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Among the key findings in ATA Freight Transportation Forecast 2023 to 2034 are: *Overall truck tonnage will grow from an estimated 11.3 billion tons this year to 14.2 billion tons in 2034. This represents 72.4% of the freight tonnage in 2023 and 72.6% of tonnage at the end of the forecast period. *Trucking’s revenues will grow from $1.01 trillion in 2023 to $1.51 trillion in 2034, which will account for 78.8% of the freight market. *In other modes: o As coal and bulk petroleum shipments wane over time, rail carload tonnage will fall from 11% of total freight to 10.1% by 2034. o Rail intermodal revenues will grow from $21.7 billion in 2023 to $35.2 billion in 2034. o Air cargo tonnage will grow from 17.6 million tons this year to 23.7 million tons in 2034. o Pipelines will see their share of freight tonnage grow from 9.8% in 2023 to 10.4% in 2034.

UPS has begun sending letters to about 105,000 package van drivers offering them voluntary severance packages worth $150,000, to resign, the company confirmed on Wednesday. A federal judge last week cleared the freight transportation giant to move ahead with buyout offers over objections from the Teamsters union. UPS (NYSE: UPS) has decided to reduce headcount by 30,000 this year as part of a network consolidation plan aimed at reducing costs and improving efficiency amid declining parcel volumes. During court arguments, Teamsters lawyers said the union expects up to 10,000 drivers to accept the company’s offer.