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Trucking is "Nation's Lifeline"

Posted by Tim Phillips on Jan 25, 2022 9:34:05 AM

The trucking industry moved 10.23 billion tons of freight in 2020, generating $732.3 billion in revenue, according to the latest edition of American Trucking Associations’ American Trucking Trends 2021. It is truly "our nation's lifeline," and CMA/Double Coin is honored to be part of it!

We couldn't agree more with ATA Chief Economist Bob Costello who said,  “We knew that the pandemic had a significant impact on our industry, but this year’s Trends shows that despite those challenges, the trucking industry remained our nation’s lifeline – delivering the life-saving and life-sustaining essentials our country needed in a time of great need."

Among the findings in the ATA annual report:

  • Trucking employed 7.65 million people in industry-related jobs, including 3.36 million professional truck drivers.
  • Women made up 7.8% of the nation’s drivers – an all-time high – and minorities account for 42.3% of truck drivers.
  • Trucking remains a small business industry: 91.5% of fleets operate six or fewer trucks, and 97.4% operate less than 20.

Double Coin TBR tires are performing an increasingly important role in the industry. According to Modern Tire Dealer magazine, Double Coin is in a very respectableUS TBR Market Share - 2020 position in the US medium truck tire replacement market at 5%. At 7th place, we are just below a handful of widely recognized tire manufacturers, and we’re well ahead of several quality competitors.

From the RLB400 closed shoulder drive tire delivering outstanding tread wear and traction, to the RR150 providing anti-scrubbing on spread axles, Double Coin has a comprehensive line-up of TBR tires, including our OptiGreen fuel efficient products.

For a market as big as the US (18.5 million units in 2020), 5% market share represents a lot of tires on the road. We sincerely appreciate all our customers for their continued patronage! Obviously, many American fleets and owner operators agree that “The Smart Money is on Double Coin!”

We Have Supply

While some competitors are experiencing severe shortages, CMA / Double Coin has continued to keep up the pace. I believe customers are closely looking at their product portfolio and have come to the conclusion that they must align their business with CMA/Double Coin since we can provide production availability, long-term performance and a lower cost of ownership.   

Please contact me about Double Coin tires

Double Coin Coast to Coast TBR

 

Topics: Trucking industry, Double Coin tire brand

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About Double Coin

Double Coin tires deliver exceptional value for a wide variety of commercial applications, including trucking, construction, mining, ports and agriculture. Our goal is to provide valuable information for those working in these industries. "Smart" wins in today's competitive business environment.

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