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Research Outline
Prepared for francis w. | Delivered March 18, 2020
Fleet Revenue, Annual Miles, and Segments
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Goals
To identify: 1. Revenue presented by each fleet size, 2. Average annual miles driven in each fleet size 3. A proxy of the number of fleet companies in each fleet size segment.
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Early Findings
Average Annual Miles per Commercial Fleet Vehicle (2018)
Compact cars:
21,168
Intermediate cars:
23,412
Pickup trucks:
23,340
Minivans:
23,940
Sport utility vehicles:
22,800
Full-size vans:
21,888
Average Annual Miles per Federal Government Fleet Vehicle (2017)
SUVs:
9,795
Sedans:
9,216
Passenger vans:
8,790
Buses:
8,424
Ambulances:
7,028
Heavy trucks:
6,929
Light trucks:
6,536
Medium trucks:
6,289
LSEVs:
1,092
Note:
"Light trucks = less than
8,500
pounds gross vehicle weight (GVW)."
"Medium trucks =
8,501-23,999
pounds GVW. "
"Heavy trucks =
24,000
pounds GVW or more."
"LSEVs =
low-speed
electric vehicles."
Revenue
"The U.S. trucking industry can be divided into three main sectors:
full truckload
(FTL), less-than-truckload (LTL), and couriers."
2018 Revenue of the Largest U.S. FTL Carriers
J.B. Hunt: +
$8 B
Schneider National:
$4.5 B
Knight-Swift:
$5 B
Top LTL Carriers
FedEx Freight:
$7.3 B
Old Dominion
XPO Logistics
YRC Freight
Old Dominion, XPO Logistics, and YRC Freight generated between
$3 and 4 billion
in revenue from LTL shipments.
Top Couriers in the United States
U.S. Postal Service
FedEx:
$29 B
(in 2019)
UPS: $
43.6
B
"However,
not all
this revenue can be directly attributed to the courier sector of the trucking industry."
Summary
For the initial hour, we were able to identify insights on the average annual miles driven for each fleet size. Information on revenue by each fleet size did not appear available, however, we were able to find some initial insights on revenue for the overall trucking industry and identified top companies in each sector and included revenue, where available. A proxy of the number of fleet companies in each fleet size segment also did not appear publicly available.
We were able to compile the research on average annual miles driven in each fleet size and put it in a
spreadsheet
.
In the course of our research, we came across information on the top telecommunication, construction, and food and beverage fleets in the USA, which might also be of interest.
Feel free to add or select an option below.
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