ATA: 'Trucking activity will increase'
America's trucks are moving more freight than ever, according to American Trucking Association (ATA) CEO and President Bill Graves.
Graves addressed commercial tire dealers last night at Bridgestone/Firestone North American Tire LLC's annual Bizcon meeting in Chicago, Ill.
Graves and ATA Executive Vice President and Chief Economist Bob Costello believe the amount of freight hauled by trucks will continue to rise.
"The trucking industry is witnessing the best growth in tonnage in several years," says Costello.
Eight-seven-percent of all freight shipped in the United States is done via truck, according to ATA research.
ATA officials believe that all sectors of the trucking industry will grow in 2004. "This has not happened since 1999."
The domestic trucking industry -- currently a $585 billion business -- will increase to more than $1 trillion by 2015, adds Costello.