Industry revenue of “specialized freight trucking, long distance“ in the U.S. 2011-2023

The U.S. trucking industry has bounced back from its decline in the aftermath of the economic meltdown. However, a fall in overall trucking rates coupled with declining demand in long-distance trucking has meant that revenues in the country’s specialized freight trucking industry over long distances are expected to witness only marginal increase from 38.1 billion U.S dollars in 2018 to 39.4 billion U.S dollars in 2023.

Autonomous trucks gaining ground

Technology has disrupted one business after another in the U.S. with Uber and Lyft changing personal transportation for good, while Airbnb doing the same for hospitality. The logistics industry is currently one of the hottest areas of investment with autonomous trucks leading the way. Even though complete autonomy is still quite far away, a study by PwC, suggests that by 2025, fleet owners could reduce their total costs by 15 percent compared to 2016 and even 28 percent beyond that year. In the U.S. alone, the total number of autonomous vehicles including trucks is expected to register an exponential increase over the next decade from 2.1 million in 2025 to as much as 20.8 million in 2030.

Industry revenue of “specialized freight trucking, long distance“ in the U.S. from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “specialized freight (except used goods) trucking, long-distance“ has the code “48423“.

Details on the methodology can be found here.

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