According to the latest reports coming from the American Trucking Associations, trucking is still the dominant method of transporting freight in the US. The report released by the Association is entitled Trends and it is a way in which to understand elements that are shaping the industry as well as providing information on key issues in the transportation and trucking industries.
Trucking Issues Tracked by the American Trucking Associations
To say that the trucking industry is huge in the United States is an understatement. Since truckers are responsible for the safe delivery of literally every type of product from perishables to heavy equipment, there are sure to be ‘issues’ which the Associations need to keep current on. They look at everything from the quality and safety of dock boards to the transportation of hazardous materials.
Some of the key areas in which they keep abreast of issues include:
- Highway Funding and Infrastructure
- Cross Border Transport
- Agriculture / Food
- Hazardous Materials
- Regional Carriers
- Government Traffic
- Risk Management
And, the list goes on from there. All these types of issues are analyzed when compiling the Trends report. As one of the major industries impacting the US economy, all issues which could affect it are noteworthy and so included in their final analysis.
Key Statistics in the 2015 Report
In an effort to provide data on the industry’s performance and size, the American Trucking Associations compiles data annually. However, although the report was just released in 2015, it needs to be understood that the data reflects facts and figures for the 2014 calendar year that took months to gather and analyze. Following are some of the key findings of this year’s report.
- 7+ million workers were employed in the trucking industry in 2014, of which 3.4 million were drivers.
- The total amount of revenue in 2014 was $700.4 billion. This was just over 80% of all spending on freight transportation.
- Almost 10 billion tons of goods were moved during 2014 which accounts for a total of 68.8% of the total domestic freight being transported.
- The previous year, 2013, miles logged by combination trucks totaled 168.4 billion miles which works out to an average of 69,000 miles per truck.
- $16.5 billion was paid by commercial trucks in user fees to federal highways, this in 2013 as well.
- The total number of motor carriers registered since the Federal Government deregulated the industry grew 68 times. This has put the number of motor carriers currently registered at a figure somewhere around 1.3 million.
One point of interest is that all eyes are on trucking when there appears to be a lag in the economy because this is one of the first places a slowdown in consumer spending is noticed. If consumers aren’t buying, nothing is shipped so the Trends report is of interest to more than just the trucking industry. At the moment the news looks good but all eyes are still on the road to see what the future has in store.