Figure 1-1. Economic and Population Projections: 2004-2014
Demand for freight transportation grows with increases in population and economic activity. The U.S. economy, as measured by GDP, is projected to increase by 39 percent and the U.S. population by 9 percent by 2014. Transportation and warehousing employment is expected to increase by 12 percent over this period, about the same as employment as a whole.
|Population (thousands)||(R) 293,657||319,668||9|
|Transportation and warehousing (thousands)||(R) 4,249||4,756||12|
|Gross domestic product (GDP) ($2005 billions)||(R) 11,730||(R) 16,267||(R) 39|
Key: R = revised.
Population: U.S. Department of Commerce, U.S. Census Bureau, Statistical Abstract of the United States: 2006 (Washington, DC: 2005), available at http://www.census.gov/statab/www/ as of June 6, 2007.
Employment: U.S. Department of Labor, Bureau of Labor Statistics, Employment by Major Industry Division, 1994, 2004, and projected 2014, available at www.bls.gov as of June 6, 2007.
GDP: Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2005-2014, CBO's Economic Projections for 2004 through 2015, available at http://www.cbo.gov as of June 6, 2007.
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