{"id":3722,"date":"2024-07-04T15:46:06","date_gmt":"2024-07-04T15:46:06","guid":{"rendered":"https:\/\/cantruck.ca\/trucking-costs-increased-more-than-6-percent-atri\/"},"modified":"2025-01-10T16:40:59","modified_gmt":"2025-01-10T16:40:59","slug":"trucking-costs-increased-more-than-6-percent-atri","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/trucking-costs-increased-more-than-6-percent-atri\/","title":{"rendered":"Trucking Costs Increased More than 6 Percent: ATRI"},"content":{"rendered":"

The American Transportation Research Institute (ATRI) released findings of its 2024\u00a0Analysis of the Operational Costs of Trucking<\/em>.<\/p>\n

This annual report analyzes line-item costs, operating efficiencies, and revenue benchmarks by fleet sector and size, providing crucial benchmarking for motor carriers and a comprehensive overview of the financial state of trucking for decisionmakers in both industry and government.<\/p>\n

The overall marginal costs of operating a truck hit US$2.270 per mile in 2023. \u00a0While the increase was only 0.8 percent over the previous year, when surcharge-protected fuel costs are excluded, marginal costs rose 6.6 percent to $1.716 per mile.<\/p>\n

Overall, 2023 expenses rose moderately across most categories, with average costs across line-items increasing at less than half the rates experienced during 2021 and 2022.\u00a0 Truck and trailer payments grew by 8.8 percent to $0.360 per mile, driver wages grew by 7.6 percent to $0.779 per mile, and repair and maintenance costs grew by 3.1 percent to $0.202 per mile.\u00a0 The exception to this trend was truck insurance premiums, which grew by 12.5 percent to $0.099 per mile after two years of negligible change.<\/p>\n

The soft 2023 freight market posed many challenges for operational efficiency, as tracked in the report.\u00a0 Deadhead mileage, a critical financial drain, rose to an average of 16.3 percent for all non-tank operations, and driver turnover rose by five percentage points in the truckload sector.<\/p>\n

These pressures combined with low freight rates strained profitability across the industry.\u00a0 Average operating margins were 6 percent or lower in all fleet sizes and sectors other than LTL.\u00a0 The truckload and specialized sectors experienced drops in per-mile or per-truck revenue, and most saw \u201cother costs\u201d \u2013 expenses outside of the core marginal line-items \u2013 increase as a share of total revenue.<\/p>\n

The report also includes analyses of cost trends in 2024 and beyond, including, for the first time, carrier-reported changes in Q1 2024 costs.<\/p>\n

\u201cThe current economic environment makes cost management essential to successful operations,\u201d said\u00a0Gregg Troian, PGT Trucking President.\u00a0 \u201cATRI\u2019s\u00a0Operational Costs<\/em>\u00a0report provides the targeted costs and operational benchmarks necessary to identify opportunities for reducing expenses and how to best act on those opportunities in our fleet.\u201d<\/p>\n

The full report is available on\u00a0ATRI\u2019s website here<\/a><\/strong>.\u00a0 Participating carriers receive a customized report directly comparing their operations to an anonymized peer group of the same sector and size.<\/p>\n","protected":false},"excerpt":{"rendered":"

The American Transportation Research Institute (ATRI) released findings of its 2024\u00a0Analysis of the Operational Costs of Trucking. This annual report analyzes line-item costs, operating efficiencies, and revenue benchmarks by fleet…<\/p>\n","protected":false},"author":2,"featured_media":1400,"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":[16],"tags":[88,2406,1042,168,95,421,2407],"class_list":["post-3722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","tag-atri","tag-equipment-costs","tag-expenses","tag-fuel-prices","tag-mileage","tag-research","tag-trucking-costs"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3722","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=3722"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/1400"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}