National News: Business Booming for US food trucks

By CNC Reporter  |  CNC

Food vendors and their pushcarts have become a common sight in the US cities of Washington D.C., New York, and Los Angeles.

Economists believe the advancement in the mobile catering business is all thanks to the wide use of smartphones and social media.
Let’s find out more.
In a recent paper, economists argued that the growth in the number of food trucks is associated with the increasing interest in smartphones and social media.
Food trucks started to increase rapidly in the same year that the iPhone was first released in 2007, with industry revenues increasing 50 percent over five years, reaching 1.5 billion U.S. dollars in 2012.
The economists analyzed the Twitter feeds for all individual food trucks operating in Washington D.C. from 2010 to 2013 and found that most trucks posted about their locations on Twitter every day, making them more accessible to customers.
Many of these location-related tweets are used to indicate a change of location due to unforeseen circumstances such as parking and traffic difficulties.
The Washington D.C. metro area is one of the largest markets for food trucks in the U.S. relative to population, with about 367 active food trucks in operation there.