6. Equipment
Carriers are struggling to acquire and maintain equipment, forcing them to run high mileage units longer. Truck and trailer payments increased by 18.6%, and the industry still face
5. Economy
For the 12 months ended May 2023, the annual inflation rate in the U.S. dropped to 4.0%, a positive sign following two years of rapidly rising costs. In June 2023, the Federal Rese
4. Independent Truck Drivers
There are approximately 350,000-400,000 Owner-Operators, or Independent Contractor Truck Drivers, in the U.S. These drivers value their flexibility, choosing the hours, freight, an
3. Truck Parking
For more than a decade, lack of available truck parking has been a primary concern for truck drivers, negatively impacting the transportation industry and supply chain. Truck drive
2. Infrastructure
The trucking industry moves 10.93 billion tons of freight in the U.S., which is estimated to increase 1.4% per year through 2050. Despite this growth, the country’s infrastructur
1. Sustainability
Freight transportation continues to be a leading contributor of carbon emissions in the U.S., responsible for over half of the nitrogen oxide total emissions inventory in the count
6. Driver Recruitment
The American Trucking Associations notably estimated a record-setting shortage of 80,000 truck drivers in 2021. Despite an increased focus on driver retention in the industry, esti
5. Equipment Shortages
Trailer orders hit record levels at the end of 2022, continuing the trend of equipment shortages faced by carriers during the past two years. Production of heavy-duty trucks stalle
4. Fuel, Taxes and Tolls
Operating costs continue to increase for trucking companies. Fuel costs, listed as the top industry concern in 2022 by the American Transportation Research Institute, remain high,
3. Truck Parking
The lack of available truck parking continues to be a primary concern in the industry, ranking in the top five of the American Transportation Research Institute’s Top Industry Is