When you think of a trucking company, who do you think of? Probably not the owner/operator who lives in your neighborhood, or the small company with six trucks just down the street. For hire carriers, such as UPS, FedEx, Roadway, and Yellow Freight, are names we’re all familiar with. PepsiCo, Coca Cola, and Wall–Mart lead the way among private carriers. But what about the little guys? How important are they to the trucking industry?
It’s Big Business In a Small Way
So how many trucking companies are there? According to Trucking info.net, “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.” Now — how many SMALL trucking companies are there? As per the numbers above, 1.16 million trucking companies in America have 20 or fewer trucks.
Trucking grew up with America; you could almost say we invented the industry. It’s easy to forget every big shipping company started small. It’s a business, which is challenging, but possible for the average person to pursue. The culture of honest, hard working self-employed drivers is part of the fabric of Americana, but trucking is America’s small business for another reason.
Without small trucking companies, our shipping needs couldn’t possibly be met. Trucking companies are responsible for shipping NINE BILLION DOLLARS worth of manufactured and retail products in the USA annually, and as good as the big guys are, they can’t possibly ship it all.
It’s One Tough Industry
This is an industry that historically operates on a profit margin under 5%, and with fuel prices, insurance, and government regulations constantly changing — it’s difficult to plan ahead. Our hats go off to all the owner operators, mom and pops, and small trucking companies in America. Without you, less would be shipped, more would be late, and shipping costs would be higher. Thank you.