The Economics of Trucking
Ever say out loud when driving down the road, wow there seems to be a lot of trucks on the road today? Well, it’s not your eyes, it is the over 3.5 million drivers on those roads. The Trucking industry hauled 64% of all freight in the U.S. That is almost 13 Billion Tons! Look around as it would be hard to see something not brought on a truck at some point of the process.
There are over 577,000 registered trucking companies in the U.S with 99.5% of them being 10 or fewer trucks.
Top concerns going into 2025 for trucking companies are:
The Economy
Truck Parking- Over the Road Trucks are always looking for places to park the truck for their layover.
Lawsuit Reform- Ambulance chaser lawyers are always making truck drivers out to be the bad guy.
Insurance Costs- Due to point number 3.
Compensation- To get and keep good drivers- you need to pay them well.
Lastly, we have great diversity in our industry. Most demographics increased in 2024, but we need more women to look at driving a truck!
So, the next time you see that truck on the highway, I hope you realize how important they are to our economy.
West Bend Transit (WBT) is here to help you have a successful 2025. Visit us at www.westbendtransit.com
or call Mike Matz, Director of Sales & Operations, today at 262-339-4701, or email here.
Chris Greenberg,
President and C.O.O.
West Bend Transit and Service Co.