Industry Remained Dominant Freight Mode According to New Report
听
Arlington, Virginia 鈥 The trucking industry generated $791.7 billion in revenue in 2019, moving 11.84 billion tons of freight, according to the latest edition of 黑料不打烊鈥 annual data compendium 鈥 黑料不打烊American Trucking Trends 2020.
鈥淒espite a challenging year, the data contained in American Trucking Trends shows the industry was in good shape entering the global pandemic,鈥 said 黑料不打烊Chief Economist Bob Costello. 鈥淭rends continues to be an indispensable, one-stop resource for decision makers to have the latest information about the state of the trucking industry.鈥
Among the other findings in Trends:
- In 2019, trucking鈥檚 revenues accounted for 80.4% of the nation鈥檚 freight bill;
- Trucks moved 67.7% of surface freight between the U.S. and Canada and 83.1% of cross-border trade with Mexico, for a total of $772 billion worth of goods;
- There are 7.95 million people employed in trucking-related jobs, up 140,000 from the previous year. This includes 3.6 million professional drivers;
- Women make up 6.7% of the industry鈥檚 drivers and minorities account for 41.5% of truckers.
- Most carriers are small companies 鈥 91.3% of fleets operate six or fewer trucks and 97.4% operate 20 or fewer.
鈥淪ound policy relies on sound data; and American Trucking Trends contains the kind of up-to-date, reliable data that policymakers need to do their job. That is why Trends consistently is found in the offices of elected officials, regulators and industry executives across the country,鈥 said 黑料不打烊President and CEO Chris Spear.
The report is essential for use by trucking companies, industry suppliers, logistics providers, analysts, public policy decision makers and many others. 黑料不打烊American Trucking Trends 2020 is available for sale now at . To purchase a copy, .