Figures show revenue estimates produced by the trucking industry are 255.5 billion a year. Of this figure 'for hire' or 'common carriers trucking' companies generated revenue estimated at about 100 billion.
Truckers carry more cargo that air carriers.
Private truck fleets generated revenue estimated at 121 billion. Fleet operating ratio is 95.2, which means for every dollar in revenue the trucking company has a cost of 95.2 cents leaving them with a meager profit of about a nickel per dollar.
The truck driver as an employees or "independent contractor driver" makes about 30.3 cents per mile with an income estimate of 32-50k.
It costs about 40 cents per mile to operate a semi or eighty bucks per hour according to reliable estimates.
Trucks consume over 50 billion gallons of fuel hauling goods each year.
These stats further confirm the contention that the trucking industry is completely entwined in the American economy and I offer that were it to falter or meet its demise would be to strike a catastrophic blow for the US.
The Baumgartner law firm is deeply entrenched in truck accident litigation and we see the results of 18-wheeler accidents up close and personal. Semi truck accidents account for anywhere from 9% to 12% of traffic deaths annually across the country.
These scenes and their aftermath are heart wrenching and haunting. But it will not prevent truckers from hitting the road so what must be done is to continue our quest to prevent truck accidents instead.
