Feds Expect 40 Percent Growth in Freight in the Next 30 Years
A U.S. Department of Transportation press release shares its predictions for the future of freight:
New projections released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) and Federal Highway Administration (FHWA) show that freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent…
In total by 2045, "total freight on all modes – air, vessel, pipeline, rail, and trucks – is projected to reach 25 billion tons while the value is expected to grow to $37 trillion."
The press release includes a lot of tables to illustrate the statistics include in the Freight Analysis Framework, as the report is officially called.
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