The Industry

The trucking industry is an integral part of the United States’ economy and a key source of its economic might. Trucks deliver more than 70 percent of all freight transported annually, generating an estimated $791.7 billion in gross freight revenue.

As of 2023, there are 570,921 long-distance freight trucking businesses in the US, an increase of 4.5% from 2022. These businesses employ an estimated 8.9 million people, including 3.5 million truck drivers. Employment is up 140,000 from the previous year.

In 2018, 36.9 million trucks were registered and used for business purposes, excluding government and farm work. The number has only increased since then.

Trucks transport the vast majority of goods between the United States and its two closest trading partners: Canada and Mexico. In 2019, 67.7% of the value of surface trade between the US and Canada was transported by truck, and 83.1% of trade with Mexico.

The industry is thriving, though it is facing growing pains and lack of parking availability, a problem that ConTrade Holdings seeks to rectify.