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A 2024 Trucking Industry Forecast Brought to You by Osborn

This year’s trucking industry trends have great opportunities in sustainability and moving towards a greener operation. As well as technology to improve route management and logistics in the future and employment and recruitment. In this article, we take a look at some of the data released in a few industry reports.  

Driving Advancements in Technology

According to Our World in Data, technological change underpins so many of the developments in health, agriculture, energy, and global development. It’s how Osborn delivers refrigerated goods with state-of-the-art trailer temperature reporting alerts. As technology continues to advance it will only make trucks smarter and improve vehicle efficiency. Connected trucks that use software to streamline fleet operations by managing loads, drivers, and customer relationships could be in our future.  

Staying in the Fast Lane Over the Competition

The US trucking industry has been under increasing pressure to reduce its carbon footprint. As shippers look for eco-conscious companies to do business with, companies will need to meet the demands of those consumers. This is why major manufacturers are already developing electric trucks to stay ahead of trucking industry trends.  

The Mileage of the Trucking Industry 

Until an infrastructure of charging stations can support electrifying US long haul trucks, fuel will always be in trucking industry statistics. Here’s a look at the numbers: 

  • As of January 1, 2024, tax of diesel fuel was $0.24 per gallon (source
  • In May 2023, the average weekly diesel price fell below $4 a gallon for the first time since February 2022 (source)  
  • Fuel costs were marked as the third highest concern in the US trucking industry (source)  

Owner-Operator and Employment Trends 

According to the median salary for trucking industry jobs is $40,4140. At Osborn, our drivers make over 20% above the industry average. With a driver-focused culture, Regional and OTR drivers at Osborn starts with a weekly paycheck that’s guaranteed. No fluctuation or mileage quota. What else does the data say about trucking industry jobs?  

  • The average owner-operator drives 2.8 million miles throughout their career (source).  
  • In 2022, there were 3.54 million truck drivers employed in the U.S. (an increase of 1.5% from 2021) (source).  

Trucking’s Crucial Role in the Economy 

The economy impacts everyone. In the Critical Issues in the Trucking Industry report of 2023, the economy was voted by truck drivers as the number one concern of the industry. On the other side of the same coin, the US trucking industry brings in about $650 billion of revenue each year, driving a huge contribution to the country’s gross income.

Start Driving with Osborn Son & Trucking

We’re hiring! Do you have your CDL-A and a year or more of clean truck driving experience? Let’s get you behind the wheel of an orange truck. A takeaway of the 2024 trucking industry forecast is the economy needs trucking and we need you. Call today 920-690-9895.