U.S. Trucking industry Segments

Part
01
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Part
01

US Trucking Industry - Logistics

While there is no information in the public domain that offers the precise market size and market share of the logistics segment of the US trucking industry, there are sufficient statistics available to provide a rough estimate. The estimated market size of the logistics segment of the US trucking industry is $301 billion, while its market share is about 43%.

Market Size of the Logistics Segment in the US Trucking Industry

  • As of the year 2018, the market size of the logistics segment of the US trucking industry is approximately $301 billion. [calculations available below]
  • Total business logistics costs in the United States reached $1.64 trillion in 2018, representing a growth of 11.4% over the previous year, as reported by DC Velocity. Transportation, including the trucking segment, contributed $1.037 trillion of this total.
  • Transportation costs for the full truckload, less-than-truckload, and private/dedicated segments rose by 7.6%, 8.3%, and 13.1%, respectively, over 2017. The total costs for motor carriers, which includes large trucks transporting goods, serving the logistics industry increased by 10.1% during this time frame to reach $668.8 billion.
  • In 2018, full truckload transportation costs accounted for $296.1 billion of the total business logistics costs in the United States, according to a 2019 report from DC Velocity. The less-than-truckload segment contributed $71.8 billion. Meanwhile, costs for the private/dedicated segment reached $300.9 billion.
  • Costs for intermodal transportation, which typically involves two methods of transportation (e.g., truck, rail, etc.) hit $27 billion in 2018, indicating a 28.7% increase over 2017.
  • The 2018 net revenue in the United States for third-party logistics providers (3PLs), which services the transportation industry, was $213.5 billion.

Market Share of the Logistics Segment in the US Trucking Industry

  • According to Freight Waves, trucking contributed to roughly 43% of the global logistics industry's market size in 2018, which was about $9.6 trillion. It is reasonable to assume that this percentage is similar to its share of the logistics sector in the United States.
  • The logistics/trucking sector maintains a 35% share of the transport and logistics industry.

Research Strategy

After an exhaustive search through credible sources, we were unable to find the exact market size or market share of the logistics segment of the US trucking industry. These sources included statistical websites such as Statista and news and media sources such as Wall Street Journal, PRNewswire, etc.
We also searched through trucking/transportation and logistics, as well as supply chain, industry-related sources like Freight Waves, BR Williams, DC Velocity, Logistics Management, Heavy Duty Trucking (Trucking Info), and Transport Topic, among many others. None of the sources we visited definitively stated the market size and market share of the logistics segment of the US trucking industry.

Furthermore, we attempted to utilize articles, studies, and reports published by trucking associations in the United States, including the American Trucking Associations and the National Association of Small Trucking Companies (NASTC), among others, as well as professional logistics organizations and associations such as the American Production & Inventory Control Society (APICS). Again, we could not locate any statistics surrounding the market size and market share of the logistics segment of the US trucking industry.

Most of the sources we reviewed primarily referred to trucking as a segment of the logistics industry, as opposed to the opposite, or discussed the transportation and logistics industry as if they were one category. However, we came across some statistics and made a few assumptions to enable us to offer an estimate of the segment to present as a proxy.

A report published by Freight Waves stated that in the year 2018, the global logistics market reached a value of approximately $9.6 trillion. Of this amount, the trucking segment accounted for a reported 43% of the global logistics industry in 2018, amounting to around $4.132 trillion, which we assume is similar to its share in the United States. We can also assume that the trucking segment's share of the logistics market globally can be applied to the share of logistics costs in the trucking industry in the United States. Below, we have detailed our calculations using these figures to estimate the market size and market share of the logistics segment of the US trucking industry.

Calculations

To estimate the market size and market share of the logistics segment of the US trucking industry, we simply multiply trucking's share of the US/global logistics sector's market size (43%) by the market size of the US trucking industry ($700 billion). We adopted the following formula for our calculation: market segment = industry market size * segment market share. Therefore, our calculation goes as follows:
  • $700 billion * (43% or 0.43) = $301 billion
Hence, we assume that, according to our calculations, the market size of the logistics segment of the US trucking industry amounts to about $301 billion.
Part
02
of nine
Part
02

US Trucking Industry - Drayage, Ports and Intermodal

The US intermodal market size was $27 billion in 2019, representing 3.9% of US trucking industry while the ports market size is $44.28 to $54.12 billion, with a market share of 6.3% to 7.7% of the US trucking industry. The US drayage market size was estimated to be $13.5 billion, occupying a market share of 1.9% of the US trucking industry

