Overall, other modes of transportation - truck, rail and water - will lose market share to pipeline, which will grow from 10.5 percent to 17.4 percent between 2016 and 2027 primarily as a result of growth in the U.S. energy sector, ATA said.

Specific to trucking, truckload volumes will grow 2 percent annually between 2016 and 2022 and 1.6 percent per year after that until 2027.

Less-than-truckload volume will grow year after year 3 percent through 2022 and 2.8 percent from 2023 to 2027.

Private carrier volumes will grow 2.3 percent annually until 2022 and 2.1 percent each year over the next five years.

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