How The Trucking Industry Affects Economic Efficiency

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Over the years, the trucking industry has remained one of the largest and most important economic engines in the United States. Without it, we wouldn’t be able to transport raw materials, consumer goods, medications, or the essential supplies for natural disasters. Manufacturers would not be able to supply the quantities of goods needed to serve their customers. Thus, a huge amount of reliance is placed on trucking since it’s one of few ways available to transport goods.

Truck Drivers are a Huge Factor

Starting the wheels of progress without a strong foundation of assets and man-power to do the job can be quite challenging. Similarly, the economy struggles to move up and to the right without a strong infrastructure in place to keep things moving. With all of the effort going into creating and maintaining a larger driver pool and enabling them to maximize miles on the road, it’s important to recognize the part truck drivers have in making the whole thing work.

Around 70% of all the nation’s freight is moved by truck. The companies that own these trucks work in partnership with public safety organizations, including the Department of Transportation, the Federal Motor Carrier Safety Administration, other government and local police agencies, as well as technology companies that help to ensure the safe transport of goods all around the country.

Truck drivers are also responsible for ensuring that their truck is properly maintained and in good condition before, during, and after operations. A safety requisite that many other professions don’t require. This includes but is not limited to:

  • Regular inspections of the truck & trailer
  • Following preventive maintenance schedules according to recommended intervals.
  • Ensuring personal health records and licenses are up to date and compliant.
  • Maintain strict employment history proof

In addition, truck drivers must adhere to required hours of service rules according to the FMCSA regulations. They need to keep track of their driving time and record it in an electronic logging device (ELD), including waiting, stops for fuel and maintenance, bad-weather driving, and rest periods. All these duties are necessary to ensure efficient and safe trucking operations and often times aren’t given the recognition they deserve.

The Major Benefits of the Trucking Industry to Businesses

Trucking provides millions of jobs for Americans and supports a huge number of businesses across the country, including those you pass every day on your commute. Also, many strides have been made to increase efficiency and cut costs while remaining an integral part of the economy. These small changes significantly affect the economic contribution and costs of the trucking industry for the country.

More competitive prices in the market

The trucking industry naturally enables there to be more fair competition amongst manufacturers and suppliers of goods and services as well. Without the improving efficiency of the trucking industry, products would be more expensive than they are today and Americans would have to deal with longer shipping windows.

Reliable and Fast Shipping

Delayed shipments can slow down production and decrease revenue for companies. Not to mention the unforeseen delays that can be caused by interrupted movement of goods. The trucking industry allows for reliable and fast product shipping at relatively low prices compared to other options. 

Thanks to reliable fleet management software and consulting companies like DOTReady, managing fleet compliance & operations is now easy and accessible to companies of all sizes. We help customers prepare their business for the DOT, FMCSA, and all other federal regulators pertaining to transportation. We also design, implement, and support cutting-edge fleet management solutions to help simplify the fleet management requirements inside of motor carriers.

More To Explore

FMCSA Resources

What is the Federal Motor Carrier Safety Administration

The FMCSA is the lead federal government agency responsible for regulating and providing safety oversight of commercial motor vehicles (CMVs), to include more than 500,000 commercial