The last available Tank Truck Industry Market Analysis done for the National Tank Truck Carriers (NTTC) by the American Trucking Association (ATA), published in March, 2015, offered interesting findings:
- In 2013, the tank truck industry hauled 2.48 billion tons of freight, which equaled 25.6% of all truck freight (9.68 billion tons).
- The largest commodity group for all tank truck freight was petroleum products (gasoline, diesel, and aviation fuel), which equaled 1.22 billion tons or 49.2% of all tank truck tonnage, followed by sands at 419.9 million tons (15.2%), and chemicals excluding fertilizers and cryogenics at 240.9 million tons (9.5%).
- In 2013, the tank truck industry generated $34.5 billion in revenue, which equaled 5.1% of all truck revenue ($681.7 billion).
- The commodity group that generated the most revenue for for-hire carriers in 2013 was chemicals, excluding fertilizers and cryogenics, at just under $7 billion, or 28.3% of all for-hire tank truck revenue. Closely following chemicals was petroleum products, which brought in $6.8 billion in revenue in 2013, or 27.5% of all for-hire tank truck revenue. Cements were a distant third at $2.3 billion, or 9.5% of the total.
- In 2013, the tank truck industry operated 163,670 tractors, or 10.9% of the roughly 1.5 million of all over-the-road tractors in the US.
“The study offered first-rate economic market intelligence that never before existed leaving most to rely on anecdotal guesstimates about our unique industry at best”, said NTTC President Daniel R. Furth. “Now industry players can really gauge the varied service segments and their respective market shares and apply this intelligence to planning and operations. Moreover, the study gave us a solid baseline to track market trends by commodity types over time as new commodity flow information becomes available.”