By James Jaillet, CCJ News, May 12, 2015
The trucking industry brought in $700.4 billion in revenue in 2014, according to a report released this week by the American Trucking Associations. That’s the highest total revenue in history for the industry and the first time surpassing the $700 billion mark, ATA says.
The combination of a significant jump in freight volume in the year and tightening capacity spurred the revenue uptick, says ATA Chief Economist Bob Costello.
ATA’s report, its annual American Trucking Trends, also showed the trucking industry moved 68.8 percent of all domestic freight, or 9.96 billion tons, in 2014.
And the $700.4 billion in revenue accounted for 80.3 percent of all freight transportation spending, ATA says.
ATA also released these short infographics with its report:
– The average combination truck drove 69,000 miles in 2013.
– Trucking generated $700 Billion in revenue in 2014.
– Trucks moved 9.96 billion tons of freight in 2014.
