What's Happening?
A market study by Logistics Capital and Strategy forecasts that the dedicated contract carriage segment of the national liquid and dry bulk truckload market will outpace U.S. GDP growth through 2029. The study attributes this growth to nearshoring trends driving demand for industrial gases and sluggish electric vehicle adoption sustaining gasoline demand. The bulk segment's expansion is expected to be driven by increased industrial activity and transportation needs, positioning it as a key player in the logistics and transportation industry.
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Why It's Important?
The anticipated growth of the bulk segment highlights its critical role in the U.S. logistics and transportation industry. As nearshoring trends continue, the demand for industrial gases and transportation services is likely to increase, supporting economic growth and job creation. The segment's expansion could lead to investments in infrastructure and technology, enhancing efficiency and sustainability. This growth trajectory may also influence policy decisions related to transportation and energy, as stakeholders seek to capitalize on emerging opportunities.
