Trucking will represent 73% of total freight tonnage and 79% of the revenue of the entire U.S. freight market by 2034 according to a new study, “Vertical Market Outlook Series: Trucking,” released by the Equipment Leasing & Finance Foundation (ELFF). The study provides an outlook on the U.S. trucking industry, including key trends and developments impacting this sector over the next one to two years.
The report was commissioned by the foundation and prepared by global advertising, technology and data company Big Village. The new study presents data and research from a variety of sources and examines a range of issues, including:
- On-the-road transport vertical landscape: definition and composition.
- Macroeconomic environment: federal regulations, supply chain, operational cost trends, freight volume trends, decarbonization impact, transport rate trends and sustainability.
- Market dynamics and trends: bankruptcy, M&As, financing, the role of technology and changing industry structure.
“This report provides an overview of the U.S. long-haul trucking market, addressing macroeconomic factors, technological innovations, and challenges that will impact the sector going forward,” Valerie Gerard, research committee chair of the foundation and co-CEO of The Alta Group, said. “It is an indispensable resource for equipment finance professionals to use in their strategic planning, and as a guide to the trends and shifts to monitor in order to support their clients and prospects as the industry moves forward.”
Download the full report at https://www.leasefoundation.org/industry-resources/vertical-outlook/.
