Steady Growth in Transport Sectors

Most transportation sectors, such as pipeline transport, air transportation, and warehousing, have shown consistent growth in their contributions to GDP over the years.

COVID-19 Impact

A noticeable decline in GDP contributions is observed in sectors like air transportation and transit & ground passenger transport around 2020, corresponding to the pandemic’s onset and subsequent restrictions. This reflects the reduced travel and logistical disruptions during the peak of COVID-19.Some sectors have shown signs of recovery after 2020, indicating a partial return to pre-pandemic levels.

Great Recession Impact (2007-2009)

Several charts, including those of air transportation and pipeline transport, show a dip in GDP contributions during the Great Recession. This indicates how economic downturns impact demand across transportation and storage industries.