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Many factors impact how the freight and trucking industry performs. From consumer demand to gas prices, trucking companies must consider multiple aspects when they manage their inventory or decide to hire more drivers. Luckily, the industry is expected to grow based on the latest research.
The American Trucking Administration recently published the Freight Transportation Forecast discussing the economic outlook of the trucking industry for the rest of this year. The organization believes the volume of freight trucking will move 10.73 billion tons of goods and increase almost three percent overall by the end of this year. The American Trucking Administration also estimates that the freight industry will rise to 3.4 percent by 2023.
This is encouraging news since technology is advancing at a rapid pace. The American Trucking Administration came to its conclusion after analyzing the country's increasing demand for goods and overall population growth. They are optimistic about the number of opportunities available in the trucking industry and predict it will continue to expand in many areas since trucking is still the preferred shipping option for companies in many industries.
Please contact us today or call us at 708-258-6900 for the latest information about the trucking industry. We are a full-service dealer offering parts, service, warranty work, welding and fabrication. At Country Supply Inc., we are proud to be an authorized dealer for Doonan, XL Specialized Trailer, Transcraft, Trail King, Reitnouer Trailers and Princeton Piggyback Forklifts. Please stop by our office to speak with one of our team members if you are in the Midwest or Chicagoland area.
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