{"id":4656,"date":"2022-09-13T10:45:34","date_gmt":"2022-09-13T10:45:34","guid":{"rendered":"https:\/\/loginextsolutions.com\/blog\/?p=4656"},"modified":"2026-02-05T06:53:59","modified_gmt":"2026-02-05T06:53:59","slug":"global-trucking-market-analysis","status":"publish","type":"post","link":"https:\/\/www.loginextsolutions.com\/blog\/global-trucking-market-analysis\/","title":{"rendered":"Catch All The Insights of The Global Trucking Industry"},"content":{"rendered":"<h1><b>The global trucking industry is set to touch $855 bn in 2022, catch all the insights!<\/b><\/h1>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify;\"><span style=\"font-weight: 400;\">About 70% of <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/commercialfleetfinancing.com\/2022-trucking-and-transportation-forecast\/#:~:text=According%20to%20the%20American%20Trucking,dominated%20by%20the%20trucking%20segment.\"><span style=\"font-weight: 400;\">freight transportation <\/span><\/a><\/span><span style=\"font-weight: 400;\">is carried out by the trucking industry (ahead of rail and sea transport).<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The<\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/04\/04\/2415437\/0\/en\/General-Freight-Trucking-Global-Market-Report-2022.html\"><span style=\"font-weight: 400;\"> global trucking industry<\/span><\/a><\/span><span style=\"font-weight: 400;\"> generated a revenue of $773.46 billion in 2021 and is expected to touch $853.45 billion in 2022.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As per a <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.gartner.com\/smarterwithgartner\/gartner-predicts-the-future-of-supply-chain-technology\"><span style=\"font-weight: 400;\">Gartner report<\/span><\/a><\/span><span style=\"font-weight: 400;\">, 75% of global enterprises will have real-time supply chain solutions integrated into their supply chain.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400; text-align: justify;\"><span style=\"font-weight: 400;\">An average professional <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/blog.bizvibe.com\/blog\/largest-trucking-companies\"><span style=\"font-weight: 400;\">long-haul driver<\/span><\/a><\/span><span style=\"font-weight: 400;\"> logs close to 100,000 miles per year.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The global trucking industry has seen a rise in demand, especially truck drivers, who play a crucial role in ensuring our purchases reach our doorstep at the earliest possible. Companies are eyeing the use of technology to streamline their supply chain and logistics operations. Another cause of worry is driver retention as driver shortage was viewed all over the world. Fleet operators have ensured better working conditions, better pay, and additional benefits like rewarding their best-performing drivers.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The list of top-10 trucking companies in the world is as follows-<\/span><br \/>\n&nbsp;<\/p>\n<table class=\"blog-table\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><b>Rank<\/b><\/p>\n<\/td>\n<td style=\"text-align: center;\"><b>Trucking Company<\/b><\/td>\n<td style=\"text-align: center;\"><b>Employees<\/b><\/td>\n<td style=\"text-align: center;\"><b>Revenue (USD billions)<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">1.<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">UPS<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">481,000<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">71.86<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">2.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">FedEx<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">425,000<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">65.45<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">XPO Logistics<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">100,000<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">16.65<\/span><\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">J. B. Hunt<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">29,056<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">9.16<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Knight-Swift<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">25,400<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.34<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">YRC Worldwide<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">19,000<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.09<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">7.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Schneider<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">19,600<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.97<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">8.<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Landstar System<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1,306<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.61<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">9.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Old Dominion Freight Line<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">21,279<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.04<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">10.<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">TFI International<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">17,500<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.95<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Source: <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/blog.bizvibe.com\/blog\/largest-trucking-companies\"><span style=\"font-weight: 400;\">BizVibe<\/span><\/a><\/span><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-4663\" src=\"https:\/\/loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/trucking-industry-revenue.png\" alt=\"Trucking Industry Revenue\" width=\"1686\" height=\"1152\" srcset=\"https:\/\/www.loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/trucking-industry-revenue.png 1686w, https:\/\/www.loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/trucking-industry-revenue-768x525.png 768w\" sizes=\"(max-width: 1686px) 100vw, 1686px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Approximate age for most truck drivers in the US-<\/span><\/p>\n<p>&nbsp;<\/p>\n<table class=\"blog-table\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><b>Age Range&nbsp;<\/b><\/p>\n<\/td>\n<td style=\"text-align: center;\"><b>Percentage<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">16-24<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">8%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">25-34<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">17%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">35-44<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">21%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">45-54<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">26%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">55-64<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">21%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">65+<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">7%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"text-align: