Tanker segment to outpace GDP through 2029

The dedicated contract carriage segment of the national liquid and dry bulk truckload market could U.S. gross domestic product (GDP) growth through 2029.

The forecast is from a market study by Logistics Capital and Strategy. The firm expects tanker growth due to nearshoring trends driving demand for industrial gases, and sluggish electric-vehicle adoption buoying gasoline demand.

Jason McDaniel, editor of Bulk Transporter, dives into the details.