Regardless of challenges, trucking income, tonnage, employment all grew in 2022

A brand new report exhibits trucking prospered throughout 2022.

Vehicles moved greater than 11.4 billion tons of freight final yr, producing greater than $940 billion, each will increase from the earlier yr, in line with the most recent version of American Trucking Associations’ American Trucking Tendencies 2023.

“Whereas 2022 was a difficult yr for trucking in lots of respects, the {industry} nonetheless posted development in income, tonnage, employment and a number of other different measures,” mentioned ATA Chief Economist Bob Costello. “As well as, by share of freight income and tonnage, trucking remained by far the dominant mode of transportation within the nation.”

Among the many findings in Tendencies, in 2022:

• Vehicles moved 11.46 billion tons of freight – up from 10.93 billion tons the earlier yr

• The {industry} collected 80.7% of the nation’s freight invoice – producing $940.8 billion

• Trucking employed 8.4 million folks in industry-related jobs, up 405,000 from the earlier yr, together with 3.54 million skilled truck drivers

• Girls made up 8.1% of the nation’s drivers – an all-time excessive and the seventh straight annual improve

• Tendencies detailed the racial/ethnic background of drivers, with 18.3% of drivers figuring out as Black, 4% as Asian and 23.3% as Hispanic or Latino

• Trucking stays a small enterprise {industry}: 95.8% of fleets function 10 or fewer vehicles, and 99.7% function 100 or fewer

• Vehicles moved 61.9% of the worth of floor commerce between the U.S. and Canada and 83.5% of cross-border commerce with Mexico, for a complete of $947.92 billion value of products

“As authorities and enterprise leaders make decisions that decide the trajectory of our economic system, the information present in these pages will help drive these choices – that’s why Tendencies has a spot on probably the most influential desks, offering actional insights to elected officers, regulators, {industry} insiders, and financial analysts,” mentioned ATA President and CEO Chris Spear. “That is your information to an {industry} that embodies the true which means of important.”