A new report from the American Transportation Research Institute (ATRI) reveals that while the average cost of operating a truck decreased slightly in 2023, the industry continues to be burdened by high expenses and low freight rates. In its “Analysis of the Operational Costs of Trucking” released on July 1, ATRI noted that the average cost to operate a truck dropped by 0.4% year-over-year to $2.260 per mile. However, when adjusting for lower fuel costs, marginal operating expenses actually rose by 3.6% to $1.779 per mile, marking the highest non-fuel costs ever recorded. This reflects an industry still grappling with increased operational expenses, weak freight demand, and shrinking margins. “The trucking industry is facing the most challenging freight market in years, with loads down and costs increasing,” said Greg Hodgen, CEO of Groendyke Transport. He added that ATRI’s benchmarking tools have become more critical as companies face rising… ...[TheTopNews] Read More.
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