Fixed transportation assets reflect the important role of both the
public and private sectors in moving freight. Freight railroad facilities and
services are almost entirely private, while private-sector trucks operate over
public highways. Air-cargo services in the private sector operate in public
airways and mostly public airports, and ships in the private sector serve
public waterways and both public and private port facilities. Pipelines are
mostly privately owned, although significantly controlled by public regulation.
In the public sector, virtually all truck routes are owned and maintained by
state or local governments. Airports and harbors are typically owned by public
authorities, although terminals are usually owned or managed by private
operators. Air and water navigation is mostly controlled by the Federal
Government, and safety is regulated by all levels of government.
Total private and public fixed assets grew from about $4.9
trillion in 2010 to more than $6.9 trillion in 2019 (current U.S. dollars). Transportation equipment and
structures (private and public) accounted for approximately 44.6 percent of the total
U.S. assets in 2019. The components of transportation fixed assets and their
2019 values are private transportation equipment ($1.69 trillion), private transportation
structures ($515 billion),
and government transportation structures ($4.75 trillion).
Value of annual transportation infrastructure construction put in place
and local governments are a major source of funding for transportation
infrastructure construction. In 2020 the value of government-funded transportation construction
underway was nearly $143.3 billion, accounting for 90.0 percent of total spending on transportation construction. Approximately three-fourths of public sector funding went to highways and
streets; the remainder supported the construction of airport terminals and
runways, transit and water transportation facilities, and pedestrian and
Gross domestic product (GDP) attributed to transportation by mode
total estimated contribution to U.S. GDP was $1,298.1 billion in 2019. For-hire transportation
contributed $701.0 billion (3.2 percent) to U.S. GDP. In addition to using for-hire
transportation services, many non-transportation industries also undertake
transportation activities for their own purposes (called in-house
transportation). In 2019, in-house transportation services (air, rail, truck,
and water) contributed $237.7 billion (1.1 percent) to GDP.
contributed the largest amount of all the freight modes, at $368.9 billion. For-hire transportation services
contributed $169.8 billion while in-house trucking operations contributed $199.1 billion. In comparison, total household transportation’s contribution to
GDP was $359.5 billion,
larger than any of the other transportation modes.
Real quarterly gross domestic product (GDP) and Freight Transportation Services Index (TSI)
The Freight Transportation Services Index (TSI) measures the month-to-month volume of
goods moved by the for-hire transportation industry, and the Gross domestic product (GDP)
includes the monetary value of all goods and services produced within the U.S. The Freight
TSI increased by 37.1 percent while the real GDP increased 41.6 percent between the third
quarters of 2000 and 2018. The Freight TSI and GDP tend to rise and fall at the same time. The
magnitude of growth and decline often is different because GDP includes many sectors besides
Freight Transportation Services Index (TSI) modal data
Trucking grew the fastest among the
freight modes measured in the TSI. According
to the American Railroad Association, rail intermodal growth was due largely to
competitive pricing, track upgrades, and investment in rail intermodal
terminals and other infrastructure. Rail carloads was the only mode to
decline during this period.
Economic characteristics of transportation and warehousing establishments in freight-dominated modes
industry has many components, encompassing companies large and small. All told
there were over 237,000 transportation and warehousing establishments
(excluding rail) in 2017, with more than one-half of those primarily engaged in
trucking. Revenue generated by trucking accounted for 32.5 percent of
transportation and warehousing sector revenue, while warehousing accounted for
a small percentage of the total.
Economic characteristics of freight railroads
In 2019, Class I freight and operating revenues both decreased 2.5 percent, over 2018 levels. The $71.3 billion in freight revenue and $74.3 billion in
operating revenue in 2019 represented respective increases of 115.5 and 117.9 percent since 2000.
Labor productivity in select transportation industries
Between 2000 and 2020, output-per-hour
worked grew by 80.8 percent in line-haul railroading (line-haul
railroads do not include switching and terminal operations or
short-distance/local railroads). Long-distance, general-freight trucking output-per-hour
worked grew by 23.9 percent over the same period. (Long-distance, general-freight trucking establishments exclude local
trucking and truck operators that require specialized equipment, such as
flatbeds, tankers, or refrigerated trailers.) Air transportation output-per-hour worked grew 114.8 percent (126) between 2000 and 2019 but declined sharply in 2020 (54).
Employment in for-hire transportation establishments primarily serving freight
Employment in the
truck, water, and pipeline industries has grown since 2000, while air and rail transport has experienced a decline in the number of employees. Between 2000 and 2020, employment
in the air transportation industry declined by 30.0 percent. Trucking in 2020 accounted for 26.4 percent of total transportation and
warehousing sector employment.
Employment in select freight transportation-related occupations
Freight transportation jobs are not limited to for-hire carriers. Truck
driving is by far the largest freight transportation occupation in the United
States, and many drivers work for retailers and other establishments with
shipper-owned trucks. There were approximately 3.15 million truck drivers in 2020; about 57.1 percent of these
professionals drive heavy/tractor trailer trucks, 29.5 percent drive light/delivery service trucks,
and about 13.4 percent
are driver/sales workers.
Average hourly wages in select freight transportation-related occupations
wages for different freight-related occupations vary widely. In 2020 ship engineers and
captains and pilots of water vessels were among the highest paid freight
Producer Price Indices (PPI) for select transportation services
2010 to 2020, the
prices charged for transportation purchased from carriers and support
activities have gone up in all industries shown in this table. Rail
transportation prices increased by 26.7 percent while truck and air prices
increased by 22.3 and 2.4 percent, respectively.
Average freight revenue per ton-mile
The average freight revenue per ton-mile compared to the Producer Price Index increased for all freight modes. From 1990 to 2018, the truck mode experienced the largest increase, rising by 152.5 percent, followed by oil pipeline at 142.2 percent, and domestic air carrier by 130.3 percent. Class I rail, defined as line-haul freight railroads with annual operating revenues of $489.9 million or more as of 2018, experienced the smallest increase in revenue per ton-mile of 59.2 percent over the 1990 to 2018 period.
Monthly diesel and jet fuel prices
for diesel and jet fuel peaked in summer 2008, followed by a sharp decline
during the economic recession. Between 2011 and 2014, diesel and jet fuel
prices were relatively stable, with shorter term or less severe changes. In
2020 both diesel and jet fuel prices declined before trending upward in 2021 and have remained
stable since then.
U.S. Department of Transportation, Bureau of Transportation Statistics, Freight Facts and Figures (Washington, DC: 2019).
Freight Facts and Figures, developed by the Bureau of
Transportation Statistics, is a collection of charts and statistical
tables about freight transportation in the United States. These
interactive visualizations and tables provide a snapshot of freight
movement; the extent, condition, and performance of the freight
transportation system; the economic implications of freight movement;
and the safety, energy, and environmental impacts of freight