“Truckers Brought It.” The Size And Importance Of The Trucking Industry

It has been said that if the trucks stop, America stops. The truckload industry is one of over sixty five billion dollars spread over more than fifty thousand carriers. It’s a large and vital part of American society where almost everything around you has been shipped from one location to another, often multiple times before it reaches its destination. There is a constant and enduring need for its services, and though it is suffering at the moment as the result of the depression, over time it is poised to become even stronger and more lucrative.

The challenges the trucking industry currently faces date back to 2006. They are due to falling automobile sales, problems in the housing sector, sluggish growth in retail markets, and the overall economic issues plaguing the country. These issues have resulted in low freight volumes and a difficult pricing environment. In spite of all of this however, the truckload industry is highly competitive. This is due to its rates, service, and equipment availability. The economy has finally bottomed out, and with it, the trucking industry. Although it is not expected to see significant growth for 2009, the expected rise in the economy means that a corresponding rise in demand and freight volume may occur as early as 2010. Once that happens the truckload industry is expected to see slow, but steady growth.