45 days ago • Posted by William Ramstein
The global addressable market for freight trucking is $4 trillion.
The global freight trucking market is a $4 trillion annual revenue industry (or Total Addressable Market; TAM). The United States represents about 20% of the global market, or nearly $800 billion. The middle mile (greater than 150 miles per delivery) is 60% of the addressable market and is the first focus segment for TuSimple. It is developing lane operations on 5-6 major highways which represent 80% of the domestic trucking market.
Source: Bank of America