ATA considers trucking industry as a fundamental of US economy
The latest edition of the ATA American Trucking Trends was unleashed by the American Trucking Association, which features trucking as a prevalent method of freight transit and also is considered as a fundamental constituent of the U.S economy.
ATA president, Bill Graves said that their magazine Trends is an exclusive and chief guide to the happenings and the figures of the trucking industry. The 2012 edition illustrates that the trucking industry is the impelling factor responsible for the progressing U.S economy. The fleet operators that are secure and dependable make it possible for the business to have their inventories on time and help save an exorbitant amount of money every year.
The information published in Trend Magazine is as follows:
- The number of people employed in the trucking industry is around 6.8 million, which includes three million drivers or more, and 4.6% are women drivers and 32.6% are minorities.
- The trucking industry is the ideal small business, where 90% of operators work on six or lesser trucks and 97.2% work on less than 20.
- In 2011, the trucking industry carried around $603.9 billion in freight which was greater than 80% of the revenue which weighed around 9.2 billion tones which is 67% of all the freight weight.
- In 2010,Class 6-8 trucks moved around 131.2 billion miles and other trucks not considering its size moved around 397.8 billion miles.
- In 2011, trucks utilized around 37.2 billion gallons of diesel.
ATA chief economist Bob Costello said that the latest publication of Trends made it apparent that after the Great Recession, the trucking industry endures to guide the economy into a greater level. The information published in Trends could provide as a guide for businesses in the nation as it would help the country to recover.