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TRUCKING MARKETS: How Big is the Trucking Industry? * USA
* Texas - Statistics About Truck Driving
Fort Worth,TX,USA- C1GuestBlog -March 21, 2013: -- The trucking industry is a huge sector of the American economy, but often doesn’t get the recognition or respect it deserves... But how big is the trucking industry, exactly?: In 2011, the trucking industry raked in an astounding amount of revenue — $603.9 billion in freight. That’s more than 80 percent of all freight revenue (including air, rail, water, etc). The trucking industry is quite literally what keeps our economy running smoothly... To give you an idea of how much of our nation’s product is actually shipped through truck…
* $118,832,000 (82.7%) of agricultural products
* Over 92% of prepared foods including dairy products and fruit, vegetables, and nut products
* $501,445,000 (65%) of pharmaceutical products
* $168,913,000 (91.9%) of lumber and wood products
* Employment in the Trucking Industry: Nine million people are employed in the trucking industry — that’s one out of 13 people (who have jobs). Of those 9 million, about 3.5 million are professional truck drivers. Nine million people in the industry, 3.5 million drivers, and there’s still a shortage of truckers. Estimates show that the current shortage of 20,000 drivers could increase to 111,000 by 2014 if market conditions don’t improve...
* Trucks on the Road: There are 2 million registered tractor trailers in the United States alone. On average, those trucks consume about 37.2 billion gallons of diesel a year. Those trucks on the road deliver 70 percent of all freight in the country. The American Trucking Association estimates that in about a decade, the demand for trucking services will rise by 30 percent. To accommodate for the rise in demand, the amount of heavy trucks on the road will rise by 20 percent, putting an additional 600,000 tractor trailers on the nation’s highways... As you can see, we’d be in a pretty big bind of trucks stopped moving...
* Ohio - Trucking industry continues smooth ride in February
Dayton,OH,USA -The Dayton Business Journal, by Joe Cogliano -Mar 25, 2013: -- The trucking industry continues to gain speed... The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.6 percent in February, marking the fourth consecutive month of increases. That hasn’t happened since late 2011... Kevin Burch the president of the Dayton-based Jet Express Inc., a truckload carrier, said the latest report could be a sign an upturn better news might be coming for the overall economy... Burch cited a combination of factors that played into four consecutive months of tonnage increases including:
• Companies are keeping a much better control on inventories. When warehouses have inventories that get depleted, truck tonnage naturally increases;
• Many companies were worried and to some degree still are with the effects of the “Fiscal Cliff” issues. Orders were probably delayed;
• The “feel good”effect that consumers have with respect to their 401K’s and personal stock portfolios are having a good effect on tonnage increases; and
• The housing market has improved and tonnage moves in the same direction.
The ATA says trucking serves as a barometer of the U.S. economy, representing 67 percent of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods... Trucks hauled 9.2 billion tons of freight in 2011...
Labels: trucking markets
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