Reports show 10% increase in Freight Hauled by trucking industry

Big time logistics news hit the mainstream this week with the most recent statistics regarding trucking.

October bared a 9.9% increase in truck-hauled freight since last year. This is the greatest spike since 2013 of December, as reported by Trucks.com and Supply Chain Dive.

This increase in trucking has not only delivered a massive amount of freight, but a massive monetary value. Trucking in this past year has contributed to 79.8% of the total for logistics-based revenue. A rough value of this amounts to $676.2B.

While technology giants are swirling around with talks of autonomy and self-driving trucks, these statistics show a clear market value for coming innovations.

However, will technology ever be able to take on the load of 79.8% of total shipping revenue, actually?

This is a question business and supply chain professionals must continue to ask themselves as the adoption of emerging technologies continues to trend. For the time being, respect must be given where respect is due. And, that lies within human conducted trucking.

These reports actually offer a direct opposition to the feelings about coming technological disruptions.

“The upswing in trucking comes just when industry naysayers have been predicting a slump. Whether spurred by peak season need or disaster aid, the demand for transport has rarely been higher. Buoyed by economic growth, drivers have never been in greater demand, gaining important benefits reflecting a their new value” (McKevitt 2017).

For the time being, the traditional model of trucking is working to the favor of employers and employees alike. 

How long this trend will continue, only time will tell. 

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