FOR IMMEDIATE RELEASE WEDNESDAY, JANUARY 15, 2003 Patricia Buscher CB03-14 Public Information Office (301) 763-3030/457-3670 (fax) (301) 457-1037 (TDD) e-mail: pio@census.gov Quotes and radio sound bites Revenues from Transportation and Warehousing Total $264 Billion in 2001 Private trucking, couriers and messengers, and warehousing and storage industries reported revenues totaling $264 billion in 2001, the Commerce Department's Census Bureau said today. Tables from 2001 Service Annual Survey Truck Transportation, Couriers and Messengers, and Warehousing and Storage, showed these highlights for employer firms:
Truck transportation excludes private motor carriers that operate as auxiliary establishments of nontransportation companies. Results of the survey also provide estimates of the cost of purchased transportation and inventories of revenue-generating equipment for this industry. The data are subject to sampling variability 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 selected tables of the product. -X-
- General freight trucking generated 64 percent, or $107 billion, of the trucking industry's revenues; long-distance trucking, in turn, generated 86 percent, or $92 billion, of that.
- Specialized freight trucking accounted for 36 percent, or $60 billion, of total truck revenues, which represented a 3 percent decrease from the previous year.
- Revenues from hauling pharmaceutical and chemical products fell 9 percent to $8.5 billion.
- Couriers' revenues grew by 2 percent to $49 billion.
- Local messengers and local delivery revenues were $4.2 billion.
- General warehousing and storage revenues were $7.4 billion, or 56 percent, of total warehousing and storage revenues.
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