Sep 11, 2024
American Trucking Trends is the singularly important guide to economic trends and other topics in the trucking and transportation industry. Trends is an invaluable resource for anyone seeking an unparalleled look under the hood of the economy’s leading mover of freight. Trucking industry decision-makers rely on Trends to provide data on current market conditions, such as: trucking revenues, truck freight tonnage, employment trends, safety issues, diesel fuel price trends, domestic and international trade, taxes paid by the industry, and the environment.
Among the key findings in this year’s report:
- Preliminary figures indicate that trucks moved 11.18 billion tons of freight in 2023, down from the 11.46 billion tons hauled the previous year.
- Preliminary figures indicate that the industry saw revenues grow to $987 billion, up from $940.8 billion in 2022.
- Trucking employed 8.5 million people in industry-related jobs, including 3.55 million professional drivers in 2023.
- The industry remains one made up of small businesses, with 95.5% of carriers operating 10 or fewer trucks and 99.6% operating fewer than 100 power units.
- Cross-border trade remained a robust source of freight for motor carriers, with trucks moving 66.5% of surface trade between the US and Canada, and 84.5% of goods across the Mexican border in 2023.
This year’s version of Trends also includes important data about household goods movements, the broader macroeconomy and more.