New ATRI Report: High Costs and Weak Demand Squeeze Trucking Profitability

0
2K


A new report from the American Transportation Research Institute (ATRI) highlights the tough financial reality facing the U.S. trucking industry as it continues to grapple with a freight recession and rising non-fuel costs.

Released July 1, ATRI’s “An Analysis of the Operational Costs of Trucking” found that average per-mile operating costs fell slightly — by 0.4% to $2.260 per mile in 2024 — driven mainly by a seven-cent drop in fuel costs. But when fuel is removed from the equation, the real story emerges: non-fuel costs rose 3.6% to $1.779 per mile, the highest ever recorded by ATRI.

Key cost categories hit record levels last year. Truck and trailer payments jumped 8.3%, reaching $0.390 per mile, while driver wages and benefits also increased, up 2.4% and 4.8% respectively. Insurance, tires, tolls, and other overhead costs similarly saw historic highs.

According to ATRI, despite lower fuel expenses, carrier profitability fell sharply in 2024. Average operating margins dipped below 2% in all sectors except less-than-truckload (LTL), while the truckload sector recorded an average operating margin of -2.3%.

The report points to several clear signs of market stress: truck capacity fell 2.2% as fleets sold off equipment, empty miles climbed to an average 16.7%, and drivers per truck dropped to 0.93 as companies sidelined rigs. Many fleets also cut non-driver staff by 6.8% to contain costs.

Despite the pressures, the report notes that fleets are keeping older trucks running longer and seeing improvements in average dwell time per stop and mileage between breakdowns — a sign of tighter cost control and operational discipline.

“The trucking industry is facing the most challenging freight market in years, with loads down and costs increasing,” said Greg Hodgen, President and CEO of Groendyke Transport, Inc. “ATRI’s data and customized benchmarking are more critical than ever as we navigate rising costs and shrinking margins.”

You can follow this link to access the full ATRI report.


Buscar
Patrocinados
Categorías
Read More
Trucking News
$500K Bond Set for Truck Driver Accused of Texting During Fatal Crash in San Benito
SAN BENITO, Texas — Bond has been set at $500,000 for a tractor-trailer driver accused of...
By American Truck Drivers 2025-04-24 13:51:18 0 4K
Trucking News
Court says team truckers must be paid for sleeper berth time over eight hours
A U.S. Appeals Court recently ruled that truckers must be paid for sleeper berth time over eight...
By Truck Drivers Life 2024-01-05 14:58:14 0 16K
Trucking News
Semi truck reverses over construction worker in fatal accident
A construction worker was killed in a work-related accident in Minnesota on Wednesday...
By MEGA MISTAKES 2021-09-09 16:33:12 0 12K
Trucking News
Fifteen charged in commercial trucking marijuana trafficking and money laundering scheme, feds seize $40 million in assets
More than a dozen people are facing federal charges for a conspiracy to traffic...
By MEGA MISTAKES 2022-05-20 21:38:09 0 14K
Video
VIDEO: Driver nudges bicyclist out of way for blocking intersection
A truck driver was caught on camera nudging a bicyclist out of their path with their truck in...
By MEGA MISTAKES 2022-02-09 17:27:11 4 10K
Truck Drivers Life | Social Network for Truck Drivers https://www.truckdrivers.life