Several report in recent months suggest that the U.S. economy is steadily recovering. However, you might be surprised to learn that the trucking industry has played a large economic role in turning the country around.
According to an American Trucking Association (ATA) report, $603.9 billion in freight was transported using trucks in 2011, which accounts for over 80% of the total freight transportation revenue. As economists have addressed in the past, a critical factor in achieving a successful economy is a low unemployment percentage. The trucking industry is making great strides in helping this number by keeping over 6.8 million employed, according to the ATA’s publication American Trucking Trends.
“This year’s edition of Trends makes it clear that following the Great Recession, trucking continues to lead the nation’s economy back into a higher gear,” says ATA’s Chief Economist Bob Costello. “The data in Trends should be a guide for business executives and policy makers across the country as they chart the course for our continued recovery.”
The positive changes in the U.S. economy and the trucking industry is freeing up a little financial breathing room for logistics companies. Additionally, they’re taking advantage of this extra income to ensure they can continue to see rising profits from implementing or upgrading a GPS Fleet Tracking System.
Modern GPS Fleet Tracking Systems have a strong ROI and provide companies and fleet managers tools they’ll use every day to save money and time. In addition to these benefits, these systems also optimize businesses to make daily operations easier and to avoid expenses incurred from idling, speeding fines, hours of service violations, and more.