Improving U.S. Economy to Increase Demand for Freight Quotes from Shipping Companies

Posted On 15th January 2015

Real gross domestic product (GDP) a statistic based on the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 5.0 percent in the third quarter of 2014.

The increase in GDP in the third quarter reflected the following economic trends:

  • Consumer spending rose 3.2%, compared with 2.5% in the second quarter and consumer spending on both goods and services rose measurably.
  • Business investment increased, most significantly in transportation and industrial equipment as well as in intellectual property goods.
  • Exports of goods rose; industrial supplies and materials were the largest contributors to this increase.
  • Federal government spending rose, primarily as a result of increased national defense spending.

Despite recent volatility in the stock market and currency shocks around the globe, the United States economy is strengthening. Lower gas and oil prices and improving economic numbers suggest increased demand for freight services and interest in a competitive freight quote from leading freight shipping companies.

In 2012, the United States transportation system moved approximately 54 million tons of freight on average each day with an approximate value of almost $48 billion. The freight value is expected to rise faster than the weight, increasing from $882 per ton in 2007 to $1,377 per ton in 2040 (adjusted for inflation).

In 2007, the freight value of exports was estimated at $1,826 per ton, and imports at $1,456 per ton. Export and import values were much higher than domestic shipments which were pegged at $799 per ton in 2007.

Exports and imports account for 11% of the tons and 19% of the value in 2007 and are expected to represent an even greater share of freight moving across the U.S. in the coming decades. By 2040, exports and imports are expected to account for 19% of the tons and 31% of the value.

As demand for freight services rises, we will see increased demand for freight quotes from businesses of all sizes looking to safely and cost-effectively move goods from one city to another.

With state-of-the-art logistics and tracking technology and a network of reputable shipping companies, we are able to effectively meet the increased demand for freight services and deliver high-quality customer service to all of our customers.