Transportation revenues thrived in 2007
Jan 12, 2009 2:41 PM
Truck transportation, couriers and messengers, and warehousing and storage revenues increased 3.5 percent to $325 billion in 2007, according to the U.S. Census Bureau.
The report, 2007 Service Annual Survey: Truck Transportation, Couriers and Messengers, and Warehousing and Storage, provides estimates of revenue, size of shipments, revenue by commodity shipped, origin and destination of shipment, and inventories of revenue-generating equipment for firms with paid employees.
Truck transportation revenues saw a 3.2 percent gain from 2006, reaching $229 billion in 2007. General freight trucking contributed approximately two-thirds of all trucking revenue: $153 billion in 2007. The remaining $76 billion in revenue was from trucks transporting specialized freight that required equipment such as refrigerated trailers, flatbeds, or tankers.
Specialized freight trucking revenue rose 4.7 percent in 2007. Local specialized freight (excluding used goods) accounted for $33 billion.
U.S. commercial trucks traveled 94 billion miles in 2007. Long-distance general freight revenues increased 2.5 percent to $127 billion, while local general freight trucking revenues grew 2.1 percent to $26 billion.
Trucking within U.S. borders accounted for 96 percent, or $205 billion, of motor carrier revenue in 2007. Revenue generated from truck transportation with origins in Canada, Mexico, and all other destinations was $5 billion.
Motor carrier revenues were up 3.1 percent to $214 billion in 2007. Local motor carrier revenue accounted for $73 billion, a 5.0 percent gain.
Warehousing and storage revenues advanced 4.9 percent to $22 billion in 2007. Farm product warehousing and storage revenue climbed to $836 million in 2007, a 9 percent rise in revenue over 2006 figures.
See www.census.gov/svsd/www/cv.html for measures of sampling variability and other survey information.
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