Trucking revenues up 9.7% over Q1 2011
June 8, 2012
The for-hire trucking industry generated $53.739 billion in revenue during the first quarter of 2012 — down 3.1% from the fourth quarter of 2011 but up 9.7% over the first quarter of 2011, according to the U.S. Census Bureau’s Quarterly Services Survey. Compared to the first quarter of 2010 — one of the weakest quarters in trucking in years — revenues were up 23.3%. Revenues in the most recent four quarters totaled $219.734 billion, which is 10.4% higher than the same period a year earlier.
Revenue growth in specialized trucking slightly outpaced that in general freight — 10.5% over the first quarter of 2011 compared to 9.4%. Within the general freight category, local trucking revenues grew 10.7% while long-distance trucking revenues increased 9.2%.
The complete Quarterly Services Survey report is available at www.census.gov/services/index.html.
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