What percentage of for-hire and private motor carriers have more than 20 trucks?

The correct response highlights the statistic indicating that only a small percentage of for-hire and private motor carriers operate more than 20 trucks. This reflects the structure of the trucking industry, where the majority of carriers tend to operate smaller fleets.

The statistic of 2.7% underscores how most trucking operations consist of smaller companies with fewer trucks. This is important for understanding the market dynamics and the competitive landscape of the trucking industry. Smaller carriers can often provide specialized services and are sometimes more agile in adapting to changes in the market compared to larger trucking companies with extensive fleets. This information is crucial for industry stakeholders when considering market entry, competition, or regulatory impacts on different sizes of carriers.

In summary, the data shows just how prevalent smaller trucking operations are in the industry, contrary to the implied notion that a majority of companies have extensive fleets.