New report suggests significant gains for the trucking industry through 2022

As the market continues to rebound, more suppliers are using fleet management to transport goods and services.

According to the American Trucking Associations' (ATA) U.S. Freight Transportation Forecast, the trucking industry will continue to experience gains through 2022. The total freight tonnage is expected to increase by 24 percent through 2022, with revenue growing by 66 percent during the same amount of time.

Trucking's share of the freight transportation market is expected to rise to 70 percent in this same time frame, but the industry's hold on freight revenues will only grow by 0.2 percentage points.

The analysts suggest that these findings are good things to keep in mind for suppliers who are planning out the future.

"At a time when our nation's leaders are debating what our future transportation system should look like, the Forecast is a tremendous resource," said Bob Costello, the chief economist of the ATA. "The Forecast can also help America's business leaders as they plan what their future logistics plans and businesses will look like."

By Andie Martin

New report suggests significant gains for the trucking industry through 2022

Friday, May 20th, 2011