The American Trucking Associations recently released the latest edition of its annual data compendium, ATA American Trucking Trends 2019, which shows the industry’s revenues jumped to $796.7 billion in 2018.
That’s nearly a $100 billion increase from the previous year, when the industry generated $700.1 billion in revenue, ATA said.
“2018 was a year of dynamic growth for the trucking industry,” said Bob Costello, ATA’s chief economist. “Trends is a simple, one-stop resource to see where our industry is so executives and policymakers can make informed decisions about where it is going.”
Among the other findings in Trends:
- In 2018, trucks moved 11.49 billion tons of freight, 71.4% of the nation’s tonnage freight.
- Trucking’s revenues accounted for 80.3% of the nation’s freight bill.
- Trade, especially with Mexico and Canada, is very important to trucking. Trucks moved 67.4% of surface freight between the US and Canada—up 3.6% in 2018—and 83.5% of cross-border trade with Mexico, up 10.2% from the previous year.
- There are 7.8 million people employed in trucking-related jobs, up 100,000 from the previous year. This includes 3.5 million professional drivers.
- Women make up 6.6% of the industry’s drivers and minorities account for 40.4% of truckers.
- Most carriers are small companies—91.3% of fleets operate six or fewer trucks and 97.4% operate 20 or fewer.
“ATA believes good decisions are based on good data, and Trends is full of strong data, which is why it finds a home on the desks of elected officials, regulators and executives across the supply chain,” said Chris Spear, ATA’s president and CEO.
The report is indispensable for use by trucking companies, industry suppliers, logistics providers, analysts, public policy decision makers and many others.
ATA American Trucking Trends 2019 is on sale now at ATA Business Solutions. To purchase a copy, visit atabusinesssolutions.com/ata-store/productdetails/productid/4387042.