Trucking Industry Revenue Data

The trucking industry plays a vital role in the economy, as it is responsible for transporting goods and materials across the country. One of the key components of the industry is the semi-truck, which is used to haul freight and cargo long distances. In this article, we will take a look at the net profit on average made by a semi-truck, including a forecast for the future, data, and references.

Net profit is the money a business makes after all expenses are taken into account. In the case of a semi-truck, expenses include the cost of the truck, fuel, maintenance, insurance, and driver pay. According to the American Trucking Association (ATA), the average net profit for a trucking company was 6.2 cents per mile in 2020. However, it's worth noting that this varies greatly by carrier size and operational costs.

The cost of owning and operating a semi-truck can vary greatly depending on factors such as the age and model of the truck, fuel prices, and the cost of maintenance and repairs. According to the ATA, the average cost of owning and operating a semi-truck is around $1.69 per mile.

In terms of forecasting, the ATA has projected that the average net profit for a trucking company will be around 7 cents per mile in 2023, and it will continue to increase in the next five years. This increase is expected to be driven by the ongoing driver shortage, which has led to a shortage of capacity in the industry. Additionally, the increasing demand for goods and materials, and e-commerce, is also expected to drive the growth in the industry.

It's worth mentioning that the COVID-19 pandemic had a significant impact on the trucking industry, causing a decrease in demand and revenue, which led to a decrease in net profit. However, as the economy recovers and demand for goods and services increases, it is expected that the net profit for trucking companies will also increase.