Economy
March 13, 2019
Burg: Trucking Issues Constrain the Economy
Written by Tim Triplett
Editor’s note: Jim Burg will be a panelist at Steel Market Update’s Steel Summit Conference Aug. 26-28 in Atlanta.
The U.S. economy is dependent on trucks. Trucking moves 50 percent of U.S. GDP. Seventy percent of all freight can only reach consumers by truck. Trucking employs 7.3 million workers of which 3.8 million are truck drivers. The link between economic growth and trucking is clear. Yet the trucking industry is constrained by a shortage of qualified drivers and other disincentives to new investment.
