The increasing maturity and stability of trucking technology start-ups is evidenced by a decline in the volume of early-stage deals in 2018.
New truck registrations across the European Union grew by 3.5% last year compared to 2017.
As in 2017, for-hire and private fleets account for half of aftermarket parts demand of Class 6-8 trucks and trailers.
Dealers have increased both new and used truck sales. Equipment turns averaged 649,000 miles.
The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, hit an all-time high of 138.7 in November 2018.
It's taking longer for loads to arrive, and the DOT currently projects the weight of goods moved by truck to rise by close to 34% by 2045.
The price of crude oil has increased since last year, with regular gasoline increasing 10% and diesel only seeing an increase of 1%.
Average U.S. retail fuel prices for propane, ethanol, biodiesel, gasolin, diesel, etc., since 2000 are shared.
In 2018, Texas had the highest numer of drivers employed by state with 182,370 but an annual mean wage of $44,260. Private fleets pay higher on average than for-hire fleets, with the Northeast topping the list at $65,796 per year.