The Bureau of Labor Statistics’ recent report on truck driver employment states that 1.5 million people worked in the industry in October, a small decline from October last year but a 15% increase compared to a decade ago. While unemployment rates in the nonfarm sector have been increasing, the growth in trucking employment has been much faster than in the overall job market.
Almost every industry in America relies on truck drivers. In fact, 70% of the items we buy and use are transported on America’s highways. This includes food, fuel, and healthcare supplies. That is why the truck driving industry faces a serious shortage in the United States. To meet this demand, the government has recently implemented a program for 18-20 year olds that will train them to become truck drivers.
According to Business Insider, the number of truck drivers in the US is expected to grow by 0.9% by 2020. This is a great opportunity for people who want to work in the industry.
What State Employs the Most Truck Drivers?
Illinois is home to more than 70,000 truck drivers. The state’s central location, near many major midwestern cities, makes it a desirable location for truckers. The state ranks in the top third for mean annual wages and has a low cost of living. Truck drivers in Illinois earn slightly above the national average.
The transportation industry is vital to the American economy. Almost every industry relies on truck drivers to move their goods from one place to another. In fact, 70% of the items we use every day are transported by truckers. These include everything from food and fuel to healthcare supplies. As a result, trucking is a growing profession.
While truckers make more than the average American, many are uninsured. In fact, only 10% of truckers have health insurance compared to 15% of other workers. Almost half of truck drivers work more than 40 hours a week. Almost one-fourth of all truck drivers are veterans.
How Much Do Truck Drivers Make?
The salary of a truck driver can vary widely. Many truck drivers are paid by the mile. A driver who earns $0.50 per mile can expect to earn around $1,800 a week before taxes. This is based on an average of 2,000 to 3,000 miles driven per week. A truck driver could make as much as $90,000 a year if they drive sixty hours a week.
How much a truck driver makes depends on many different factors, including experience, company size, route, and type of truck. The more experience a truck driver has, the more money they’ll earn. Truck drivers can expect to earn more by driving longer distances. In addition, truck drivers can expect bonuses for reaching certain mileage milestones.
If you’re looking for a high-paying, independent career, truck driving may be right for you. It is a demanding and rewarding profession, and many truck drivers have a college degree. However, it is important to note that truck driving is not for everyone, and there is a high turnover rate. However, if you’re committed, it can be a lifetime career.
What State Moves the Most Freight?
Illinois is a Midwest state with a centralized geographical location and an abundance of industry. The state’s location makes shipping cheap and efficient. The most common destinations of freight from Illinois include California, Texas, and New York. Indiana is another Midwest state with a centralized location, a consistent climate, and many industries. Compared to other states, Ohio has a relatively low cost of shipping.
The types of freight moved in each state vary. While the most popular states for flatbed, reefer, and van loads are California and Texas, these states are not the only choice. Depending on what type of freight you’re transporting, you may want to choose a different state or even city.
Shipping rates in Washington remain fairly stable year-round. However, when the holiday season rolls around, these rates spike. In West Virginia, rural areas tend to see higher rates.
What Race are Most Truck Drivers?
The trucking industry has become increasingly diverse in recent years. In 2001, 26.6% of CDL drivers were black or Hispanic, but today that number is 39%. While the trucking industry is still overwhelmingly white, diversity is improving. In a recent study, Women in Trucking found that nearly 20% of long-haul drivers were women and 9% were Hispanic.
According to the U.S. Department of Labor, 39.5% of commercial truck drivers are Black or Hispanic, which is higher than the national average. While this is a large difference, the statistics show that there are increasing numbers of people of color in the industry. While nearly half of all truck drivers are white, only about six percent are Asian. In Colorado, a recent study shows that one-fifth of commercial truck drivers are Hispanic.
In the United States, truckers are a vital part of the economy. Almost every industry relies on truck drivers to transport goods. In fact, almost 70% of items we buy are shipped by truck. These goods range from food to fuel to healthcare supplies. Despite the huge demand for truck drivers, the number of applicants is decreasing, and truck drivers need more drivers to meet the demand.
Who is the Largest Trucking Company in the USA?
US Xpress Enterprises is one of the largest trucking companies in the country, with a fleet of over fifteen thousand tractors and trailers. The company has over half a billion dollars in annual revenue, and started with 48 trucks back in 1986. Today, the company is one of the largest in the country, with over fifteen thousand tractors and trailers, and over seven thousand employees.
J.B. Hunt Transportation is the fourth largest trucking company in the United States, generating approximately USD 9.16 billion in revenue in 2016. It employs over 29,000 people and operates over thirty thousand tractors and trailers. This company offers transportation services throughout the continental U.S. and Canada.
While the size of the fleet and the services provided by trucking companies are important factors in ranking them, rates and flexibility are also important to consider. For example, Schneider National, based in Green Bay, Wisconsin, has a fleet of thirty-six thousand tractors and over one thousand locations in 67 countries.
Why is the Trucking Industry So Slow 2022?
The Trucking Industry is experiencing a labor shortage. The cost of raw materials, including diesel, are rising. In addition, wages for truck drivers are increasing. As a result, many drivers are leaving for other jobs. This trend has been going on for a number of decades, and the Trucking Industry has responded in typical fashion.
According to a recent report by FTR Intel, spot trucking rates were up 44% in 2022, driven by increasing demand. However, fuel costs were up 18% year-over-year. Trucking experts predict that the freight volume in the U.S. will remain at high levels through 2022. The impact of these rising costs is not yet clear, but they could dampen the industry’s growth.
Another factor contributing to the industry’s slowdown is the economic climate in America. While trucking was once “white-hot,” with profits skyrocketing, the current economic climate has made it difficult to keep these profits. The industry is also struggling with high labor turnover, which impacts profitability.
Do Most Truckers Own Their Trucks?
The majority of truck drivers in the United States are owner operators. As a result, they have a high turnover rate. This turnover rate is not surprising, given that the industry is unpredictable, dangerous, and rewarding. But it is also a big concern. A recent California bill has the potential to change that, forcing all owner operators leasing their trucks to be classified as employees. If passed, the legislation would likely have sweeping implications for the trucking industry and the owner-operator status.
Depending on the source, owner operators earn significantly more than company drivers. In fact, the top ten percent of owner-operators earn 52 percent more per hour than company drivers and make $19,200 more per year. On the other hand, the bottom ten percent earn 30 percent less per hour and make $11,000 less annually. Owner operators typically work about two percent more hours per week than company drivers. However, the data does not account for the impact of electronic logging devices, which has decreased the amount of hours drivers put in.
Owner-operators also have the advantage of having greater control over their equipment and job. While this approach does not come cheap, it has its advantages. For example, truck owners have a better understanding of their trucks, which can make them more efficient in their work. Furthermore, truck owners have greater flexibility in terms of the types of loads they carry.
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