US TRUCKING INDUSTRY — DRAYAGE, PORTS AND INTERMODAL

  • The US trucking industry market size was estimated at $700 billion, according to Reuters.
  • According to the State of Logistics American Association of Port Authorities, the US intermodal market size is $27 billion.
  • In 2015, the US logistics' market size was $1.5 trillion and port logistics was a $40-$50 billion industry, according to Ken Kellaway, CEO of Road One Logistics.
  • In 2019, Forbes reported that the US logistics costs rose 11.4% to reach $1.64 trillion. Assuming that Port Logistics also increased at the same rate, the current market size of port logistics would be between $44.28 and $54.12 billion.
  • Moreover, Ken Kellaway mentioned that drayage represented half of intermodal segments. Assuming that the ratio still holds, we estimated that the US drayage market size reached $13.5 billion in 2019.
CALCULATIONS:
  • Market share of ports logistics in the US logistics industry = port logistics market size in 2015 ($40-$50 billion) / US logistics market size for 2015 ($1.5 trillion) = 2.7% — 3.3%.
  • Ports logistics market size 2019 = US logistics market size for 2019 ($1.64 trillion) * ports logistics market share (2.7% — 3.3%) = $44.28 — $54.12 billion.
  • Ports logistics market share in the US trucking industry = ports logistics market size ($44.28 — $54.12 billion) / US trucking industry market size ($700 billion) = 6.3% — 7.7%
  • US intermodal market size = $27 billion
  • US intermodal market share in the US trucking industry= US intermodal market size ($27 billion) / US trucking industry market size ($700 billion) = 3.9%
  • US drayage market size = US intermodal market size ($27 billion) * 50% = $13.5 billion
  • US drayage market share in the US trucking industry= US drayage market size ($13.5 billion) / US trucking industry market size ($700 billion) = 1.9%

Research Strategy:

After an extensive search through credible industry reports such as Statista, American Trucking Associations, and PRNewswire, we were unable to find the market size or market share of the specific segments of the US trucking industry. However, we learned that the CSCMP's State of Logistics Report from the American Association of Port Authorities is the most credible source for logistics in the US, especially for ports and intermodal logistics.

Since the more recent State of Logistics Report was behind a paywall, we looked for an older but publicly available version of the report. Using that, we were able to find the 2015 report. We also found the most recent market size of the logistics industry from a Forbes article. Using all available data points, we were able to calculate the market share and size of the ports logistics market.
Part
03
of nine
Part
03

US Trucking Industry - Food and Beverage

The market share of the food and beverage segment of the US trucking industry is estimated to be 14.5%, equivalent to over $100 billion, based on the triangulation of data obtained from the US Census Bureau Commodity Flow Survey and the American Trucking Association (ATA).

US Trucking Industry

  • In 2017, the US trucking industry market size was estimated to be over $700 billion, as reported by Reuters, citing ATA data.

US Commodity Flow

  • According to the latest available data (2017) of the US Census Bureau for commodity flow, the value of commodities related to food and beverage in all types of transportation is as follows.
  • The total value of all commodities transported across the US in 2017 was $14.36 trillion, according to the survey.

Data Triangulation

  • Summing all the food-&-beverage-related commodities transported across the US in 2017 results to $2.1 trillion.
  • The share of the sum of all the food-&-beverage-related commodities to the total commodities transported across the US in 2017 is 14.5%.
  • Using the share of food-&-beverage-related commodities to the total commodity flow in the US and the US trucking industry value, the market size for the food and beverage segment of the US trucking industry is estimated to be over $100 billion in 2017.

Research Strategy

To identify the market size and market share of the food and beverage segment of the US trucking industry, our strategy was to look for hard data from industry reports of leading trucking organizations in the US, such as the American Trucking Association (ATA). The ATA annually releases a comprehensive report about the US trucking industry, but, unfortunately, all the reports are behind a paywall. We were able to get some insights from the ATA reports through news articles, such as the one from Reuters, revealing the industry's market value in 2017. We then turned to other industry reports from industry intelligence resource websites, such as Freightwave. The Trucking Freight Futures report of Freightwave provided vital information, such as the commodity segment shares of the US trucking industry. However, food & beverage was not among the segments. The closest segment was agriculture, reported to have a share of 25%. Leveraging this insight, we search for possible source of information about commodity flow in the US. This led us to the US Census Bureau commodity flow survey. The latest data of the government-funded survey was from 2017, outside from our standard 2-year validity scope. However, having the initial finding of the estimated industry market value and Freightwave's data also from year 2017, we assumed that this is the latest credible data we can get in the public domain. Also, the US commodity flow survey involved all types of transportation, and not specific to trucking segment. But, since trucking is reported to be the largest mode of transportation of commodities, we also assumed that the share of commodities would be the same in the more specific trucking segment. With these data and assumptions, we proceeded with our triangulation and have presented the above findings.


