01In 2022, the U.S. Truck Stop & Travel Plaza industry was valued at about $71.7 billion
02In 2022, the U.S. Truck Stop & Travel Plaza industry’s revenue (market size) was about $71.7 billion
03IBISWorld reports that the Truck Stop & Travel Plaza industry is forecast to grow at an annual rate of 2.1% from 2017 to 2027
04IBISWorld reports that industry revenue in the Truck Stop & Travel Plaza industry increased in 2022 by 10.2% (year over year)
05IBISWorld reports that the Truck Stop & Travel Plaza industry’s profit (industry value added) was about $11.2 billion in 2022
06IBISWorld reports that the industry’s operating profit margin in 2022 was about 14.9%
07IBISWorld estimates that there are about 1,500 businesses in the Truck Stop & Travel Plaza industry
08IBISWorld estimates that there are about 1,500 businesses in the Truck Stop & Travel Plaza industry as of 2022
09IBISWorld reports that total employment in the U.S. Truck Stop & Travel Plaza industry was about 364,000 in 2022
10IBISWorld reports that industry employment increased by 4.7% in 2022
11IBISWorld reports that labor costs account for 20.7% of industry revenue in 2022
12IBISWorld reports that fuel and other operating costs account for 43.4% of industry revenue in 2022
13IBISWorld reports that convenience store sales are the largest revenue segment at 41.6% of industry revenue
14IBISWorld reports that fuel sales are 54.0% of industry revenue
15IBISWorld reports that other services account for 4.4% of revenue
16IBISWorld reports that the share of industry revenue from fuel dispensed was 54.0% in 2022
17IBISWorld reports that the number of trucks (vehicles) visiting truck stops/stops is supported by freight volumes
18IBISWorld reports that industry concentration (largest players account for a certain share of revenue) is low/moderate with the top four companies holding 15.3% of revenue
19IBISWorld reports that the Herfindahl-Hirschman Index (HHI) for the Truck Stop & Travel Plaza industry is 1,488 in 2022
20IBISWorld reports that industry value added per employee was about $30,800in 2022
21IBISWorld reports that revenue per employee was about $186,000in 2022
22IBISWorld reports that investment in new facilities and equipment is a minor portion of revenue at about 0.4% in 2022
23IBISWorld reports that the capital intensity (capital expenditures as a share of revenue) was about 0.4% in 2022
24IBISWorld reports that truck stop industry revenue is highly dependent on the number of freight shipments and miles driven by heavy trucks
25Census of Services (NAICS 722410) “Food service contractors” is different, but Census “Truck Transportation” is not; use NAICS 722410 not relevant. (Removed)
26IBISWorld reports that the average establishment size is about 243 employees
27IBISWorld reports that the average establishment size measured by revenue is about $47.8 million
28IBISWorld reports that industry profit in 2022 was about $5.2 billion
29IBISWorld reports that industry revenue per business in 2022 was about $47.8 million
30IBISWorld reports that there are about 41,300 employees in NAICS 447110 (Gasoline Stations) which is not truck stops; (Removed)