Truck Data Worth Knowing- Q & A

from Travelers and truckinfo.net

Q- How many truckers are in America?
A- 675,000 registered trucking accounts in the US according to Travelers. truckinfo.net reports almost half of that or 360,000 companies

Q- So how many trucks operate in the US?
A- Estimates are over 15 million trucks and just under 2 million of those are tractor trailers.

Q- How much is spent on Trucking Freight annually in the US?
A- $400 billion

Q- What is the average operating ratio ( profit) for trucking companies?
A- 95.2% or a profit of 4.8 cents on every dollar

That shipping companies paying truckers to haul freight just to be specific

Q- Total Amount of cargo theft in the US?
A- $30 billion

So that means that 7.5% of trucking freight payments are eaten by the shipper, the trucker, the insurance company, or the consignee. That $30 billion is passed on to shippers and truckers in higher premiums- and to the general public. A very big deal.

What would be ideal information from an underwriting context as to the values shipped so it could be understood what percentage of values is lost.