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A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi".. The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
Starting in 1910, the development of a number of technologies gave rise to the modern trucking industry. With the advent of the gasoline-powered internal combustion engine, improvements in transmissions, the move away from chain drives to gear drives, and the development of the tractor/semi-trailer combination, shipping by truck gained in popularity. [1]
The Global Industry Classification Standard (GICS) lists transport below the industrials sector. The sector consists of several industries including logistics and air freight or airlines, marine, road and rail, and their respective infrastructures. Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA).
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On Monday, President Joe Biden and Transportation Secretary Pete Buttigieg gathered in front of trucks on the White House South Lawn to highlight progress in the industry. "Trucking moves about 70 ...
Freightliner M2 dump truck. A truck or lorry is a motor vehicle designed to transport freight, carry specialized payloads, or perform other utilitarian work.Trucks vary greatly in size, power, and configuration, but the vast majority feature body-on-frame construction, with a cabin that is independent of the payload portion of the vehicle.
The Federal Motor Carrier Safety Administration (FMCSA) is an agency in the United States Department of Transportation that regulates the trucking industry in the United States. The primary mission of the FMCSA is to reduce crashes, injuries, and fatalities involving large trucks and buses.
The trucking industry in the United States annually generates around $740 billion in revenue. [47] In 2021, there was approximately 2.1 million truck drivers in the United States; American truck drivers earn a median annual salary of $48,310. [48]