Freight Facts and Figures 2008
Figure 1-1. Economic and Population Projections: 2006-2016
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 8 percent by 2016. Transportation and warehousing employment is expected to increase by 11 percent over this period, about the same as employment as a whole. These projections are based on long-term trends, and may be lowered given recent disruptions to the economy.
Data represented in the figure.
|Transportation and warehousing employment (thousands)||4,466||4,962||11|
|Total Employment (thousands)||150,620||166,220||10|
|Gross domestic product (GDP) ($2006 billions)||13,262||17,633||33|
Population: Department of Commerce, Census Bureau, Statistical Abstract of the United States: 2008 (Washington, DC: 2007), available at www.census.gov/compendia/statab/ as of May 8, 2008.
Employment: U.S. Department of Labor, Bureau of Labor Statistics, Employment by Major Industry Division, 1996, 2006, and projected 2016, available at www.bls.gov as of May 8, 2008.
GDP: Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2007 to 2016, available at www.cbo.gov as of May 8, 2008.
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