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.