In 2014, trucking generated more than $700 billion in revenue, according to an ATA report.
Freight volumes have been on a substantial growth path and it looks as though the trucking industry has picked up the bulk of it, according to the American Trucking Trends report from the American Trucking Associations. And when you combine higher freight volumes with tighter capacity and lower fuel costs, you’re looking at a great year for those in the trucking business.
Here are the stats, according to the truckinginfo.com article. The industry:
• Moved 9.96 billion tons of freight: that’s nearly 69% of all domestic freight
• Logged 168.4 billion miles in 2013
• Employs more than 7 million people, including 3.4 million drivers
It’s clear how important our industry is to the transportation needs of North America, and we don’t anticipate a lessening of that importance any time soon. Imagine what 2015 will bring!
Has this year exceeded your projections?