General freight trucking revenues up 5% in Q1
June 7, 2013
Revenues posted by general freight trucking companies totaled $38.394 billion in the first quarter of 2013, up 5% compared to the same 2012 quarter, according to the U.S. Census Bureau’s latest Quarterly Services Survey. Long-distance general freight revenues were up 5.5% while local general freight revenues were up only 1.6%. Revenues for the entire for-hire trucking industry were virtually flat year over year, rising a mere 0.3% to $54.149 billion. That’s because revenues for specialized freight trucking fell 9.6% to $15.755 billion.
Although trucking revenue growth was slight over the first quarter of 2012, comparisons to earlier years show the strength the recovery. For-hire trucking revenues were up 10.6% over the first quarter of 2011 and 24.3% over the first quarter of 2010.
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