Trucking Revenues Increase in First Half of 2013
September 05, 2013
A new government report shows revenue in the trucking business increased 1.5% in the first six months of the year in the United States compared to the same time in 2012.
Photo: Evan Lockridge
The U.S. Commerce Department says it totaled $113.9 billion in the for-hire sector compared to $112.1 billion.
General freight trucking posted a 4.7% gain during the period with revenue totaling $79.2 billion while long-distance general freight trucking moved 5.9% higher to $68.5 billion. In contrast, specialized freight trucking recorded a 5% decline to $34.7 billion.
When the second quarter is compared to the first quarter of the year, total truck transportation posted a bigger gain of 9.2%, totaling $54.4 billion, while general freight trucking jumped 6.9%, along with long-distance general freight trucking increasing 7.3% and specialized freight trucking adding 14.9%.
Performance in each of these sectors was not as healthy when the second quarter of the year is compared to the second quarter of 2012 with total truck transportation moving 2.3% higher, general freight trucking adding 4.8%, long-distance general freight trucking increasing 6.2% and specialized freight trucking declining 2.9%.
It’s estimated revenue in the total U.S. transportation and warehousing business in the second quarter of the year amounted to $204.3 billion, 7.7% higher when compared to the first quarter of the year and 3.1% greater when compared to the second quarter of 2012.