Read below for some interesting and fun facts about the trucking and logistics industry!
What are the total logistics expenses in the US?
Total US business logistics costs (transportation, warehousing, inventory, etc.) amounted to $1.85 trillion in 2021, representing 8% of 2021’s $23 trillion GDP.
What is the largest segment of logistics expenses in the US?
Trucking freight accounts for the largest segment of the US business logistics and supply chain spend, at $831 billion spend.
Which mode represents the most transportation (freight bill) spend in the US?
Trucking (out of all of the modes of transportation) represents 80% of the nations freight bill in 2021.
What percentage of logistics spend is on transportation in the US?
All modes of transportation account for approximately 70% of the total US business logistics spend (costs).
How much of the total logistics spend is for trucking in the US?
Trucking alone is nearly 45% of the total US business logistics spend (costs).
How many people are employed in the trucking industry in the US?
Nearly 8 million people were employed throughout the US economy in jobs that relate to trucking activity in 2021.
How many truck drivers are employed in the US?
There are approximately 3.5 million truck drivers employed in the US in 2021
What percentage of motor carriers operate 10 or fewer trucks?
Of all the motor carriers registered in the US, 95.7% operate 10 or fewer trucks.
How many Class 8 trucks are in operation in the US?
Over 4 million Class 8 trucks (semi trucks) in operation in 2021
How many trucks are registered and used for business in the US?
Over 38 million trucks registered and used for business purposes in 2021
How many miles were traveled by trucks in the US?
Over 300 billion miles (billion with a b) traveled by all registered trucks in 2020.
How much fuel was consumed?
44.8 billion gallons of fuel consumed by those trucks used for business purposes in 2020.
How much is the federal fuel tax and average state fuel tax per gallon of diesel in the US?
24.4¢ in federal fuel tax paid for each gallon of diesel fuel as of January, 2022
32.7¢ paid on average in state fuel tax for each gallon of diesel fuel as of January, 2022.
How many tons of freight were transported by truck in the US?
10.93 billion tons of freight were transported by trucks in 2021
What percentage of freight is moved on trucks in the US?
72% of all the freight tonnage moved in the U.S. goes on trucks.
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Soshaul Logistics LLC and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. It is meant to serve as a guide and information only and Soshaul Logistics, LLC - Copyright 2023 - does not assume responsibility for any omissions, errors, or ambiguity contained herein. You should consult your own tax, legal and accounting advisors before engaging in any transaction or operation.