The NATSO Foundation is the research, education, and public outreach subsidiary of NATSO, Inc. The NATSO Foundation provides programs and products aimed at strengthening travel plazas’ ability to meet the needs of the traveling public through improved operational performance and business planning. The foundation is completely autonomous and relies solely on donations. Visit www.natsofoundation.org to learn more.
One trend with a big impact on the travel center industry is the growth in freight tonnage.
The American Trucking Associations’ 2023-2034 Freight Forecast said total freight tonnage is rising and projected to grow 26.6% over the forecast period. “Look for an average annual increase of 2.0% per year from 2024 to 2034,” the report stated. More
The NATSO Foundation identified eight key trends expected to shape the truck stop and travel center industry in 2024.
One trend with a big impact on the travel center industry is shorter lengths of haul. For years, companies have been moving warehouses and fulfillment and distribution centers closer to consumers, affecting the average length of haul. The American Transportation Research Institute estimates that the average length of haul has decreased 37% since 2000 More
Truck stop and travel center operators face competition from a wide range of industries, including traditional convenience stores that are now focusing on truck traffic, grocery stores and restaurants that are installing fuel pumps, and big-box stores that are adding quick-service food offerings. More