvements and exploring more scientific assessment models to establish a fairer and more reliable safety rating system, ultimately enhancing road safety. They aim to address the perceived shortcomings and ensure accurate evaluation of trucking companies' safety performance.
The American Trucking Associations forecasts that China's truck freight volume will approach 14 million tons by 2035, dominating the freight market. The report reveals the growth potential of trucking over the next decade, emphasizing its crucial role in the supply chain. Businesses should seize opportunities, embrace technology, expand services, and strengthen cooperation to usher in a golden age of trucking. This period of significant freight growth presents challenges and opportunities for companies involved in logistics and transportation.
This article provides an in-depth analysis of the significance of truck transportation in the global freight market. It explores how LTL transportation and real-time tracking technology can optimize freight costs and enhance supply chain efficiency, helping businesses gain a competitive edge in the market.
