Trucking revenues up 1.6% in first six months
September 4, 2013
Revenues for the for-hire trucking industry totaled $113.858 billion during the first six months of the year, up 1.6% from the same 2012 period, according to the U.S. Census Bureau’s Quarterly Services Survey. A 4.7% increase in revenues in the dominant general freight segment — 70% of total trucking revenues — offset a 5% drop in revenues in specialized freight.
For the second quarter, total for-hire trucking revenues were $59.44 billion — up 9.2% from the first quarter and 2.3% from the second quarter 2012. Quarter over quarter, specialized freight revenues jumped 14.9% — not too surprising given that much of that is linked to construction, which is typically soft during the first quarter of the year. General freight revenues were up 6.9%. Year over year, however, specialized freight revenues fell 2.9% while general freight revenues rose 4.8%.
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