How Big Is The Trucking Industry? Almost $1 Billion In The U.S.

To transfer products over long distances, semi-trailers and light vehicles are used in the trucking sector. However, there are several more typical applications for transportation, including the transfer of construction supplies and trash in the construction sector. Overland freight transportation in the United States is dominated by trucking, with a market value of 732.3 billion U.S. dollars in 2020. 

At that time, the number of truck drivers working in the United States was below the industry’s minimum need of 902,002. Driver expenses are the industry’s most pressing issue due to the current driver scarcity. Full truckload (FTL), less-than-truckload (LTL), and couriers are the three primary segments of the U.S. trucking business.

The Trucking Industry Statistics

Being at the top of the heap has long been seen as a badge of honor when it comes to the United States. Being the biggest has always been essential to us, right or not. Everything from the tallest building to the quickest automobile to the largest pizza is noteworthy these days, and it’s hard to disagree with that sentiment. 

Although the trucking sector has never been one to brag about its accomplishments, it has grown to be one of the country’s biggest and most important employers. We should all be aware of exactly how huge it is in an honest view. It’s impossible to comprehend when it comes to America’s trucking industry. When we wrote about life in America without trucks in a previous piece, we included a few pieces of data. 

The trucking industry in the United States is vital to the country’s economy. Nearly every product purchased in the United States is transported by truck. Trucking was responsible for 72.5 percent of all cargo moved across the United States last year, which amounted to 11.84 billion tons. During that year, the trucking industry accounted for 80.4 percent of the nation’s total freight bill.

The statistics of the trucking industry are stated below:

  • Annual sales of $255,5 billion
  • Each year, trailers worth $280 million are bought and sold.
  • Total annual fuel consumption of 53.9 billion gallons is used to transport 671 billion dollars worth of goods, while 21.4 billion dollars worth of tolls and road use costs are incurred each year.
  • Over 432.9 billion miles of roadways in the United States are traveled, 139.3 of which are driven by class 8 vehicles (tractor-trailers)
  • There are 15.5 million trucks and 2 million tractor-trailers on the road, with 8.9 million trucking personnel, including 3.5 million truck drivers.
  • In the United States, there are over 500,000 trucking businesses.