The American Trucking Associations has released the latest edition of its almanac of trucking, ATA American Trucking Trends 2016, which showcases industry trends over the last decade.
The new report reveals that trucking last year posted gains in employment, number of truck drivers, and truck sales. Trucking revenues in 2015 also set a new record high for the industry.
“In many ways, 2015 was a good year for our industry, and Trends clearly demonstrates that,” said Chris Spear, ATA president and CEO. “Trends provides indispensable information to trucking companies, industry suppliers, logistics providers, analysts, public policy decision makers, investors and many others. Information that is crucial to making sound decisions about the future.”
In the new edition of Trucking Trends, ATA found that trucking collected a record $726.4 billion in gross freight revenues, or 81.5% of the nation’s freight bill in 2015. Trucks carried 10.49 tons of freight in 2015, accounting for 70.1% of domestic freight tonnage. The report also found that 3.63 million Class 8 trucks are in operation.
“According to our data, trucking revenues topped $700 billion for a second straight year, setting an all-time record of $726.4 billion in 2015, while trucks moved more than 10 billion tons of freight,” said Bob Costello, ATA chief economist.
“While the first half of 2016 has been challenging for the industry, trucking is coming off two very strong years and we are optimistic about the future," he added.
The American Trucking Trends 2016 report also includes data on key points like the amount of taxes the industry paid, the number of miles combination trucks traveled and what fuel they consumed, key employment data, and the number of trucking companies by company size.