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The shipping industry is an essential element of the American economy. 70.6 percent of all cargo shipped in 2016 in America was transported by truck, generating $676.2 billion in annual revenue. 33.8 million trucks shipped 10.42 billion tons of weight, driven by about half of the 7.4 million Americans employed by the entire trucking industry. Whenever a consumer buys something from a shop, a manufacturer orders a new container of components, or a grocery store gets a new shipment of produce, chances are high that the products spent part of their journey on a truck.
Trucking’s importance to the economy is only growing. The American Trucking Associations (ATA) predict that goods hauled by truck will increase about 3% annually for the next five years. As the U.S.’s population and economy continue to grow, trucking will grow with it. Transparency Market Research estimates that the trucking industry could be worth $15.5 trillion by 2023.
But the trucking industry is also facing some signifi...
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