A new report shows trucking prospered during 2022.
Trucks moved more than 11.4 billion tons of freight last year, generating more than $940 billion, both increases from the previous year, according to the latest edition of American Trucking Associations’ American Trucking Trends 2023.
“While 2022 was a challenging year for trucking in many respects, the industry still posted growth in revenue, tonnage, employment and several other measures,” said ATA Chief Economist Bob Costello. “In addition, by share of freight revenue and tonnage, trucking remained by far the dominant mode of transportation in the country.”
Among the findings in Trends, in 2022:
- Trucks moved 11.46 billion tons of freight – up from 10.93 billion tons the previous year
- The industry collected 80.7% of the nation’s freight bill – generating $940.8 billion
- Trucking employed 8.4 million people in industry-related jobs, up 405,000 from the previous year, including 3.54 million professional truck drivers
- Women made up 8.1% of the nation’s drivers – an all-time high and the seventh straight annual increase
- Trends detailed the racial/ethnic background of drivers, with 18.3% of drivers identifying as Black, 4% as Asian and 23.3% as Hispanic or Latino
- Trucking remains a small business industry: 95.8% of fleets operate 10 or fewer trucks, and 99.7% operate 100 or fewer
- Trucks moved 61.9% of the value of surface trade between the U.S. and Canada and 83.5% of cross-border trade with Mexico, for a total of $947.92 billion worth of goods
“As government and business leaders make choices that determine the trajectory of our economy, the data found in these pages can help drive those decisions – that’s why Trends has a place on the most influential desks, providing actional insights to elected officials, regulators, industry insiders, and economic analysts,” said ATA President and CEO Chris Spear. “This is your guide to an industry that embodies the true meaning of essential.”