left;\"><span style=\"font-weight: 400;\">Source: <\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.zippia.com\/advice\/trucking-industry-statistics\/\"><span style=\"font-weight: 400;\">Zippia<\/span><\/a>&nbsp;<\/span><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-4666\" src=\"https:\/\/loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/average-truck-driver-age-range-in-us.png\" alt=\"Average Truck Driver Age Range in US\" width=\"1706\" height=\"1038\" srcset=\"https:\/\/www.loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/average-truck-driver-age-range-in-us.png 1706w, https:\/\/www.loginextsolutions.com\/blog\/wp-content\/uploads\/2022\/09\/average-truck-driver-age-range-in-us-768x467.png 768w\" sizes=\"(max-width: 1706px) 100vw, 1706px\" \/><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">\n<h2><b>Changes in The Trucking Industry-&nbsp;&nbsp;&nbsp;&nbsp;<\/b><\/h2>\n<p style=\"text-align: justify;\"><b>1) Finding Fuel Alternatives: <\/b><span style=\"font-weight: 400;\">As the world moves towards the use of sustainable energy resources. Reduction in the use of fossil fuel energy and a move toward the use of electric trucks for transportation holds the key. This will cut down <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/loginextsolutions.com\/blog\/loginext-launches-sustainability-calculator-reduce-carbon-footprint\/\" target=\"_blank\" rel=\"noopener\">GHG emissions<\/a><\/span> and help deal with inflating petrol prices and keep a check on the inflationary impact throughout the supply chain. The industries are also adapting the use of route optimization software to help with sustainable deliveries.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><b>2) Solution For Driver Retention: <\/b><span style=\"font-weight: 400;\">The need for delivery drivers has been a rising concern amongst businesses. Drivers need to be trained to handle the technology to ensure hassle-free routing and deliveries. The trucking industry is also trying to improve the working conditions, increase the minimum pay (wages), improve driver working conditions, and offer additional incentives. The <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/loginextsolutions.com\/blog\/loginext-integration-marketplace-delivery-management\/\" target=\"_blank\" rel=\"noopener\">integration <\/a><\/span>with 3PL companies will ensure more reliability for order deliveries.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><b>3) In-App or Web Load Booking: <\/b><span style=\"font-weight: 400;\">People no longer call customer support to avail any trucking service. Most trucking companies have their apps or web portals from which customers can play orders. Online bookings have helped companies streamline their supply chain orders, and offer customers better convenience for order placement and tracking. The use of a SaaS platform to handle your logistics and supply chain will play a crucial role in keeping track of all order reports and analytics.<\/span><\/p>\n<p><b>&nbsp;<\/b><\/p>\n<p style=\"text-align: justify;\"><b>4) Shorter Hauls Gain More Popularity: <\/b><span style=\"font-weight: 400;\">As per a report from the American Transportation Research Institute, there has been a spike in drivers dealing with hauls under 500 miles. As drivers with 1000 miles have dropped significantly (as it allows them more family time), finding drivers for longer hauls would be a challenge. The use of <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.loginextsolutions.com\/products\/haul\" target=\"_blank\" rel=\"noopener\">LogiNext Haul<\/a><\/span> will be your perfect software solution that will help streamline long-haul deliveries.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><b>5) Focus on Reducing The Detention Time: <\/b><span style=\"font-weight: 400;\">Did you know? A driver in the US can spend 40 percent on detention! Yes, you read that right, this was not due to driver inefficiency but a result of inefficient scheduling and processing of pickup and delivery. The need for fleet tracking software or a <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/loginextsolutions.com\/blog\/6-key-features-delivery-management-software\/\" target=\"_blank\" rel=\"noopener\">delivery management system<\/a><\/span> is the need for the hour to reduce the detention time in the industry.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The trucking industry is one of the main backbones of a supply chain. There are several factors like driver shortage, container shortage, and fuel alternatives affecting the trucking industry in 2022. Companies have started offering better wages, benefits, and use of logistics software to enhance operations and attract the next generation of drivers. LogiNext Haul offers clients the best software support to handle all challenges faced in the trucking industry. Click on the red button below to connect with an expert.<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div style=\"text-align: center;\"><strong><span style=\"color: #ffffff;\"><a style=\"background-color: #e0242b; padding: 14px 20px; min-width: 200px; border-radius: 3px; letter-spacing: 0.125em; text-transform: uppercase; font-size: 12px; font-family: 'Open Sans', Arial, sans-serif; font-weight: 600; color: #ffffff; text-decoration: none; display: inline-block; line-height: 18px !important;\" href=\"https:\/\/loginextsolutions.com\/contact\" target=\"_blank\" rel=\"noopener\">&nbsp;Speak to an expert!<\/a><\/span><\/strong><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\"><script type=\"text\/javascript\"><br \/>\n    (function(c,l,a,r,i,t,y){<br \/>\n        c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)};<br \/>\n        t=l.createElement(r);t.async=1;t.src=\"https:\/\/www.clarity.ms\/tag\/\"+i;<br \/>\n        y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y);<br \/>\n    })(window, document, \"clarity\", \"script\", \"brl39lsn4t\");<br \/>\n<\/script><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global trucking industry is set to touch $855 bn in 2022, catch all the insights! &nbsp; About 70% of freight transportation is carried out by the trucking industry (ahead of rail and sea transport). The global trucking industry generated a revenue of $773.46 billion in 2021 and is expected to touch $853.45 billion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[695],"tags":[888,281,818,301,921,922,903,344,484,960,920],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catch All The Insights of The Global Trucking Industry<\/title>\n<meta name=\"description\" content=\"In-depth analysis and key trends of the global trucking market, highlighting the role of logistics technology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.loginextsolutions.com\/blog\/global-trucking-market-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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