Driving Economic GrowthTrends of America's Trucking Industry
The American Trucking Industry is booming as it is responsible for transporting more than half of the freight shipped in the United States. In fact, a whopping 80% of communities rely solely on trucking for the delivery of goods. Americans rely heavily on the trucking industry to satisfy its growing consumption rates, which increase each year. Over the next ten years, the amount of freight moved by trucks is projected to rise by about 27%. For this reason, it is no surprise that employment in the heavy and tractor trailer industry is projected to grow over the next seven years.
Such growth will likely lead to a shortage of truck drivers. Not only that, but close to half of those employed in the trucking industry are entering retirement. An average of 49,000 jobs will need to be filled per year for the next decade in order to keep up with this demand.
With such a high demand, many companies are focusing on employee retention by offering competitive salaries and benefits and implementing staff retention bonuses after a driver has stayed with the company for a certain number of years.
Click the arrows on the graphic below to learn more about the industries that depend on commercial transportation, the states in which truck driving is most popular, and trends that affect American jobs but don’t affect truck drivers.
Many individuals in the trucking industry are looking to get started in the owner-operator trucking business. Currently, there are approximately 350,000 owner operators in the United States. Individuals that own and operate their own trucking business either operate on their own, or lease with a carrier. By leasing with a carrier, you could have the opportunity to benefit from competitive programs for owner operators which include:
- Owner receives 100% of FSC
- Reimbursement for HazMat CDL after 1 year
- Gift cards for clean roadside inspections
- Settlement deduction available for various Independent Contractor Insurance Programs at very reasonable rates
Learn more about the benefits of our Owner/Operator Program, and let us show you how we deliver a better experience.