The Atlanta-based cargo market consulting group said the move by shippers towards shorter supply lines and faster, cheaper and more direct long-haul shipments means these trucking sectors will gain more business during the next year.
By contrast, air freight's growth rate will be tied to the general economy
Colography forecasts more than 6.6 billion shipments will move in domestic U.S. commerce and air export in 2004, up from 6.5 billion shipments projected for 2003. Shipments moved via ground parcel service will show the strongest growth, rising to 3.78 billion shipments from 3.69 billion shipments.
Combined revenue for domestic air, ground parcel, LTL and U.S. air export — the four primary traffic categories — will climb to $82.1 billion from $79.8 billion, Colography said.
The weight of an average shipment will fall to 28.7 pounds from 29.6 pounds, continuing a downward pattern.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now