Here at On Time Logistics, we know that life is not about the numbers, that it’s about the moments. But as a logistics company, we also know how valuable the numbers are in telling the stories, sharing those moments.
This 4th of July demonstrates not only our 241st birthday as a nation, it shows some of the strongest signs of economic recovery we’ve seen in recent years for this mid-summer holiday.
First, let’s look at travel. According to AAA, the Independence Day travel is setting record numbers. The travel period, defined as Friday, June 30 to Tuesday, July 4, will see a record-breaking 44.2 million Americans who planned to travel at least 50 miles from home. That’s 1.25 million more travelers than last year, which means 2017 is the most traveled Independence Day holiday weekend ever.
“Combined, strong employment, rising incomes and higher consumer confidence bode well for the travel industry, in particular, this Independence Day weekend,” said Bill Sutherland, AAA senior vice president, Travel and Publishing, in a recent press release.
Gas prices are several cents per gallon cheaper compared to this time last year, which is encouraging even more people to drive. An estimated 37.5 million of the 44.2 million travelers will choose driving as their transportation source.
How are people celebrating Independence Day this year? Of course, you will find plenty of fireworks and delicious food. According to research by WalletHub, Americans will be spending quite a bit this year for celebrations.
Here’s just a few interesting figures related to the logistics and economy of this holiday:
- $5.4 million is the annual value of imported American flags (ironically, most are made in China)
- 6% of Americans will purchase more patriotic merchandise for the 4th of July
- $71.5 billion total planned spending on food for the holiday
- $307.8 million is the value of annual fireworks imported to the U.S. from China
- $800+ million estimated spending on fireworks.
How are you spending your holiday? We hope you spend the day appreciating your freedom with family and friends. Be safe!