Trucks play an important role in transporting goods and materials across the world. This industry is growing rapidly as the demand for logistics services rises.
The biggest trucking companies employ a lot of people and contribute to the economy. They also provide an invaluable service that enables many businesses to operate smoothly.
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United States
Trucking companies are an integral part of the United States economy, transporting goods across states and facilitating commerce. They are also major employers with many different job opportunities for people from all backgrounds.
Whether you need to order a small parcel or ship tons of raw materials to a manufacturing plant, trucks are an essential tool for transporting cargo and box truck routes. However, they can also be dangerous.
The largest trucking industry in the United States is based in the Dallas-Fort Worth area of Texas. It operates over 13,000 specialized trailer vehicles and 6,000 tractors.
It offers logistics services to large corporations. In 2021, it had a revenue of $1.33 billion and 8600+ employees. Its drivers were involved in 211 accidents involving injuries and 13 accidents involving fatalities.
Canada
In Canada, the trucking industry is a large and thriving industry. It is a major contributor to the country’s economy.
This is because the industry provides jobs to people all over the country. Moreover, the trucking industry generates a high economic multiplier effect.
The trucking industry includes organizations that own and operate a private fleet of trucks to transport goods they produce, as well as for-hire carriers who are contracted to carry goods produced by other companies.
In 2019, there were 134,000 for-hire trucking companies operating in Canada. They generated $67.8 billion in revenue and $59.8 billion in operating expenses from the trucking industry.
Mexico
Mexico is the largest trucking industry in Latin America and serves as a hub for freight transportation between the United States and Canada. Mexican companies must have a variety of vehicle registration documents and certifications before transporting cargo across the border, including a Vehicle Identification Number (VIN) from the US Department of Transportation and an International Organization for Standardization certificate.
One of the biggest challenges facing trucking in Mexico is a shortage of drivers, experts say. A booming economy, a growing population and low driver retention rates all contribute to the problem.
Another challenge for truckers is a lack of reliable data on drivers’ safety performance. That’s especially difficult in a country where systems aren’t well-maintained and rules are often ignored or broken.
A new generation of highly sophisticated, safety-conscious and environmentally aware fleets is emerging in Mexico but still represents a small fraction of the market. Nevertheless, they’re working hard to advance the industry in the face of a tough operating environment and a lack of government regulation.
Europe
Europe is one of the world’s largest markets and has the largest trucking industry. This market is driven by factors such as growth in trading activities, increase in focus of manufacturers & retailers on core competencies and development of e-commerce industry.
The European road freight transportation market is segmented on the basis of end-use industry, destination and European countries. The market is also bifurcated into international or cross border and domestic transport.
This industry is expected to grow at a CAGR of 7.5% during the forecast period. It is primarily driven by growth in trading activities.
The Europe trucking industry is divided into two segments by type of trucks: long-haul and less than truckload (LTL). LTL has been witnessing high growth due to increased participation of small & medium enterprises in freight transportation.