What is Long Haul Trucking?
Long-haul trucking (commonly abbreviated LHT) is defined as commercial truck voyages that are more than 200 miles from origin to destination. It is also known as over-the-road (OTR) trucking. In addition, there is a Minnesota-based company with the generic name of “Long Haul Trucking, Inc.”
How many long-haul truck drivers are there?
There are approx. 1.8 million professionally-employed Long-haul truck drivers in the U.S. Drivers are required to have a commercial driver’s license (CDL) and must adhere to the regulations for driving a commercial motor vehicle (CMV). It is estimated that there is currently a shortage of 44,000 truck drivers in the U.S.
How big is the long-haul trucking industry?
Long-haul trucking transports $9 trillion worth of goods annually, which is 69 percent of all commercial freight activity in the U.S. The industry employs 1.8 million drivers.
What technology is changing the long-haul trucking industry?
The biggest intermediate-term technology that will affect long-haul trucking is autonomous driving. More than 30 percent of the cost of transport is driver labor – as much as $2,000 for a cross-country run. Self-driving trucks could significantly reduce that number. In addition, long-haul truckers are limited to 11 hours of driving per day, a number than could double with self-driving vehicles.
How much does a long-haul trucker earn?
Pay is calculated on per-mile compensation, generally between $.28 and $.40 per mile. Based on miles driven and seniority, a long-haul trucker can make $40,000 – $60,000 per year, plus per-diem payments. Compensation has increased 17 percent in the past three years.