New Report Finds Trucking Industry Revenues Topped $700 Billion
ARLINGTON, Va., Aug. 20, 2018 /PRNewswire/ -- Today, American Trucking Associations released the latest edition its annual compendium of trucking industry data ? ATA American Trucking Trends 2018 ? highlighting the industry's dominance over the freight market.
"Information, when presented properly and accurately, tells a story," said ATA President and CEO Chris Spear. "The information in these pages highlights exactly what I tell elected officials, regulators and key decision-makers every day: trucking is literally the driving force behind our great economy. Safe, reliable and efficient motor carriers enable businesses throughout the supply chain to maintain lean inventories, thereby saving the economy billions of dollars each year."
Among the findings in this year's edition of Trends:
Trucks moved 10.77 billion tons of freight, 70.2% of all domestic freight tonnage;
The industry generated $700.1 billion in annual revenue in 2017, 79.3% of the nation's freight bill;
The industry moved 69.1% of all trade between the U.S. and Mexico, and 57.7% of Canada-U.S. trade;
Roughly 7.7 million people were employed in jobs related to trucking activity, including 3.5 million drivers;
Of those 3.5 million drivers, there were 1.7 million heavy and tractor-trailer drivers. Minorities account for 40.6% of all drivers and 6.2% of truck drivers are women.
"Trucking is a critical part of the economy and the supply chain," said ATA Chief Economist Bob Costello. "Trends allows policymakers and business leaders to see just how big that impact is while debating key issues like trade, infrastructure investment, workforce development and tax policy."
American Trucking Associationsis the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA on Twitter or on Facebook.Trucking Moves America Forward
NEI Global Relocation's latest whitepaper, "2024 Relocation Trends | Manufacturing," provides a compelling look into how innovative relocation strategies are crucial for the manufacturing sector's talent acquisition and retention efforts. This comes...
Cato Networks, the SASE leader, announced a new SASE throughput record here at the Porsche Studio Ginza ahead of the 2024 Tokyo E-Prix, achieving 10 Gbps without hardware upgrades. At 10 Gbps, Cato became the first SASE platform to compete not only...
U Power Limited (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that the Company held an extraordinary general meeting of...
A news report from iChongqing: In 2014, Chinese President Xi Jinping and Germany's then Vice Chancellor and Minister of Economics and Energy, Sigmar Gabriel, witnessed the arrival of the YUXINOU (Chongqing-Xinjiang-Europe) train in Duisburg, Germany....
- Hoping Guests Will Experience New Value of Traveling in Japan -
Sumitomo Fudosan Villa Fontaine Co., Ltd., a Sumitomo Realty Group, has begun offering guestrooms featuring Japan Airlines, a major Japanese carrier, Hatsune Miku, LINE FRIENDS, and...
On Tuesday March 26, 2024, DeLorean Motor Company, represented by intellectual property and entertainment attorney, Roger N. Behle, Jr. of Foley Bezek Behle & Curtis, filed documents in California federal court announcing the settlement of DeLorean...