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American Trucking Industry Statistics For 2020

TRUCKING INDUSTRY STATISTICS FOR 2020 LARGEST FACTORS AFFECTING 2020 FREIGHT OUTLOOK Increased Regulations and Guidelines Artificial Intelligence Driver Training Standards Tariffs Restart and Break Rules Freight Transparency Drivers Tough to Hire, Keep Trucking Insurance Costs on the Rise New Technology and the ELD Mandate Diesel Price Volatility 2019's lessened shipping volume have driven down freight rates to combat falling demand thus cutting into many carriers' revenue stream. But with trade negotiations resuming and mildly progressing between the US and China, some relief could be on the way for the industry toward the latter half of 2020. FACTS ABOUT THE FREIGHT & TRUCKING MARKET FOR 2020 Winter storms have caused road closures According to data from FreightWaves, "Outbound tender rejections have been on a winning streak for five straight weeks. Currently, OTRI sits at and transit delays along I-80 4.25% the highest level it has reached in 2019. and throughout the Northwest in general. Carriers are starting to send their drivers along the Southern route to the West Coast to avoid bad weather; adding miles and increasing rates for shippers slightly on long hauls. This represents a 170% increase in the national tender rejection rate over the past seven weeks since Nov. 1." Shippers appear to have a backlog of freight due to the seasonal rush and as a result capacity has shrunk, driving up rates. We expect that to return to normal in a few weeks, but for the time being, shippers can expect to pay more for freight moving out of Florida, Texas, and Georgia. In the Southeast, as well as the remainder of the country, reefer capacity continues to be strained. This has driven up refrigerated rates across the board as more shippers require protect from freeze through the winter months. MUST-KNOW STATISTICS THE JOB PERCENTAGE BIGGEST EMPLOYER The trucking industry takes up a notable chunk of the U.S employee Walmart currently stands as a company that has the most number of hired market with more than 5.8% truckers, standing at 8,600 of jobs in the country being related to the trucking industry. PREFERRED FORM OF TRANSPORTATION JOB DIVERSITY TOTAL WEIGHT CARRIED In the United States, The trucking industry has an incredible amount of diversity with more than trucks carried Almost 70% of the goods transported in the country are carried around by trucks from one state to approximately 10.8 billion 40% tons of goods across the country. of the jobs being held by people belonging to minorities. the other. AMERICAN FREIGHT INC Sources htm

American Trucking Industry Statistics For 2020

shared by billytrail on Mar 17
The American trucking industry plays an important role in the American and world economy. The free flow of goods and services is critical to our economic success. The success of the trade agreement wi...




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