Jan. 30, 2010
As of 2006, there were $1.8 million truckers.
Over 80% of all communities in the US rely exclusively on trucks to deliver all of their fuel, clothing, medicine, and other consumer goods. The trucking industry employs 10 million people (out of a total national population of 300 million)[in jobs that relate directly to trucking. The trucking industry is the industry of small business, considering 93% of interstate motor carriers (over 500,000) operate 20 or fewer trucks.
Long-haul truckers are aging. Young men are not replacing them. Wages/payments will rise. This job may be the worst in America in terms of stable marriages. It is a career with a guaranteed future for single men and single women . . . until rising fuel costs squeeze them.
This is why freight-hauling railroads are the wave of the future. When Warren Buffett bought Burlington Northern in 2009, he made a good investment.
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