Trucking Industry Statistics: Key Findings
- Trucks move about 72.5% of America’s freight by weight.
- The trucking industry earned $875.5 billion in revenue in 2021.
- There are about 3.5 million employed truck drivers in the U.S. as of 2021.
- There are 1,102,799 for-hire trucking carriers in the U.S..
- 67.7% of goods moved between the U.S. and Canada were transported by trucks in 2019.
- The market worth of freight trucking is estimated to reach $4,032 billion by 2026.
Source: (Trans Solutions Inc, Zippia, Trucking Info, Next Big Future, JX Enterprises, GlobeNewswire.)
Trucks Haul 72.5% of U.S. Freight Weight: The Backbone of Commerce
Important takeaway:
| Prioritize trucking industry | Their contribution is paramount, handling majority of freight transport. |
| Invest in truck infrastructure | Given its crucial role, enhancing efficiency is pivotal. |
| Consider eco-friendly trucks | Sustainability is a concern due to heavy dependence on trucking. |
This statistic underlines the substantial reliance of America’s freight transportation on the trucking industry. As such, strategic investment and planning, particularly in the areas of infrastructure and sustainability, become crucial considerations.
Source: Trans Solutions Inc
U.S. Trucking Industry Registers Stellar $875.5 Billion Revenue in 2021
Important takeaway:
| Expand truck-related businesses | The high revenue signals a profitable industry. |
| Leverage technology in trucking | To maintain and increase the revenue streams. |
| Enhance policies for trucking | The significant income suggests it’s a vital economic sector. |
The impressive revenue earned by the trucking industry in 2021 underscores its economic significance. Continued expansion, technological integration, and appropriate policy measures are necessary to safeguard and enhance this major income-generating sector.
Source: Zippia
3.5 Million Truck Drivers Employed in U.S. as of 2021, Records Show
Important takeaway:
| Foster driver’s welfare programs | A large workforce requires robust support systems. |
| Invest in driver safety training | Ensuring the well-being of millions is crucial. |
| Implement driver retention strategies | High numbers indicate the need for retention efforts. |
With 3.5 million truck drivers employed in the U.S. as of 2021, the emphasis should be on nurturing their welfare, investing in safety training, and implementing strategies for driver retention. This approach not only safeguards the drivers but also bolsters the industry’s stability and growth.
Source: Trucking Info
U.S. Hosts Over 1.1 Million For-Hire Trucking Carriers, Statistics Reveal
Important takeaway:
| Maintain a competitive marketplace | The large number of carriers indicates a vibrant market. |
| Enhance regulatory oversight | Such a high count necessitates strong regulation. |
| Improve industry standardization | Standardization aids in managing numerous carriers. |
The significant number of for-hire trucking carriers in the U.S. suggests a thriving and competitive marketplace. It also underlines the need for improved regulatory oversight and industry standardization to ensure efficient operation and fair practices among these carriers.
Source: Next Big Future
67.7% of U.S.-Canada Trade Routed via Trucks in 2019
Important takeaway:
| Strengthen U.S.-Canada truck routes | Most goods are transported via this method. |
| Invest in border infrastructure | High truck traffic demands efficient border operations. |
| Foster bilateral trade agreements | Trucks dominate U.S.-Canada freight transport. |
The statistic highlights the central role of trucking in U.S.-Canada trade, with over two-thirds of goods transported this way. Thus, it is vital to strengthen trucking routes, invest in border infrastructure, and nurture supportive trade agreements to ensure seamless freight transportation.
Source: JX Enterprises
Freight Trucking Market on Track to Skyrocket to $4,032 Billion by 2026
Important takeaway:
| Increase investment in the sector | The sector’s value is projected to increase significantly. |
| Adopt future-ready technologies | This high growth requires technological advancement. |
| Establish robust supply chains | Growing market requires resilient and efficient chains. |
The expected rise in the freight trucking market’s worth to $4,032 billion by 2026 signifies a need for increased investment, technological adoption, and robust supply chain establishment. These actions can help stakeholders seize the immense growth opportunities this sector promises.
Source: GlobeNewswire
