Census Bureau report shows trucking company revenue increase

| Friday, December 30, 2005

A new Census Bureau report shows that revenue for trucking companies grew 10.4 percent in 2004 to $186 billion.

That’s up from $168.5 billion in 2003, according to The Associated Press. It also represents the highest total in six years of data collected by the bureau.

Companies whose trucks hauled general freight accounted for $125 billion in revenue in 2004. There were increased revenues from all commodities.

The AP reported that specialized freight haulers – including flatbed, tankers and reefers – accounted for the remaining $61 billion in revenue.

In addition, there were 895,000 company-owned trucks on the road in 2004, up 3.1 percent from the previous year. Those numbers do not include owner-operator trucks because the bureau does not collect separate data on independent truckers.

The company-owned trucking industry also paid $18.9 billion in fuel costs in 2004, according to the report.

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