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TruckIN News 🗞️📈 The American trucking industry continues to exhibit significant growth and development. According to Mordor Intelligence, the U.S. freight and logistics market is valued at USD 1.29 trillion in 2024 and is projected to reach USD 1.57 trillion by 2029, with a compound annual growth rate (CAGR) of 4.01% during the forecast period (2024-2029).
❗️However, the industry faces certain challenges. In September 2024, American retailers, automakers, and other companies encountered rising transportation rates ahead of a potential strike that threatened to shut down about thirty ports.
⚡️Simultaneously, in January 2023, TravelCenters of America announced a partnership with Electrify America to install 1,000 fast-charging stations for electric vehicles at approximately 200 of its locations, indicating the industry’s effort to adapt to new technologies and environmental standards.
🔝 Thus, despite existing challenges, the U.S. trucking business continues to evolve, implementing innovations and adapting to changing market conditions.
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