The trucking industry is an important part of the U.S. economy, with over 3.5 million truck drivers and more than 10 million trucks on the road. It’s no surprise, then, that the industry is constantly evolving and growing. In this blog post, we’ll take a look at some of the most interesting trucking industry statistics and trends that are impacting the industry today.
We’ll explore the size and scope of the industry, the number of drivers, the types of freight being transported, and the impact of technology on the industry. We’ll also discuss the challenges facing the industry, such as driver shortages, rising costs, and the need for more efficient operations. Finally, we’ll look at the future of the trucking industry and how it may continue to evolve in the years to come. So, let’s get started.
Trucking Industry: The Most Important Statistics
91.3% of fleets operate six or fewer trucks and 97.4% operate 20 or fewer, meaning most carriers are small companies. 7.95 million people are employed in trucking-related jobs, including 3.6 million professional drivers.
The global lift truck market declined by 12.5% in 2020, but is projected to grow at a CAGR of 4.3% from 2021-2028, with Toyota Industries and Kion as the top two suppliers, holding 28.44% and 13.78% market share respectively.
Trucking Industry Statistics Overview
Truck drivers in the US earned an average of 22.97 USD per hour in 2020, an increase from 21.84 USD in 2019.
Despite economic uncertainty, truck drivers are thus still being compensated fairly for their work.
UPS Supply Chain Solutions was the leading logistics company in the United States in 2021, generating seven billion U.S. dollars in net revenue in North America. The number of truck drivers in Canada’s trucking industry has increased from 300,000 in 2020 to 324,200 in 2021.
The trucking industry in Canada is growing and there is an increasing demand for truck drivers. This could be due to the increased demand for goods and services, as well as the need for more efficient transportation of goods. Therefore, it is important to have accurate and up-to-date statistics in order to understand the current state of the industry and plan for the future.
91.3% of fleets operate six or fewer trucks and 97.4% operate 20 or fewer, meaning most carriers are small companies. 7.95 million people are employed in trucking-related jobs, including 3.6 million professional drivers.
Also, the trucking industry is largely composed of small companies, and there has been a significant increase in employment in the industry over the past year. This suggests that the industry is growing and could be a good opportunity for those looking for employment.
Truck production in Turkey is expected to decline over the next 5 years, with Mercedez-Benz Türkiye having the largest production capacity at 22 thousand units in 2022.
This provides insight into the production capacity of Mercedez-Benz Türkiye, which can be used to gauge the company’s potential market share in the industry.
In 2022, Japan produced 1.18 million trucks, an increase from the previous year, which are classified by engine displacement.
The classification of trucks by engine displacement provides insight into the types of trucks being produced, which can be used to inform decisions about production and design.
The global lift truck market declined by 12.5% in 2020, but is projected to grow at a CAGR of 4.3% from 2021-2028, with Toyota Industries and Kion as the top two suppliers, holding 28.44% and 13.78% market share respectively.
Toyota Motor Corporation’s net revenue rose by over 15% year-on-year, to just under 31.4 trillion Japanese yen in the fiscal year ended March 2022, which is approximately equal to 257 billion U.S. dollars.
This shows the resilience of Toyota Motor Corporation in the face of the Coronavirus pandemic, which affected much of the previous fiscal year’s business activity. The company was able to successfully navigate the pandemic and continue to grow its revenue, which is a positive sign for the trucking industry.
Mullen Group’s revenue from truckload services in North America increased by 48.4% from 2020 to 2021, reaching $1 billion.
It proves that the trucking industry is continuing to expand, which is a positive sign for the industry as a whole.
Revenue from rental and leasing of trucks in France is projected to reach 2,798 million U.S. dollars by 2022.
The growth of the trucking industry in France is a key indicator of the industry’s overall performance. It highlights the capital requirements needed to operate a successful trucking business, which is essential for understanding the financial implications of the industry.
The trucking industry generated approximately $791.7 billion in revenue in 2019.
This serves as a reminder of the industry’s immense economic impact, and its importance to the global economy. It also highlights the industry’s potential for growth, and the opportunities it presents for businesses and individuals alike.
In the United States, trucks move around 71% of all freight.
The trucking industry is a major player in the transportation of goods, and that it plays a vital role in the economy. It also highlights the need for efficient and reliable trucking services, as well as the need for continued investment in the industry.
There are about 15.5 million trucks in operation in the United States.
Trucking is a major part of the American economy, and that it plays an important role in the transportation of goods and services. It also highlights the importance of the trucking industry in providing jobs and economic opportunities for millions of people.
In 2020, 7.9 million truck drivers are employed in the United States trucking industry.
This demonstrates the sheer number of people employed in the industry, and the importance of trucking to the US economy. It also highlights the need for continued investment in the industry, in order to ensure that it remains a viable and profitable sector. This statistic is a key piece of evidence in any discussion of the trucking industry, and its importance cannot be overstated.
About 91% of the trucking industry businesses operate with six or fewer trucks.
