What percentage of trucking companies have less than 20 trucks?

The statistic indicating that 97.3% of trucking companies operate with less than 20 trucks highlights a significant trend in the industry. This figure reflects the structure of the trucking sector, which is largely composed of small companies rather than large fleets.

Many trucking operations are owner-operators or small businesses that cater to niche markets and regional transport needs. The prevalence of smaller fleets correlates with the flexibility and personalized service they can offer, helping them to maintain competitive advantages even against larger companies.

Understanding the fleet size distribution in the trucking industry is crucial for various stakeholders. It provides insight into potential market opportunities and influences regulatory decisions, resource allocation, and market dynamics. Recognizing that such a high percentage of trucking companies are on the smaller side can also inform policy-makers and industry leaders as they consider support measures for small business growth.