Trucking industry analysis by examining related financial statistics.
Total 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 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 meager profit of only 4.8 cents.
The employee driver makes about 30.3 cents per mile with an income estimate of 32-50k.
It costs about 41.73 cents per mile to operate a semi or $83.68 per hour according to reliable estimates.
18-wheelers consume over 50 billion gallons of fuel for business 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 time being semis and other big 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 truck accident related and it is our unfortunate lot to see the results of 18-wheeler collisions up close and personal. 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 accidents instead.
The Texas truck accident law firm accepts serious injury and wrongful death 18-wheeler accidents, and has a truck record of success. To speak with a Texas 18-wheeler accident lawyer, call the Baumgartner Firm.
