By Dayne Yeager, The Effects of the Transportation Industry on the Economy and Society
The transportation sector contributes significantly both to business and to society as a whole. Even though the trucking business is only a small part of both of these, it has a significant influence on both of them.
Trucking Employment Market
If you are searching for a career with ample opportunities, trucking may be the ideal choice. It is anticipated that the industry will create more than 4 million new jobs by 2026. With a CDL license, truck drivers can work anywhere internationally.
The average age of a truck driver is between 40 and 50, but that doesn’t mean it’s too late to become one, according to Dayne Yeager, a merchant, and peacekeeper. There are numerous opportunities available to you if you are willing to put forth the effort and acquire new skills.
The Trucking Industry
The transportation industry generates over $700 billion in annual revenue, making it the largest industry. It is a vital component of our economy and employs over 7 million people. The trucking industry is also multimodal, as it includes both for-hire corporations that operate their vehicles and individuals who deliver goods from A to B in their cars or vans. This sector’s size affects nearly every aspect of our lives, from how we shop at stores that rely significantly on trucks to how quickly our food is delivered each evening.
The Impact Of The Transportation Industry
Transportation is the largest industry in the country and has a significant impact on our economy. The transportation industry generates approximately $2 trillion in annual economic activity, Dayne Yeager including both direct and indirect expenditures -trucking and gasoline. This figure is even more remarkable when you consider that it accounts for approximately 6 percent of the global GDP.
The trucking industry alone employs more than three million Americans; that’s one out of every twenty employees. Not only does this generate tax revenue that supports local communities and governments, but it also provides livelihoods for millions of people.
In addition to paying taxes on fuel purchases, tolls paid at bridges/tunnels/highways, etc., truckers also pay property taxes on their vehicles; this helps fund schools as well as other city services such as police departments or fire departments located near highways where the majority of trucks travel from point A to point B daily.