The trucking industry is a vital part of the global economy. As we enter the second half of 2023, understanding the latest trucking industry statistics and trends that shape the industry is crucial.
Whether you’re considering a career in trucking or simply interested in learning more about the industry, these numbers will help you better understand this dynamic field. Let’s take a closer look at the latest 2023 trucking statistics, showcasing the growth, stability, and benefits that await skilled drivers.
Just about every necessity and convenience depends on the trucking industry in some form or another, making it one of the most crucial aspects of the economy in the United States. As demand for freight transportation services increases, the trucking industry is expected to grow in the coming years.
Some statistics from the American Trucking Associations (ATA) regarding the industry’s economic impact are:
- Commercial trucks move about 72.2% of America’s freight by weight.
- The trucking industry contributes over $700 billion in annual revenue.
- The local freight trucking industry is valued at $91.7 billion.
- An estimated 3.5 million truck drivers are employed in the United States, operating over 4 million trucks.
- Experts predict that the employment of tractor-trailer truck drivers will grow by 6% over the next ten years.
Demand for Qualified Truck Drivers
In 2023, the need for truck drivers will continue to increase. There is currently a truck driver shortage, and as more experienced truckers retire, the demand for new drivers is rapidly growing. This creates an opportunity for individuals who want a rewarding career. With more demand for drivers, there are plenty of job opportunities and job security for aspiring truckers.
Some statistics from the ATA regarding the truck driver shortage are:
- Roughly 1.2 million for-hire trucking companies are operating in the United States, increasing at an annual rate of 4.5% since 2018.
- The ATA anticipates a 78,000-driver shortage in 2023, less than the revised 81,258 worker shortage in 2021.
- To keep up with demand, the trucking industry must hire 1.2 million new drivers over the next decade to replace those leaving either through retirement or for other reasons.
Pay and Benefits
Trucking careers offer competitive salaries and comprehensive benefits. Many trucking companies provide additional perks like health insurance, retirement plans, and paid time off. In addition, with the truck driver shortage anticipated to increase, trucking companies are increasing pay and offering better benefits packages to attract and retain new drivers.
Some statistics from regarding truck driver pay and benefits are:
- In the United States, the mean annual wage for truckers was $53,090 in 2022, according to the Bureau of Labor Statistics. The top 10% of drivers can make more than $75,000 a year.
- According to the ATA, truck driver pay has increased by 8.1% on average since 2018.
Pursue a Trucking Career Today
With increasing demand, a shortage of qualified drivers, and competitive salaries and benefits, now is a great time to pursue a trucking career. If you’re ready for a fulfilling and financially rewarding profession, consider enrolling in Yuma Truck Driving School. Our private institution offers students the opportunity to develop both the technical knowledge and the personal skills vital to employment in the ever-changing world of truck driving. Start your journey toward a successful career in trucking today!