Trucking Dominates Freight Market - Fleet Management

Trucking Dominates Freight Market – Fleet Administration



Vans transported 12.5 billion tons of freight in 2020, in response to Transportation Statistics Annual Report.

Photograph: USA Truck


The twenty eighth version of the Transportation Statistics Annual Report, which is ready and submitted every year to Congress and the President, highlights the dominance of trucking within the freight markets, together with the highest 10 commodity markets.

Vans transported 12 billion tons in 2019, or 67% of complete home freight quantity —about 10 occasions greater than that of rail, the US’ third-ranked mode by freight quantity. In 2020, the U.S. freight transportation system moved greater than 19 billion tons of freight value about $18.0 trillion by capital belongings valued at about $7 trillion consisting of ports, highways, rail techniques, airports, and pipelines.

Trucking by far was probably the most relied on freight transport mode. In that yr:

  • Vans transported 12.5 billion tons of freight valued at greater than $13.1 trillion, about 65% and 73% of complete freight weight and worth, respectively.
  • Trucking’s freight quantity was about 8.5 occasions increased than that of railed freight quantity, the third-ranked freight mode.
  • Vans carry the most important shares by worth, tons, and ton-miles of all items shipped in the US. Trucking was the main transport mode for all distances in 2020 by worth, even for distances higher than 2,000 miles
  • When it comes to tons, trucking was the popular mode to locations from beneath 100 miles and as much as 749 miles.
  • Gravel, cereal grains, and non-metallic mineral merchandise, the second-, third-, and fourth-ranked commodities by weight, are largely moved by truck.
  • Vans carry $7.7 billion of freight, or 71% of the full prime 10 freight worth of about $10.8 billion.


Trucks carry the largest shares by value, tons, and ton-miles of all goods shipped in the United States.  -  Graph: BTS

Vans carry the most important shares by worth, tons, and ton-miles of all items shipped in the US.

Graph: BTS



Trucking was the leading transport mode for all distances in 2020 by value, even for distances greater than 2,000 miles  -  Graph:

Trucking was the main transport mode for all distances in 2020 by worth, even for distances higher than 2,000 miles

Graph:


Trucking’s Function in U.S. Commerce

Cross Border Buying and selling

In U.S. commerce with Mexico, trucking is the dominant mode in 2020, carrying 35% of freight weight.

Substantial international direct funding in Mexico in 2022, notably from the nearshoring of U.S. firms, will possible imply a rise in cross border commerce flows, with trucking persevering with its modal dominance, the report explains.

It will possible imply a shifting of freight flows from U.S. coastal ports to the U.S.-Mexico border.

Laredo, Texas, and Detroit, Michigan, had been the third and eighth largest U.S. gateways by way of freight worth in 2020, with vans representing 22% and 36% of complete freight commerce in Canada and Mexico, respectively.

In 2020, Texas’s border crossings alone had about 4.4 million inbound vans.

Asian Container Trades

Improved U.S. East Coast connectivity to liner transport networks have enabled the diversion of some Asian commerce volumes from the U.S. West Coast to U.S. East Coast ports; in 2021 U.S. East Coast Asian container volumes exceeded U.S. West Coast Asian freight volumes.

A shift of Asian container trades to East Coast ports inspired a shift from intermodal rail transport to truck transport as a result of distances from the East Coast are shorter to mid-west markets.

Consequently, the typical dwell time at main terminals elevated for all main terminals for the jap railroads whereas that for the western railroads didn’t enhance as a lot and even decreased, reflecting the relative modifications within the congestion stage on the rail terminals in numerous places.

The Transportation Statistics Annual Report is ready by the U.S. Division of Transportation’s Bureau of Transportation Statistics.



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