Part
04
of nine
Part
04

US Trucking Industry - Package Delivery

The US market value of the package delivery segment in 2020 is estimated to be $58.38 billion. The market value is roughly 7% of the total market share of the trucking industry.

Package Delivery Segment

  • In 2016 the US trucking market was estimated to be worth $700 billion. The trucking market share is divided into FTL (full truckload), Parcel delivery, LTL (less than truckload), and Air.
  • Of the $700 billion trucking market in the U.S., $49 billion was from parcel shipping (package delivery).
  • According to Statista, the US trucking industry was worth $796.7 billion in 2018.
  • Reuters expects the US trucking industry to grow at a CAGR of 2.3% from 2019 to 2024.
  • The US trucking market value for 2020 is estimated to be $834 billion.
  • The 2020 US package delivery market share is 7% of the total US trucking industry market.
  • The 2020 US package delivery market value is estimated to be $58.38 billion.

Research Strategy

After searching through various industry reports, databases, and market reports, the team could not find the exact market size and market share of the package delivery segment of the trucking industry. It, however, found data from 2016 that could help estimate the package delivery market share. Using this estimate and data gathered from Statista and Reuters on the growth rate and market size of the trucking industry, the team was able to estimate the 2020 market share and size of the package delivery segment. Due to limited data, the research team assumed that the percentage share of different segments in the trucking industry in 2016 and 2020 would remain the same.

Calculations

2016 market share of the parcel delivery segment
Trucking market value = $700 billion
Package delivery value = $49 billion
Market share percentage = 49 billion/700 billion * 100
= 7%

2020 US Trucking Market Value:

US trucking industry market value in 2018 was $796.7 billion.
CAGR is 2.3%
Estimated US trucking industry market value for 2020
= 2018 Market value * (1+CAGR)^2
= $796.7 billion * (1+2.3%)^2
= $796.7 billion * 1.047
= $834 billion
US trucking market value for 2020 is estimated to be $834 billion.

2020 US Package Delivery Market Value:

The estimated market share of the parcel delivery segment is 7%.
US trucking market value for 2020 is estimated to be $834 billion.
Package delivery market value for 2020 = 7% of $834 billion
= $58.38 billion
Part
05
of nine
Part
05

US Trucking Industry - Construction

Although there is no specific data regarding the market size of the construction segment of the U.S. trucking industry, sufficient data exists to estimate the size of this market, and its percentage of the overall U.S. trucking industry.

Findings

  • The total U.S. trucking industry is estimated to equal $700 Billion
  • Industry analyst site Freight News estimates that construction goods and equipment represent 5% of freight by all modes of transportation in the U.S. Because this statistic represents all transportation methods, including air and rail, we cannot assume that construction goods and equipment also represent 5% of all U.S. trucking freight.
  • Flatbed trailers, the type of trailer typically used to transport construction goods and equipment, are the second most common type of trailer on U.S. roads, and are pulled by 15% of tractors
  • Although there is little recent data available, within the last decade, transportation costs were estimated to represent approximately 10-20% of total construction costs
  • For 2018, total U.S. construction spending was estimated at $1,297.7 Billion
  • Combining these data points, a reasonable estimate for the construction segment of the U.S. trucking industry is approximately 5-15%, which represents $35-105 Billion

Methodology and conclusions

With the U.S. trucking industry estimated at $700 Billion, we can estimate the total market size and share of the construction segment by using data related to general construction freight, trailer types on U.S. roads and overall construction spending.

With construction goods and equipment equaling approximately 5% of all freight, regardless of type, and flatbed trailers (the type typically used to haul construction goods and equipment) pulled by 15% of tractors in the U.S., we can estimate that construction goods and equipment represent between 5% and 15% of the total U.S. trucking industry of $700 Billion. This represents $35-105 Billion dollars. At the midpoint of our range, if the construction segment of the U.S. trucking industry is approximately 10%, that equates to $70 Billion.

