Small and Medium Sized Trucking Companies Carry the Load
Small and Medium Sized Trucking Companies Carry the Load
2024 Trends from the American Trucking Associations
As the backbone of domestic supply chains, truck drivers reflect the strength and scale of the trucking industry. The workforce behind the wheel plays a vital role in keeping goods moving across the country. With 3.55 million professional drivers on the road, there has been a 1.5 percent increase from the 2021 reported numbers. With the release of the latest 2023 figures, we have an opportunity to see how the industry is evolving and what that means for companies like PTP Transport, new drivers entering the field and the future of logistics and our industry.
Source: American Trucking Associations
Starting Strong
The American Trucking Associations (ATA) reports that, yet again, companies like PTP Transport are proving to be the backbone of the industry. According to the latest data, 95.5 percent of carriers operate 10 or fewer trucks, and 99.6 percent operate fewer than 100 power units. These are not just statistics; they represent companies like PTP, whose size allows teams like ours to build genuine relationships with drivers and remain customer-focused. The numbers highlight just how essential small and mid-sized businesses are to keep freight moving across the country.
Employment Remains Strong
The strength of the industry is also reflected in its workforce. In 2023, the trucking industry supported 8.5 million jobs nationwide, including 3.55 million professional drivers, according to the ATA. That is not just a number; it is a testament to the drivers and teams keeping America’s supply chain running. As the industry evolves, so does the need for skilled professionals ready to lead the way forward.
Revenue Continues to Climb
The trucking industry hit a record $987 billion in revenue in 2023, up from $940.8 billion the year before, according to the ATA. The increasing growth and commitment of the drivers shows how resilient and important trucking is to the U.S. economy. For companies like PTP Transport, which care about their professional drivers and push for industry progress, it is a reminder of why investing in workforce development, innovation and infrastructure matters. Increased revenue creates opportunities for better pay, stronger training programs and long-term career potential in the transportation industry.
Freight Volume Declines Slightly
Trucks moved an estimated 11.18 billion tons of freight in 2023, a slight decline from the 11.46 billion tons recorded in 2022, according to data from the ATA. The decrease in volume highlights a moderation in freight demand, likely influenced by shifts in consumer spending and inventory adjustments. Since trucks carry more than 70% of the nation’s freight, even minor declines can have big economic effects. Spotting these changes helps everyone from logistics pros to beginner drivers stay ready for a supply chain that is more responsive and faster than ever.
The Road Ahead
As the industry continues to grow and adapt, small and medium-sized carriers like PTP Transport are helping prepare the next generation to meet its challenges head-on. With data driving insight and education fueling progress, PTP Transport and our drivers truly carry the load.
Apply to drive for PTP and learn more about our benefits and career opportunities.