{"id":3558,"date":"2023-06-29T18:10:14","date_gmt":"2023-06-29T18:10:14","guid":{"rendered":"https:\/\/cantruck.ca\/atri-truck-operating-costs-soared-in-2022\/"},"modified":"2025-01-10T16:42:09","modified_gmt":"2025-01-10T16:42:09","slug":"atri-truck-operating-costs-soared-in-2022","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/atri-truck-operating-costs-soared-in-2022\/","title":{"rendered":"ATRI: Truck Operating Costs Soared in 2022"},"content":{"rendered":"

Rising wages for drivers, and the increasing price of insurance, diesel fuel, maintenance costs and other factors, pushed up the cost of operating a truck by 21.3% in 2022, compared to the year before, according to the annual\u00a0American Transportation Research Institute<\/a> report,\u00a0\u201cAn Analysis of the Operational Costs of Trucking.\u201d<\/a><\/p>\n

The price of operating a truck rose to US$2.251 per mile \u2014 the highest level on record \u2014 according to the study released June 21.<\/p>\n

Rising cost of fuel was the largest driver of the increase in 2022 and 53.7% higher than in 2021. Other line items also increased by double digits. Driver wages jumped 15.5% to 72.4 cents per mile, reflecting the industry effort to attract and retain drivers. Hundreds of companies raised driver pay, sometimes multiple times during the year to remain competitive.<\/p>\n

ATRI Senior Vice President Dan Murray<\/a> said the rising operational costs in 2022 were a perfect storm as the COVID-19 pandemic\u2019s impact remained and other international factors contributed to the report\u2019s conclusions.<\/p>\n

\u201cThis was clearly a gargantuan leap. 2021 was expensive, but the 2022 data exceeded anything we would have guessed if we speculated with world inflation at 6-, 7-, 8-plus percent,\u201d he said. \u201cThere was just not one thing you could put your finger on a cause. You wouldn\u2019t have enough fingers.\u201d<\/p>\n

ATRI said the cost per hour of operating a truck in 2022 soared by 21.7% compared with 2021 and totaled $90.78 per hour, the highest in the Ops Cost history. The hourly price-per-hour figure increased at a slightly higher rate than the cost per mile because, ATRI said, average truck speed in 2022 increased marginally when measured against 2021.<\/p>\n

\u201cThe trucking industry entered\u00a0a weaker economy in 2022<\/a>. GDP declined as inflation soared during the first two quarters of 2022, and trucking rates fell throughout the year,\u201d ATRI wrote in the report. \u201cFederal and industry sources reported rising costs in key areas. Fuel costs started spiking after Russia invaded Ukraine in February 2022. Truck purchase prices remained high even while availability improved, as did repair and maintenance costs. Though some costs like auto liability insurance premiums stabilized, others \u2014 like driver wages \u2014 continued to rise.\u201d<\/p>\n

ATRI said 2022\u2019s atypical market conditions also were responsible for unique challenges for acquiring and maintaining equipment.<\/p>\n

Truck and trailer payments increased 18.6% to 33.1 cents per mile as carriers paid higher prices, largely due to equipment impediments in the supply chains. Closely related, parts shortages and rising technician labor rates pushed repair and maintenance costs up 12% to 19.6 cents per mile.<\/p>\n

\u201cIn a softening market with costs rising at an unparalleled pace, carrier benchmarking becomes more critical than ever,\u201d\u00a0NFI Integrated Logistics<\/a>\u00a0President Dave Broering<\/a> told Transport Topics. \u201cATRI\u2019s newest operational costs report provides the reliable data and analysis we need to better understand our partners\u2019 underlying costs in a volatile economy and decelerating rate marketplace.\u201d<\/p>\n

Read the full story here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising wages for drivers, and the increasing price of insurance, diesel fuel, maintenance costs and other factors, pushed up the cost of operating a truck by 21.3% in 2022, compared…<\/p>\n","protected":false},"author":2,"featured_media":526,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1493,44,28,62,54],"tags":[2273,77,21,168,836,724,196,24,278],"class_list":["post-3558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-environment-fuel","category-labour-hr-driver-shortage","category-operations-safety","category-technology-equipment","tag-atri-operating-costs","tag-driver-shortage","tag-economy","tag-fuel-prices","tag-inflation","tag-labour-costs","tag-maintenance","tag-supply-chain","tag-wages"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/526"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}