How Do Trucking Companies Make Money? 🚚

What we’re showing

The average truckload carrier’s revenue and expenses per mile in the U.S. This data comes from a J.P. Morgan analysis featured in a 2024 report by Global X (see data source tab).

Key takeaways

• The average carrier earns an operating profit of 16 cents per mile.
• 43% of expenses are driver-related (wages and benefits).

Looking to the future

Because a large share of expenses are driver-related, autonomous trucking could greatly increase companies’ margins.

A small number of U.S. companies are focused on autonomous trucking, including Kodiak Robotics, Aurora Innovation (NASDAQ: AUR), and TuSimple (NASDAQ: TSP).