We can also make a slightly less conservative estimate by using data from the overall construction industry. If transportation costs are roughly 10-20% of total construction costs, and total U.S. construction costs for 2018 were $1,297.7 Billion, on the low-end of our range, construction would represent $129.7 Billion or approximately 18.5% of the total U.S. trucking industry. However, given the dearth of data in this area, this figure is included solely as a guideline to help verify our prior estimate.
Part
06
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Part
06

US Trucking Industry - Aviation

The US market value of the trucking industry aviation segment in 2020 is estimated to be $33.36 billion. The market value is roughly 4% of the total market size of the trucking industry.

Trucking Industry Aviation Segment

  • In 2016 the US trucking market was estimated to be worth $700 billion. The trucking market share was divided into FTL (full truckload), Parcel delivery, LTL (less than truckload), and Air (Aviation).
  • Of the $700 billion trucking market in the U.S., $28 billion was from the aviation segment.
  • According to Statista, the US trucking industry was worth $796.7 billion in 2018.
  • Reuters expects the US trucking industry to grow at a CAGR of 2.3% from 2019 to 2024.
  • The US trucking market value for 2020 is estimated to be $834 billion.
  • The 2020 US trucking industry aviation segment market share is 4% of the total US trucking industry market.
  • The 2020 US trucking industry aviation segment market value is estimated to be $33.36 billion.

Research Strategy

After searching through various industry reports, databases, and market reports, the team could not find the exact market size and market share of the aviation segment of the trucking industry. It, however, found data from 2016 that could help estimate the trucking industry aviation segment market share. Using this estimate and data gathered from Statista and Reuters on the growth rate and market size of the trucking industry, the team was able to estimate the 2020 market share and size of the trucking industry aviation segment. Due to limited data, the research team assumed that the percentage share of different segments in the trucking industry in 2016 and 2020 would remain the same.

Calculations

2016 Market Share of the Trucking Industry Aviation Segment
Trucking market value = $700 billion 
Aviation segment market value = $28 billion
Market share percentage = 28 billion/700 billion * 100
= 4%

2020 US Trucking Market Value:
US trucking industry market value in 2018 was $796.7 billion. 
CAGR is 2.3%
Estimated US trucking industry market value for 2020
= 2018 Market value * (1+CAGR)^2
= $796.7 billion * (1+2.3%)^2
= $796.7 billion * 1.047
= $834 billion
US trucking market value for 2020 is estimated to be $834 billion.
2020 US Trucking Industry Aviation Segment Market Share:
The estimated market share of the aviation segment is 4%.
US trucking market value for 2020 is estimated to be $834 billion.
Aviation segment market value for 2020 = 4% of $834 billion
= $33.36 billion

Part
07
of nine
Part
07

US Trucking Industry - Manufacturing/Warehouse/Distribution Center

The market size and market share of the manufacturing/warehouse/distribution center segment of the US trucking industry are estimated to be approximately $348.6 billion and 49.8% respectively.

US Manufacturing/Warehouse/Distribution Center Market Size and Market Share

Research Strategy

Research through multiple sources, like freight and trucking industry reports such as IBISWorld, Beroe, Market Research, and Statista, as well as media sources and industry association databases, like the American Trucking Associations (ATA), Business Insider, Reuters, and PR Newswire, no preexisting data regarding the market size and market share of the manufacturing/warehouse/distribution center segment of the US trucking industry was found in the public domain. However, the information is most likely contained in a paid report that sells for $250 to $425.

We were able to find the break down of goods hauled by the US trucking industry in a report snapshot published by TruckerPath in 2017, which we leveraged to triangulate a proxy for the industry. Since the US trucking industry's revenue is generated from the transportation of goods, we assumed that the volume of goods transported is directly proportional to revenue generated

Calculations

To triangulate a proxy for the market size and market share of the manufacturing/warehouse/distribution center segment of the US trucking industry, the research team adopted the following steps:

Market Share Estimation

First, we aggregated the market shares of all goods that fall under the manufacturing/warehouse/distribution center segment of the US trucking industry to get the market share of the segment as outlined below:

Market Size Estimation

To estimate the market size of the segment, your research team adopted this formula:
Segment market size = industry market size * segment market share
Manufacturing/warehouse/distribution center segment market size = $700 billion * 0.498 = $348.6 billion
Part
08
of nine
Part
08

US Trucking Industry - Mining

The market size and market share of the mining segment of the US trucking industry is estimated to be approximately $26.78 billion and 3.83% respectively.

