The trucking industry is a leading indicator of the United States economy. Today, many industries rely on the trucking industry to transport their freights. They are also a good option to deliver safe and on-time products from the manufacturing site to the warehouse. When the industry face problem, many companies will not function well. These can cause loss of revenue and recession. So, you need to know crucial facts about the industry before deciding to become a part of it. These include knowledge about the New Mexico Permit, IFTA license, WDT New Mexico, IRP Plates, and many more. This is because many entrepreneurs have joined the bandwagon of the trucking business without knowing about its detail. In this blog, Global Multi Services will take you through facts about the trucking industry. Let’s dive in.
The Backbone Of The Country’s Economy
The United States economy depends on the trucking industry to transport freight and keep supply chains moving. According to research, the industry transports 70% of the country’s consumable goods to their destination. Reports have also shown that trucks move over 10 billion tons of freight and generate over $700 billion in annual revenue.
New Mexico Permit Is Mandatory
New Mexico is one of the states in the US that charges WDT New Mexico on motor carriers traveling across the state highway. All motor carriers operating across the state with a Gross Vehicle Weight of 26,000 pounds and above need to obtain a New Mexico Permit and New Mexico WDT to stay compliant.
There Is Driver’s Shortage
More than 3 million drivers work in the trucking industry. Truck drivers face difficulties from many hours on the road to days away from home. These have made it difficult for the industry to meet customer’s demands and keep Over-The-Road truck drivers. Demographic shifts are also impacting the industry. Statistics have shown that the average age of many truck drivers is 40-55 years. This shows many truck drivers are approaching retirement, and other people are not ready to work in the field. With these statistics, the American Trucking Association have estimates that the industry has over 50,000 driver shortages, and the number is increasing every year.
Types Of Drivers With New Mexico Permit
Truck drivers involve two categories: These include Over-The-Road drivers and regional drivers. Both drivers require New Mexico Permit to travel across the New Mexico state.
They are truck drivers responsible for the transportation of freight throughout the United States. They often spend days and weeks on the road before returning to their families.
They are truck drivers responsible for the transportation of freight within regions. They spent hours on the road but complete their shift at night except on occasional trips.
Technology Is Impacting The Industry
The development of technology has also positively impacted the trucking industry. Many trucking companies use automated software to track freight, update customers and drivers, record miles travel by truck, and many more. Electric trucks are also making their way into their trucking industry.