Trucking revenues top $700 billion for the first time, according to report

Last year, the trucking industry generated $700.4 billion in revenue, according to data published in the American Trucking Associations’ (ATA) latest edition of American Trucking Trends. The ATA says this makes 2014 the first year in history the industry topped $700 billion in total revenue.

The ATA releases Trends annually. It is a compendium of data on the trucking industry’s size and performance. Among the findings in this year’s edition are:

• In 2014, trucks moved 9.96 billion tons, or 68.8 percent of all domestic freight.
• The $700.4 billion in revenue accounted for 80.3 percent of all freight transportation spending.
• Trucking employed more than 7 million people, including 3.4 million drivers.
• Combination trucks logged 168.4 billion miles in 2013, or an average of 69,000 per truck.
• Since Deregulation, the number of registered motor carriers has grown by 68 times to more than 1.3 million carriers.
• Commercial trucks paid $16.5 billion in federal highway user fees in 2013.