GITNUX MARKETDATA REPORT 2024

Us Freight Industry Statistics

The US freight industry is a vital component of the economy, with over 70% of domestic freight being transported by trucks and a total value of goods transported exceeding $1 trillion annually.

Statistic 1

"In 2020, the US freight and cargo industry contributed approximately 382.5 billion U.S. dollars to the Gross Domestic Product."

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Statistic 2

"Total U.S. tonnage is expected to increase by 40% by 2045 in the freight transportation industry."

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Statistic 3

"Trucks moved about 71.4% of the nation's freight by weight in 2020."

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Statistic 4

"According to the American Trucking Association, the trucking industry generated over $792.5 billion in revenue in 2019."

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Statistic 5

"In 2020, rail was the primary mode of transporting goods, moving more than a third of U.S. exports, carrying 16.5% of total freight tonnage."

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Statistic 6

"E-commerce is projected to grow by 300% from 2016 to 2026 in the freight industry."

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Statistic 7

"More than 10.5 billion tons of freight, worth about $11.6 trillion, was shipped within the United States in 2020."

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Statistic 8

"In 2021, there were more than 2 million tractor-trailer drivers transporting freight across the United States."

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Statistic 9

"Trucking employs over 7.95 million people in the United States in various roles."

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Statistic 10

"The U.S. freight railroad network is composed of 140,000 route miles across 49 states."

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Statistic 11

"In the U.S. freight industry, the average age of a commercial truck driver is 55 years old."

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Statistic 12

"The US trucking industry consumes nearly 40 billion gallons of diesel fuel per year."

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Statistic 13

"In 2019, air cargo represented only 0.2% of total freight ton-miles in the U.S, but contributed over $75.5 billion to the economy."

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Statistic 14

"Out of the major freight modes, rail was the most dependent on international trade in 2019, which made up 42% of its tonnage and 35% of the revenue."

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Statistic 15

"From 2003 to 2019, U.S. freight railroads reinvested nearly $740 billion, or about 26 percent of their operating revenues, back into their systems."

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Statistic 16

"Pipelines, alone, moved 16.7% of all freight, but only accounted for 9.9% of all freight transportation costs in 2019."

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Statistic 17

"Maritime cargo, which includes coastal, Great Lakes, noncontiguous, inland waterways, and deep-sea transport, moved 13.1% of all freight by weight in 2018."

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Statistic 18

"More than 4.2 million Class-8 (heavy) commercial trucks operate in the U.S., and more than 6.6 million trailers are in service."

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