Dispatch: The future of light hauling industry
Light Haul Industry Facts
Trucking Statistics
- Trucking (for-hire and in-house) contributed $389.3 billion (1.64 percent) to the US GDP.
- $40 billion dollars was generated by the Commercial Asphalting industry alone in 2019
- 8.4 million people employed throughout the economy in jobs that relate to trucking activity in 2022, excluding the self-employed.
- 3.54 million truck drivers employed in 2022 (an increase of 1.5% from 2021).
- There were 475,371 for-hire truck carriers as of July 2023.
- 200,000 operating businesses in asphalt industry alone
Growth
- The trucking industry market size is expected to grow at a 3.0% CAGR through 2027
- Trucking’s revenues will grow from $1.01 trillion in 2023 to $1.51 trillion in 2034, which will account for 78.8% of the freight market.
- Additionally, truck driver jobs are expected to grow 6% through 2030
- Truck tonnage will grow to 14.2 billion tons by the year 2034, securing the industry’s position as the dominant mover of goods in the United States.