Trucking Did Nearly $8 BILLION in Revenue in 2019, 97% of Fleets Are 20 Trucks or Fewer
Alexandria, VA – A new report by the American Trucking Associations (ATA) finds the trucking industry generated nearly $8 billion in revenue last year and is overwhelmingly comprised by small fleets.
On Monday, the ATA released the 2020 edition of its annual American Trucking Trends report.
According to the report, the trucking industry generated $791.7 billion in revenue in 2019 and moved 11.84 billion tons of freight.
Trucking’s revenues accounted for 80.4 percent of the nation’s total freight bill.
Trucks also moved 67.7 percent of surface freight between the U.S. and Canada and 83.1 percent of cross-border trade with Mexico, for a total of $772 billion worth of goods, the report found.
Another key finding of the report showed that the overwhelming majority of motor carriers operate 20 trucks or fewer.
To be precise, 97.4 percent operate 20 or fewer, while 91.3 percent of fleets operate six or fewer trucks.
Many small business truckers have long expressed frustration that America’s political leaders and regulators fail to adequately recognize this reality and make policy accordingly.
The report also outlines the changing demographics within the trucking industry.
A total of 41.5 percent of America’s 3.6 million truck drivers are now minorities, ATA found.
Women still only make up 6.7 percent of the professional driving workforce despite the industry’s focus on recruiting and retaining women over the last decade.
The report reveals 7.95 million were employed in trucking-related jobs last year which was up 140,000 from the previous year.