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Home » Truck fleets saw operating costs jump 7.7% in 2018
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Truck fleets saw operating costs jump 7.7% in 2018

November 4, 2019
DC Velocity Staff
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Even as the trucking industry weathers plunging freight rates and lingering driver shortages, the costs of operating a commercial vehicle continue to rise, a new study shows.

Carriers and drivers enjoyed an "extremely robust" economic environment in 2018, but those conditions also put "considerable upward pressure" on the line-item costs of trucking, according to the Arlington, Virginia-based trade group The American Transportation Research Institute (ATRI).

Bar Chart: Driver Wages and Benefits per Mile, 2010-2018
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As a result, the average marginal cost per mile incurred by motor carriers in 2018 increased 7.7 percent to $1.82, ATRI said in the 2019 update to its "An Analysis of the Operational Costs of Trucking" report.

That price hike follows a similar rise last year, when ATRI found that the average marginal cost per mile incurred by motor carriers in 2017 had increased six percent to $1.69. And from 2012 to 2018, overall motor carrier operational costs have increased more than 11.6%, exceeding the 10.8% inflation rate over that same time period.

The latest figures show that trucking costs in 2018 rose in every cost center except tires, led by fuel costs jumping 17.7% year-over-year and insurance costs rising 12%.

Driver wages and benefits increased 7.0% and 4.7%, respectively—growing to represent 43% of all marginal costs in 2018—as fleets sought for strategic responses to the severe driver shortage, ATRI said.

Transportation Trucking Business Management & Finance
KEYWORDS American Transportation Research Institute
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