Let us continue our discussion on the trucking industry by examining related financial statistics.
According the website listed at the end of this blog the "total revenue estimates produced by the trucking industry are 255.5 billion. Of this figure 'for hire' or 'common carriers trucking' companies generated revenue estimated at 97.9 billion.
They outdid air transportation by 18 billion. Private fleets generated revenue estimated at 121 billion. Their 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 profit of 4.8 cents.
The driver makes approximately 30.3 cents per mile with an average yearly income of $32,000. It costs 41.73 cents per mile to operate a semi or $83.68 per hour. Finally, trucks consumed 53.9 billion gallons of fuel for business".
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 time being semis and other trucks will be around into the near future.
However, while I attempt with each blog to inform the reader about a topic related to the act of driving I will take a moment to opine. Our firm is deeply entrenched in all things accident related and it is our unfortunate lot to see the results of collisions up close and personal.
As stated in previous blogs semis 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.
sources: http://www.truckinfo.net/trucking/stats.htm
Greg Baumgartner is a Texas semi truck accident attorney and the founder of the Houston personal injury law firm which is dedicated to helping victims of truck accidents seek civil justice.
