Truck Load Rates Halt 8 Week Slide 2.0

I am about to do same...I need to go there at least to see, if it is still there. LOL

 

What's scaring me the most about all of this is that the rates may be severely suppressed for quite a while, and the mega carriers may find a way to operate at much lower rates and still make a profit. If the government steps in to bail out and subsidize the megas to keep the supply chain flowing, and doesn't offer anything to the small fleets or O/O's, our end of the trucking industry will be wiped out quickly. Large airlines receive government subsidies to keep them afloat, and smaller regional airlines get very little of that money, so it's much harder for them to stay in business. The same principal could apply to trucking if things stay the way they are. I hope I am wrong.

 

I was thinking the same...and I also heard a rumor, that Schneider is already one of those carrier which will never be allowed to sink. From a strategical point of view, that makes sense. Hard to blame the government for having such contingencies, in place. I would love to see mega carriers to sink but it is never gonna happen.

 

Well...I think that 90% is representing the number of carriers(?)- I am and you are there too - not the actual number of trucks. I don't want to quote the exact number of trucks belonging to carriers of more than 1000 units but it I would not be surprised it is much more than 10%. Just guessing...

 

Trucking Statistics - Truckinfo.net

How big is the trucking industry?
The trucking companies, warehouses and private sector in the U.S. employs an estimated 8.9 million people employed in trucking-related jobs; nearly 3.5 million were truck drivers. Of this figure UPS employs 60,000 workers and 9% are owner operators. LTL shippers account for around 13.6 percent of America's trucking sector.

How many trucks operate in the U.S.?
Estimates of 15.5 million trucks operate in the U.S.. Of this figure 2 million are tractor trailers.

How many truckers are there?
It is an estimated over 3.5 million truck drivers in the U.S. Of that one in nine are independent, a majority of which are owner operators. Canada has in excess of 250,000 truck drivers.

How many trucking companies are there in the U.S.?
Estimates of 1.2 million companies in the U.S. Of that figure 97% operate 20 or fewer while 90% operate 6 or fewer trucks.

What is the average operating ratio for trucking companies?
Estimates are the operating ratio is 95.2. This means for every dollar in revenue the trucking company has a cost of 95.2 cents. Leaving them with a profit of 4.8 cents of every dollar.

What does a driver make driving truck?
The average estimates that a driver makes is 30.3 cents per mile. Average yearly income for a driver is 32,000/Year. The average owner operator makes slightly more.

How much does the trucking industry pay to operate on our roads?
Estimates of 21.4 billions dollars is produced annually and paid by the trucking industry.

2008 Average operating costs
According to (ATRI) American Transportation Research Institute the average cost per mile was $1.73 per mile and $83.68 per hour