Industry

Trucking

The trucking industry involves the transportation of goods and materials over land using trucks and other large vehicles. It is a vital component of the economy, as it is responsible for moving goods between manufacturers, distributors, and retailers. The industry employs millions of people worldwide and generates billions of dollars in revenue each year. However, it also faces challenges such as driver shortages, high operating costs, and regulatory issues. The industry is evolving with advancements in technology, including the use of autonomous trucks and the implementation of electronic logging devices.

Here are some key statistics and demographics related to the trucking industry:

  1. According to the American Trucking Associations (ATA), the trucking industry in the United States generated $791.7 billion in revenue in 2019.
  2. The industry employs approximately 3.6 million drivers in the U.S., making it one of the largest employers in the country.
  3. The average age of a commercial truck driver is 46 years old, and only about 6% of drivers are under the age of 25.
  4. The industry is predominantly male, with only about 6% of drivers being female.
  5. In the U.S., long-haul truck drivers can spend up to 11 hours per day driving and are required to take a 30-minute break after 8 hours of driving.
  6. The trucking industry faces a shortage of qualified drivers, with an estimated 60,000 driver positions unfilled in the U.S. as of 2021.
  7. Trucking is the primary mode of freight transportation in the U.S., accounting for about 72% of all freight tonnage moved in the country.
Top Companies
  • Old Dominion Freight Line
  • TFI International
  • Knight-Swift
  • Saia
  • Schneider National
  • Werner Enterprises
  • RXO
  • ArcBest
  • Yellow Corporation
  • Heartland Express
  • Universal Logistics
  • Marten Transport

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Price Economics Jonathan Poland

Price Economics

Price economics, also known as pricing strategy, is the study of how businesses determine the price of their products and…

Market Entry Strategy Jonathan Poland

Market Entry Strategy

A market entry strategy is a plan for introducing products and services to a new market. This can provide an…

First-mover Advantage Jonathan Poland

First-mover Advantage

First-mover advantage refers to the competitive advantage that a company can gain by being the first to enter a new…

Research Types Jonathan Poland

Research Types

Research is the process of systematically seeking and interpreting knowledge through inquiry, observation, experimentation, and analysis. It is a way…

What is Throughput? Jonathan Poland

What is Throughput?

Throughput is a term used in business and engineering to refer to the rate at which a system or process…

Systems Theory Jonathan Poland

Systems Theory

Systems theory is a field of study that focuses on the ways in which independent components or elements interact and…

Public Capital Jonathan Poland

Public Capital

Public capital refers to the physical and intangible assets owned and managed by the government for the benefit of society.…

Conformance Quality Jonathan Poland

Conformance Quality

Conformance quality refers to the production of products and delivery of services that meet specified standards or requirements. It is…

Pricing Strategies Jonathan Poland

Pricing Strategies

Pricing strategy involves deciding on the right prices for a company’s products or services in order to achieve specific business…