How much freight is moved each year?

How much freight is moved each year?

Arlington, Virginia – The trucking industry generated $791.7 billion in revenue in 2019, moving 11.84 billion tons of freight, according to the latest edition of American Trucking Associations’ annual data compendium – ATA American Trucking Trends 2020.

What is the global freight transportation system?

The global movement of freight is facilitated by a complex system of transportation networks, companies, and government agencies. Global freight transport (link is external) is a key component in the trade of goods and materials, but it can also have significant environmental and economic impacts.

What are the 4 main types of freight transportation?

There are four major types of freight transportation available for shippers to use in the world of freight shipping. The primary ones are by ground (road), rail, ocean, and air.

What percentage of goods is transported by road?

In 2020, road freight transport accounted for 77.4 % of the total inland freight transport, followed by rail and inland waterways transport (16.8 % and 5.8 % respectively).

What industries move the most freight?

Below are some of the industries that require expedited shipping and logistic services.

• Medical Industry. …
• Pharmaceutical industry. …
• E-commerce Industry. …
• Manufacturing Industry.

What percent of freight is moved by trucks?

Trucks move roughly 72.5% of the nation’s freight by weight.

How big is the global trucking industry?

The global semi-trailer market size was USD 26490 Million in 2020 and it is expected to reach USD 38600 Million by 2027 with a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period 2021-2027.

How big is the freight industry?

The United States trucking industry is one of the largest revenue streams in the nation’s economy and is responsible for transporting 70 percent of all goods in the U.S. In 2019, the industry’s total revenue reached $791.7 billion.

How big is the freight market?

The Freight Trucking market in the U.S. is estimated at US$514.7 Billion in the year 2021. The country currently accounts for a 24.07% share in the global market.