The Future of the Freight Industry and What It Means for Your Business
At AFP Global Logistics, we understand the needs of our customers and how to best serve them. One of the ways we do this is by constantly looking at forecasts within the freight industry. Changes in this industry can have a significant impact on your business, so it’s important to keep abreast of the latest developments. The American Trucking Associations (ATA) recently released their latest projections for the freight industry in the coming years. Knowing this information and how AFP Global Logistics can help navigate the unique challenges posed by it can help you make better decisions about your company’s direction in the short and long term future.
What The Numbers Say
The ATA’s studies project that freight volumes are expected to grow by 2.8% this year alone, followed by a consistent annual growth rate of about 3.4% for the next five years. Total freight volume is expected to increase from 15.18 billion tons this year to around 20.73 billion tons in the year 2028. This follows on the heels of the low levels of volume experienced by the freight industry during the depths of the financial crisis in 2009 and points to a resurgence in industrial output.
What The Numbers Mean
However, these projections point to a particular problem that your business might experience. Capacity is not expected to keep up with the increase in freight volume. According to the economic principles of supply and demand, a greater demand for freight services will, in all likelihood, lead to higher shipping prices. This may be more pronounced in some areas than others, depending on how the difference between capacity increases and freight increases are handled. So you may end up seeing shipping rates in the trucking industry rise more sharply than rates in the train or air freight industries. How can you make sense of the market and make good choices for your business and customers?
Trust the Experts at AFP Global Logistics to Help You Navigate the Future of the Freight Industry
To put your company in the best possible position to succeed, rely on the experts at AFP Global Logistics to help you navigate the intricacies of the shipping world. We use the latest reports to come up with effective strategies that save your company valuable time and money. The overall increase in freight volume may lead to capacity shortfalls for some freight companies, but our broad network of air, ground, and LTL resources ensure that we can find the best deal for your shipments. We have been in the business for 25 years, so we’ve seen first-hand how changes in the freight industry impact the companies that rely on it. Better yet, we know how to navigate these challenges to ensure your company goals are met. And, as a family-owned and operated business, you can trust us to put our reputation on the line and deliver you superior service. Now, as well as in the future, rely on AFP Global Logistics for your shipping needs!
AFP Global Logistics
For any and all of your freight shipping needs nationwide, look no further than AFP Global Logistics. We provide a full range of shipping and logistics services, and our 25 years in the business have given us the tools we need to create customized logistics solutions that are tailored to the needs of each client we serve. We have what it takes to provide the superior shipping and logistics solutions that your business needs to thrive. For more information or to start designing your own logistic solutions today, get in touch with AFP Global Logistics at 410.590.1234 (toll-free 800.274.1237), email us at email@example.com, or fill out our quick and easy contact form here!