Remembering Ralph
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AAA Daily Fuel Gauge Report for Friday, 09/08/17
National Average Price for Regular Unleaded
Current: $2.674
Month Ago: $2.351
Year Ago: $2.185
National Average Price for Diesel
Current: $2.701
Month Ago: $2.516
Year Ago: $2.362
ATA Freight Forecast Projects Continued Long-Term Growth in Volumes
Today, the American Trucking Associations released its latest ATA Freight Transportation Forecast: 2020 to 2031, which is conducted annually by IHS Markit, showing that despite contraction in 2020, the long-term trend for both trucking and overall freight shipments is still positive. Among the findings in this year’s Forecast: *Total freight volumes in 2020 are likely to collapse by 10.6% to 14.6 billion tons, although truck freight volumes falls a smaller 8.8%. *Trucking volumes are expected to rebound in 2021, rising 4.9% next year and then growing 3.2% per year on average through 2026. *Overall freight revenues in 2020 will total $879 billion, rising to $1.435 trillion in 2031.
