Truck transportation
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Truck transportation industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a container or van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics, requires specialized equipment for transportation.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 0.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 0.3 percent.
- Prices increased 11.2 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had decreased 0.2 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.7 percent.
- Costs increased 18.6 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 34.9% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Manufacturing sector. Costs associated with this sector increased 10%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 34.9% | +0.8% |
| Transportation and Warehousing | 20.4% | -2.3% |
| Manufacturing | 15.2% | +10% |
| Real Estate and Rental and Leasing | 5% | +0% |
| Finance and Insurance | 4.9% | +2.2% |
To download this data, or to learn more about how demand for this industry is measured, please contact us.
- As of July 2019, demand for this industry had increased 1.3 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 0.9 percent.
- Costs increased 0.1 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 32.6% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Transportation and Warehousing sector, where demand decreased -4.8%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 32.6% | +0.8% |
| Transportation and Warehousing | 18.2% | -4.8% |
| Retail Trade | 15.9% | +0.8% |
| Wholesale Trade | 7.8% | -3.5% |
| Manufacturing | 7.5% | -1.5% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU484---484---.
- Costs measured from January 2020
- Demand measured from July 2019