Market Size and Market Share of the Mining Segment of the US Trucking Industry

  • In 2017, the market size of the mining segment of the US trucking industry was approximately $26.78 billion.
  • The market share of the mining segment of the US trucking industry is estimated to be about 3.83%.
  • Approximately $33.77 billion (7.57% of the industry's revenue) was spent on freight and transportation by the US mining industry in 2017.
  • In 2017, 79.3% of the United States freight and transportation industry revenue was generated from the trucking industry.
  • The US trucking industry generated about $700 billion as revenue in 2017.
  • In 2017, the United States mining industry's revenue was $446.1 billion.
  • The global mining industry's revenue was $600 billion in 2017 and 10% ($45.4 billion) of the industry total operating cost ($454 billion) was expended on freight and transportation.
  • About 7.57% ($45.4 billion) of the global mining industry's revenue was spent on goods freight and transportation in 2017.

Research Strategy

After searching through various industry reports, databases, and market reports, your research team could not find the exact market size and market share of the mining segment of the trucking industry preexisting in the public domain.

However, we have triangulated a proxy for the market size and market share of the mining segment of the trucking industry using data points such as the global mining industry market size and spend on freight and transportation, the US mining industry market size, and trucking industry market share in the US freight and transportation industry, uncovered in reports by PwC, IBISWorld and the American Trucking Associations (ATA) respectively.

Outlined below are steps followed in the triangulating a proxy for the market size and market share of the mining segment of the trucking industry:
First, we determined the fraction of the global mining industry's revenue that was spent on freight and transportation to be 7.57% as follows:
Fraction of global mining industry's revenue spent on freight and transportation = spend on freight and transportation by global mining industry / global mining industry revenue * 100
The global mining industry's revenue in 2017 was $600 billion.
Spend on freight and transportation by the global mining industry was 10% of the industry's total operating cost ($454 billion), which is $45.4 billion ($454 billion * 0.1).
Fraction of global mining industry's revenue spent on freight and transportation = $45.4 billion / $600 billion * 100 = ~7.57%.

Next, we estimated the fraction of the US mining industry's revenue that was spent on freight and transportation in 2017 to be about $33.77 billion as shown below:
Since the US market accounted for approximately 74.35% ($446.1 billion/$600 billion * 100) of the total global mining industry ($600 billion), the bulk of the operating cost of the industry will also be incurred by the US market. Hence, we assumed that the US market expended a similar fraction (7.57%) of its revenue on freight and transportation in 2017 as the global industry. We then estimate the US mining industry spend on freight and transportation to be about $33.77 billion as outlined below:
US mining industry spend on freight and transportation = industry revenue * fraction of the industry's revenue expended on freight and transportation
US mining industry spend on freight and transportation = $446.1 billion * 0.0757 = $33.77 billion

Mining Segment of the US Trucking Industry Market Size Estimation

On the basis that the trucking industry in US accounted for 79.3% of the US freight and transportation industry revenue in 2017, we assumed the trucking industry in the US also account for similar share (79.3%) in the US mining industry spend on freight and transportation. Your research team estimated the mining segment market size of the US trucking industry to be approximately $26.78 billion using this formula, total spend on freight and transportation by the US mining industry * market share of the trucking industry in the US freight and transportation industry.
Market size of the mining segment of the US trucking industry = total spend on freight and transportation by the US mining industry * market share of the trucking industry in the US freight and transportation industry
Market size of the mining segment of the US trucking industry = $33.77 billion * 0.793 = $26.78 billion.

Mining Segment of the US Trucking Industry Market Share Estimation

The market share of the mining segment of the US trucking industry was determined using the formula:
Mining segment market share = mining segment market size / total trucking industry market size * 100
Mining segment market share = $26.78 billion / $700 billion * 100 = 3.83%.
Part
09
of nine
Part
09

US Trucking Industry - Other

The research team could not find other segments of the US trucking industry other than those already covered in previous requests; hence we could not also provide the market size and market share of the other segment of the US trucking industry. Included below are some helpful findings.

