The Diesel Technology Forum (DTF), a not-for profit educational association representing diesel engine and equipment and vehicle manufacturers, component suppliers, fuel refiners and emissions control technology manufacturers, commissioned a research team to analyze the importance of diesel power to the U.S. economy.
Among the results were the following:
Over 740,000 diesel engines were manufactured in facilities in 14 states, in 2016.
$455 billion in economic wealth was generated in the U.S. production of diesel technology, encompassing engines, components, emission control technologies and clean diesel fuel (2009).
Half of all economic sectors in the U.S. are reliant on diesel technology to move people and goods and perform work.
The manufacture of U.S. made diesel technology supports 1.25 million jobs while wages in the diesel technology producing sector pay 60% higher than the national average.
Ninety-five percent of heavy-duty commercial trucks on U.S. roads are manufactured in the U.S. Thirty percent of these trucks are 2011 and newer models.
Diesel technology is an export powerhouse, with $46 billion of U.S. made technology reaching markets overseas.
The U.S. Energy Information Agency predicts that, thanks to new found oil and gas reserves, the U.S. will be a net energy exporter in the coming years. Expanding production and exports of oil and gas products, including ULSD, is expected to grow employment in the sector to 1.3 million jobs, according to the American Petroleum Institute.
Looking at just the construction equipment industry, the Association of Equipment Manufacturers recently concluded that the production of construction equipment will offer many Americans a well-paying job and benefit communities across the country: 1.3 million jobs and $158 billion in economic value. In fact, the average wage in the industry exceeds the national average paying workers about $78,000 per year.
To read the full report from DTF, click here to be redirected to the PDF.
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