Midwest Inbound Transport
a Justesen Inc Company 

(651)-430-3300

HomeAbout UsContactIndustry FactsReferencesGet Set Up

****    Trucking Industry Facts    ****

Learn interesting facts about the trucking industry.

 

ALEXANDRIA, Va.--May 2, 2005:

The long-haul, heavy-duty truck transportation industry in the United States is experiencing a national shortage of 20,000 truck drivers, the American Trucking Associations

 
Wisconsin Motor Carriers Association April 21, 2005:

These are critical times for the trucking industry. Fuel costs have escalated and insurance costs remain extremely high. Truck drivers hauling hazardous materials are now required to be fingerprinted. We are probably one of the most regulated industries in the country, facing all of the general business regulations as well as trucking-specific requirements from the Federal Motor Carrier Safety Administration, the Environmental Protection Agency, and the Department of Agriculture. Finally we will have to cope with a whole new round of environmental regulations on fuel in 2006 and on diesel engines in 2007.   

 

Copyright © 2003 Online Truck & Freight - All rights reserved.
  • Employs over nine million people in jobs relating to trucking - more than the populations of 42 of the 50 United States.
  • Had 1996 annual revenues equal to nearly five percent of the gross domestic product - a total of $346 billion.
  • Comprise over 400,000 companies.
  • Businesses choose trucks for 82 cents out of every dollar they spend on shipping. By weight, trucks carry 60 percent of all freight - 6.5 billion tons in 1996.
  • Truck drivers keep the shelves of our local supermarkets fully stocked.
  • Truck drivers deliver blood, medicine and diagnostic equipment to hospitals and clinics.
  • Truck drivers are a vital chain in the link that brings the newspaper to your front door every morning.
  • Truck drivers ensure that raw materials and intermediate products for cars, trucks, appliances and other important consumer goods are delivered to the assembly lien safely and on time. And they deliver the finished product to stores for you to purchase. In short, trucking delivers America.
FINANCIAL HEALTH OF THE INDUSTRY: 

According to ATA’s Advanced Adjusted Truck Tonnage Index, freight for January of 2005 increased 3.4% over December of 2004. Furthermore, truck tonnage in 2004 grew 5.7% compared with 2003. 

  It should be kept in mind, however, that costs (particularly the cost of insurance and the price of fuel) remain high. These increased costs are difficult to absorb because profit margins in the trucking industry are very thin.  As an example, according to the ATA, even though net profit margin rose improved in 2003 compared to 2002, it still only increased to 2.4%.

U.S. retail sales of Class 8 (heavy duty) trucks jumped 22.4% in March from a year earlier. That gain came on the heels of a 42% surge in February. According to R.L. Polk and Company new trailer registrations increased by 18.5% in 2004 from 2003 levels.

 

Did You Know:

 

Online Truck & Freight:

The average tax applied to a truck for traveling a mile on a road is close to 20 cents. So, a 1,000- mile trip will cost a truck 200 US dollars in tax alone.  Tolls on some of America's highways have been raised also.   It now costs a truck 30 US dollars to cross New York City's George Washington Bridge.

 


Midwest Inbound Transport
PO Box 41
Stillwater, MN  55082
phone (651) 430-3300
fax (651) 430-9388


© 1996 All pages and information therein are the sole property of Justesen Inc all rights reserved.  No copying or use of information without expressed written permission.