EMBARGOED UNTIL: 12:01 A.M. EST, DECEMBER 21, 1999 (TUESDAY)
Public Information Office CB99-244
301-457-3030/301-457-3670 (fax)
301-457-1037 (TDD)
e-mail: pio@census.gov
Hampton Wilson
301-457-2763
Trucking and Warehousing Revenue Up in 1998,
Census Bureau Reports
The nation's for-hire trucking and warehousing industries recorded
1998 operating revenues of $197 billion and $14 billion -- respectively
8 percent and 12 percent increases over 1997, according to data released
today by the Commerce Department's Census Bureau.
Specific changes between 1997 and 1998 in revenues and expenses in the
for-hire trucking industry (i.e., trucks not owned or operated by the
company initiating the shipment) included:
- Long-distance trucking revenue totaled $120 billion, up 5 percent from
1997, and accounted for 61 percent of all for-hire trucking revenue.
- Local trucking revenue rose 13 percent, to $67 billion.
- Other 1998 operating revenue for the industry (e.g., from warehousing
and storage operations, snowplow work and parking and storage of
vehicles) totaled $10 billion.
- Total for-hire trucking expenses, including secondary trucking
operations, rose 5 percent in 1998, to $180 billion.
Changes between 1997 and 1998 in revenues and expenses within the
warehousing industry included:
- General warehousing and storage revenue increased 18 percent, to
$9 billion, and represented 61 percent of all public warehousing and
storage revenue in 1998.
- Refrigerated warehousing revenue in 1998 amounted to $2 billion and
accounted for 17 percent of all public warehousing and storage
revenue.
The estimates from the 1998 Transportation Annual Survey are subject to
sampling and nonsampling error. 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.
-X-