Helpful findings

  • In 2016 the US trucking market was estimated to be worth $700 billion, and the expected US trucking market value for 2020 is $834 billion.
  • Various segments of the market include full truckload (FTL), less-than-truckload (LTL), and couriers. Fleets in full truckload could either be private or for hire.
  • The US Postal Service, FedEx, and UPS dominate the courier sector in the United States; FedEx Freight is the largest LTL carrier, while J.B. Hunt is the largest FTL carrier in the United States.
  • Specialized carriers are those whose specificity in equipment or operating procedures depends on the goods hauled.
  • Steel, oversize or overweight goods, food products, construction materials, pieces of machinery, military equipment, bulk logistics, and hazardous materials are some of the products hauled by specialized carriers.
  • The most specialized type of carrier in this segment is the tank truck, and more than 70% of tank trucks haul hazardous materials and comes in either liquid or dry formats.
  • In 2018, trucking made up about 71.4% of the total domestic tonnage shipped with 11.49 billion tons of freight.
  • According to Statista, the US trucking industry was worth $796.7 billion in 2018.
  • A report by Reuters explains that the US trucking industry is to grow at a CAGR of 2.3% from 2019 to 2024.

Research Strategy

We began our search for the market size and market share of the segments of the US trucking industry other than those that have already been covered by looking through market reports from experts such as Mordor Intelligence, Market Research. We also searched through industry databases and media sources, such as the American Trucking Association, PR Newswire, Reuters, for market segmentation of the trucking industry in the US to find the market size and market share of segments not already covered in other requests. We found several reports that divided the trucking industry into sectors/segments such as the full truckload segment, less than truckload, courier, and so on. These broad divisions cover logistics, drayage, ports and intermodal, food and beverages, package delivery, construction, aviation, manufacturing/warehouse/distribution center, and mining. There was, however, no additional segments of the trucking industry found except sectors encompassing those already listed. The team found a report that promises to reveal a different sector with mentions of oil and gas; however, the information is contained in a paid report that sells for $250 to $425.

The team also tried to expand our scope to include reports beyond 24 months; yet, there was no pertinent data found as regards other segments of the trucking industry, market sizing, or market share.
Sources
Sources

From Part 04
Quotes
  • "rucking is responsible for most of the overland freight movement in the United States, with the market being worth 796.7 billion U.S. dollars in 2018. "
Quotes
  • "In 2020, the North American CEP market revenue is estimated to be to around 90 billion euros and is expected to increase at a compound annual growth rate of five percent between the period of 2015 to 2025."
Quotes
  • "That growth rate is expected to ease to 2.3 percent per year from 2019 through 2024, but offer little relief to shippers struggling through a U.S. trucking shortage, ATA Chief Economist Bob Costello said."
Quotes
  • "The rest of the market is comprised of “parcel” shipping at $49 billion, LTL (less than truckload) at $35 billion, and Air at $28 billion, making trucking one of the largest single industries in the country. "
From Part 05
Quotes
  • "The flatbed trailer is the next most common type (15% of tractors pulling), which is used to carry construction materials or large machinery, as the trailer does not have a side wall or ceiling. "
Quotes
  • "It is estimated that transportation costs accounts for 10-20% of construction costs."
Quotes
  • "Construction spending fell 0.6% in December 2018 to a seasonally adjusted annual rate of $1,297.7 billion, according to the latest report from the U.S. Census Bureau."
From Part 06
Quotes
  • "The rest of the market is comprised of “parcel” shipping at $49 billion, LTL (less than truckload) at $35 billion, and Air at $28 billion, making trucking one of the largest single industries in the country."
Quotes
  • "That growth rate is expected to ease to 2.3 percent per year from 2019 through 2024, but offer little relief to shippers struggling through a U.S. trucking shortage, ATA Chief Economist Bob Costello said."
From Part 07
Quotes
  • "LOS ANGELES (Reuters) - U.S. truck transportation volume will rise 4.2 percent in the United States in 2018, fueled in part by a manufacturing industry rebound and a healthy economy, according to a new forecast from the American Trucking Associations (ATA)."
Quotes
  • "Truck drivers haul a variety of goods with machinery, electronic and motorized vehicles making up 27 percent of goods shipped by truck drivers in America."
Quotes
  • "Today, the American Trucking Associations released the latest edition of its annual data compendium – ATA American Trucking Trends 2019 – which showed that the industry’s revenues jumped to $796.7 billion in 2018, up from $700.1 billion the previous year."
Quotes
  • "the ATA’s data really puts that into perspective, noting that total 2018 industry revenue rose 12.2%, from $700.1 billion in 2017 to $796.7 billion in 2018"
From Part 08
Quotes
  • "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"
Quotes
  • "The U.S. trucking industry generated more than $700 billion in revenue in 2017, accounting for 79.3 percent of overall U.S. freight revenue and 70.2 percent of tonnage."
  • "Total truck tonnage, including for-hire and private carrier operations, hit 10.8 billion tons in 2017, the highest on record, according to IHS Global Insight."