4yqjgopm.png

April: FTR’s Trucking Industry Forecast for 2024

April 8, 2024 0LinkedIn Postings

According to FTR’s latest forecast, total truck loadings in 2024 are expected to increase by 0.8%. While there will be fluctuations, the industry will remain stable. Are you interested in the key statistics and which sectors could be the most impacted by this forecast? Let’s dive in!

Key stats:

  • Dry van loadings: 1.1% y/y increase
  • Refrigerated loadings: 2.7% y/y increase
  • Flatbed loadings: 0.6% y/y increase
  • Specialized loadings: 0.3% y/y growth
  • Tank loadings: No growth y/y
  • Bulk/dump loadings forecast: 0.4% y/y growth

Sectors this may impact:

  • Food & Packaged Goods: Anticipate a substantial 2.7% year-over-year rise, driven by increased fruit shipments. Potential disruptions in refrigerated transport could lead to price fluctuations and shortages.
  • Construction: Flatbed shipments may experience a slight dip at 0.6% year-over-year, primarily due to slower growth in building materials. Construction projects could face delays as essential supplies take longer to reach their destinations.
  • Automotive: Dry van shipments are poised to grow by 1.1% year-over-year, signaling a promising outlook for the automotive industry. However, any transportation disruptions could result in extended wait times for car parts and repairs.

We hope this overview provides valuable insights into the trucking industry. Be sure to visit our LinkedIn page and website for more forecast updates.

References: Freight Transportation Research Associates, Inc. (FTR) 


Leave a Reply

Your email address will not be published. Required fields are marked *