Independent Truck Drivers in LATAM

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Independent Truck Drivers in LATAM

We estimated that there are approximately 3 million independent truck drivers in Latin America.

FINDINGS

  • There are 1 million independent truck drivers in Brazil.
  • There are 3,015,398 independent truck drivers in Latin America.

RESEARCH STRATEGY

In order to fulfill this request, we first looked for research reports specific to Latin America's research industry. We found reports pertaining to fleet management and commercial vehicles (including buses) by agencies such as Berg Insight AB, Mckinsey, and Frost and Sullivan; however, these reports did not provide any data specific to independent truckers. Most of the information in these reports pertained to market sizes, segments, and manufacturers. Also, the content of the reports could not be accessed fully as they were pay walled. Next, we looked through trucking industry websites such as the Latin American Commercial Vehicle Summit, Freight Waves, and JOC. While these sources did not provide the number of independent truckers in Latin America, we did find the number of independent truck drivers in Brazil. Following this, we also searched government websites like the Department of Communication (US), as they often contain reports covering international regions, but met with no success. Lastly, we searched media sources like the Wall Street Journal and Latin Finance (related to truck financing) for any coverage of independent truckers in Latin America, but only found data specific to Brazil. Given the above limitations, we searched these sources for articles older than two years but did not find any information that would be of more use than we already knew. Instead, we decided to triangulate the data as the information we had already gathered could enable us to do so.

TRIANGULATION

Latin America has 26 countries. Brazil comprises 33.16% of Latin America's population. Calculations for the same have been presented in the attached spreadsheet. Given that all Latin American nations are developing, it is likely that the trucking industry is equally fragmented across all Latin American countries. Therefore, the ratio of independent and non-independent truck drivers will be the same across countries in Latin America. And, the proportion of independent truck drivers in the population of Brazil will be the same as the proportion of independent truck drivers in the population of Latin America.

The population of Brazil: 205,573,000
The population of Latin America: 619,884,500
The number of independent truck drivers in Brazil: 1,000,000
Therefore, the number of independent truck drivers in Latin America = 1,000,000 * (1,000,000/205,573,000) = 3,015,398


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