The majority of businesses in the trucking industry are small operations, with six or fewer trucks. This is significant because it highlights the importance of small businesses in the trucking industry, and the need for them to be supported and protected.
In 2022, the average annual truck driver salary is around $45,260.
Truck drivers are being compensated fairly for their hard work and dedication, and that the industry is continuing to grow and provide good job opportunities. This is important information for anyone considering a career in trucking, as it provides an idea of the potential salary they could expect to earn. Additionally, it is a useful data point for employers to consider when setting wages for their truck drivers.
Trucking Industry contributes 6% to global greenhouse gas emissions every year.
This highlights the need for the industry to take steps to reduce its emissions and become more sustainable. It also serves as a call to action for other industries to follow suit and reduce their own emissions. This statistic is a powerful reminder that the Trucking Industry has a responsibility to the planet and its inhabitants to reduce its emissions and become more sustainable.
Approximately 27% of trucking companies use some form of telematics technology.
A significant portion of trucking companies are taking advantage of the benefits that telematics technology can provide, such as improved efficiency, better safety, and cost savings. This is an important trend that should be noted in any discussion of the trucking industry.
Trucking Industry faces a driver shortage of percentage close to 59%.
With the demand for goods and services continuing to rise, the need for truck drivers to transport these items is becoming increasingly urgent. This shortage of drivers could lead to delays in deliveries, higher costs, and a decrease in customer satisfaction. It is essential that the trucking industry takes steps to address this issue in order to ensure the continued success of the industry.
The average truck driver on long hauls drives around 100,000 miles per year.
This statistic is a testament to the hard work and dedication of truck drivers, who are often on the road for long periods of time. It highlights the sheer amount of miles that truck drivers cover in a year, and the dedication they have to their job. It also serves as a reminder of the importance of the trucking industry, and how it is essential to the economy.
Trucking industry total operating costs were $1.2 trillion in 2018.
This demonstrates the sheer magnitude of the costs associated with operating a trucking business, and the importance of the industry to the global economy. It also serves as a reminder of the need for efficient and cost-effective solutions to ensure the industry remains competitive and profitable.
The trucking industry’s combined fuel efficiency was an average of 6.5 miles per gallon in 2019.
By measuring the average miles per gallon, we can get a better understanding of how the industry is doing in terms of fuel efficiency and how it is impacting the environment. This statistic is especially important in the context of a blog post about trucking industry statistics, as it provides a valuable insight into the industry’s progress in terms of fuel efficiency.
Around 82% of American adults have ordered at least one product online and had it shipped by a truck.
The vast majority of American adults rely on trucking to get their online orders delivered to them. This highlights the critical role that trucking plays in the economy, and how it is essential for the smooth functioning of the e-commerce industry.
E-commerce in 2020 accounted for nearly 16.1% of total sales of $710 billion in trucking industry revenue.
This statistic highlights the importance of embracing technology and digital solutions in order to remain competitive and capitalize on the growing demand for online shopping. It also serves as a reminder of the need for trucking companies to invest in digital infrastructure and services in order to stay ahead of the curve.
In 2019, large articulated trucks contributed to 4% of total U.S. highway fatalities.
Despite making up a relatively small portion of vehicles on the road, large articulated trucks are still responsible for a significant number of highway fatalities. This is an important statistic to consider when discussing the trucking industry, as it serves as a reminder of the need for increased safety measures and regulations.
Conclusion
The trucking industry is a vital part of the US economy and is expected to continue to grow in the future. With the increasing demand for goods and services, the trucking industry is expected to continue to be a major player in the transportation of goods.
It is also expected to be impacted by the changing regulations and technology, as well as the increasing cost of fuel. The trucking industry is an important part of the US economy and its future is bright. With the right strategies and investments, the trucking industry will continue to be a major contributor to the US economy for many years to come.
References
1 – https://www.statista.com/statistics/916149/freight-trucking-driver-benefits-costs-per-hour-us/
2 – https://www.statista.com/statistics/184538/20-leading-us-logistics-companies-by-net-revenue/
3 – https://www.statista.com/statistics/947317/canadian-trucking-industry-total-drivers/
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5 – https://www.statista.com/statistics/1367747/turkey-production-capacity-of-trucks-by-company/
6 – https://www.statista.com/statistics/675272/japan-truck-production/
7 – https://www.statista.com/statistics/262114/market-share-of-leading-lift-truck-suppliers-worldwide/
8 – https://www.statista.com/statistics/262752/total-net-revenues-of-toyota/
9 – https://www.statista.com/statistics/947758/mullen-group-trucking-revenue/
10 – https://www.statista.com/forecasts/391722/rental-and-leasing-of-trucks-revenue-in-france
11 – https://www.businessinsider.com
12 – https://www.marketwatch.com
13 – https://www.pewresearch.org
14 – https://www.census.gov
15 – https://www.bls.gov
16 – https://www.trucking.com
17 – https://www.bettertransport.org.uk
18 – https://nacfe.org
19 – https://www.statista.com
20 – https://www.trucking.org
21 – https://www.truckinfo.net
22 – https://www.softwareadvice.com
