Truck industry statistics and growth forecasts for 2023

Market volatility may cause market statistics projections to change in 2023, but the statistics used to support these claims remain the same. For those who want to understand the inside and outside of the trucking industry, knowing the latest statistics behind it is very important. Here are 10 key stats about the trucking industry and its development over the past year.

Highest GDP in the World - The United States currently ranks first in terms of GDP for the trucking industry. The GDP of this industry is higher than that of 150 countries in the world. Employment Rate – The trucking industry makes up a significant portion of the U.S. labour market, with over 5.8% of all jobs in the country associated with the trucking industry.

Largest Employer – Walmart is currently the largest employer of 8,600 truck drivers.

Total Weight Carried – Trucks carried approximately 10.8 billion tons of goods in the United States.

Preferred mode of transport – Nearly 70% of the country's goods are transported from one state to another by truck.

Job Diversity – The trucking industry is incredibly diverse, with over 40% of jobs held by minority people. Dependence on grocery stores – Grocery stores rely heavily on truck drivers to move goods. If a truck driver stops delivering goods, most grocery stores are empty of him within three days.

Demand for jobs – Truck drivers are in ever-increasing demand, and experts say the trucking industry will need to employ at least 900,000 people to meet the growing demand for truck drivers. I think.

Annual Salary – Despite the high demand for truck drivers, those working in this position earn significantly less than most Americans.

Annual Mileage - Truck drivers spend countless hours at work and the average truck driver logs over 100,000 miles each year.