US trucking industry tops €600 billion: ATA

The American Trucking Associations recently released the latest edition of its annual compendium of trucking industry data, highlighting an annual revenue of €602.2 billion in 2017.

ATA American Trucking Trends 2018 confirms the industry's dominance over the US freight market.

“Information, when presented properly and accurately, tells a story,” said ATA President and CEO, Chris Spear. “The information in these pages highlights exactly what I tell elected officials, regulators and key decision-makers every day: trucking is literally the driving force behind our great economy. Safe, reliable and efficient motor carriers enable businesses throughout the supply chain to maintain lean inventories, thereby saving the economy billions of dollars each year.”

According to the report findings: trucks moved 10.77 billion tonnes of freight, 70.2 per cent of all domestic freight tonnage; the industry moved 69.1 per cent of all trade between the US and Mexico, 57.7 per cent of Canada-US trade; approximately 7.7 million people were employed in jobs related to trucking activity, including 3.5 million drivers; of those 3.5 million drivers, there were 1.7 million heavy tractor-trailer drivers. Minorities account for 40.6 per cent of all drivers and 6.2 per cent of truck drivers are women.

“Trucking is a critical part of the economy and the supply chain,” said ATA Chief Economist, Bob Costello. “Trends allows policymakers and business leaders to see just how big that impact is while debating key issues like trade, infrastructure investment, workforce development and tax policy.”

(Image: ATA President and CEO, Chris Spear.)

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