US TRUCKING, COURIER AND MESSENGER SERVICES, WAREHOUSING AND STORAGE REVENUES
The Commerce Department’s Census Bureau reported today that revenuesfor the nation’s for-hire trucking industry, couriers and messengers, and warehousing and storage industries increased by 7 percent between 1999and 2000, from $249 billion to $267 billion.
The tabulations, available on the Internet, for both employer and nonemployer firms, showed revenues in 2000 for trucking were up 6 percent, from $187 billion to $199 billion; courier and messenger services revenues rose 11 percent, from $50 billion to $55 billion; and warehousing and storage revenues rose 4 percent, to $13 billion.
The overwhelming majority of 2000 revenues from these industries — 89 percent, or $237 billion — was recorded by employer firms (establishments with paid employees).
The following are highlights for selected industry groups, (employer firms only) for 2000:
Truck transportation services
— General freight trucking generated 64 percent, or $109 billion, ofthe trucking industry’s revenues; long-distance trucking accounted for 86 percent of the general freight revenues and showed a growth rate of 8 percent, to $94 billion.
— Specialized freight trucking accounted for 36 percent of truck revenues; this industry showed a 3 percent increase, to $62 billion.
Couriers and messengers
— Couriers’ revenue accounted for 92 percent of the courier and messenger industry’s revenues; it grew by 12 percent, to $48 billion.
— Local messengers and local delivery revenues were up 7 percent, to $4 billion.
Warehousing and storage
— General warehousing and storage revenue grew by 6 percent, to $7 billion, accounting for 54 percent of the total revenue of the warehousing and storage industry.
Shipments and miles traveled
— Revenue from shipments of electronic and precision instruments, and automobiles and other vehicles increased by 10 percent, to $10 billion.
— Revenue from hazardous materials shipments increased by 5 percent, to $10 billion.
— Highway miles traveled by for-hire trucks increased by 4 percent,to 87 billion miles.
Truck transportation excludes private motor carriers that operate as auxiliary establishments of nontransportation companies. The survey also produced estimates of the cost of purchased transportation and inventories of revenue-generating equipment for this industry.
The selected transportation industries estimates are part of the 2000 Service Annual Survey report. Tables for other selected industries in the report show separate taxable and tax-exempt estimates. Subsequent reports will cover computer services, selected financial industries, the health sector and information.
The data are subject to sampling variability and nonsampling errors.
Sources of nonsampling error include errors of response, nonreporting and coverage. Measures of sampling variability, presented as relative standard errors, are shown in the tables.
CONTACT: Brad Stovall/Katie White Tel: +1 301 457 2789
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected].
(C)1994-2001 M2 COMMUNICATIONS LTD
