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Year in Review: Reflections on the Trucking Industry

The end of the year seems like a good time to reflect, so I will take this opportunity to talk about why I am so proud of the trucking industry. Those of us in the trucking industry already know how vital we are to the economy, but I think we all need to do a better job of reminding the general public about our place. All you have to do is tell to someone to look around their home or office at all the things in it and then ask them how those things got there. Of course the answer is on a truck. Sure there are times when something like a huge snowstorm, hurricane, etc. will sideline trucks— but day in and day out trucks are traversing highways, streets, avenues and lanes to make deliveries. 
                                                 
                                                                 

Staggering Statistics
Every good that you buy has to make its way to you, and of all modes of transportation trucking is the most important. A staggering 80% of all cargo in America is transported by the trucking industry, four times as much as air (8%), pipeline (6%), rail (4%), and water (2%) combined! 
2017: Year in Preview
One thing most people seem to agree on is that business will improve. Michael Baudendistel raised target prices for stocks of companies that make transportation equipment, because of “optimism that the incoming administration could be a positive for many of the markets served by transportation companies.”

 






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