An Analysis of the Operational Costs of Trucking: 2024 Update

This report presents the results of a survey of for-hire motor carriers on 2023 operational costs. The survey, conducted during February 2024-May 2024, included 150,869 truck-tractors, and 395,934 trailers. Data includes: regional costs, fleet size, driver compensation, fuel costs, equipment costs, truck insurance premiums, and other marginal costs. Overall, the average cost per mile for motor carriers, in 2023 was $2.27 per mile, a 0.8% increase over 2022. Costs per hour were $91.27 in 2023 as compared to $90.78 in 2022, up 0.5%. Fuel costs in 2023 were 55.3 cents per mile, a decrease of 13.7% from 2022's 64.1 cents per mile. Lease or purchase payments for trucks and trailers increased 8.8%, insurance premiums increased by 12.5%, and repair and maintenance costs increased by 3.1%. The average driver wage per-mile increased to 77.9 cents per mile in 2023, a 7.6% increase from 2022's 72.4 cents per mile.

• Record URL:
  • https://truckingresearch.org/2024/06/an-analysis-of-the-operational-costs-of-trucking-2024-update/
• Corporate Authors:

  American Transportation Research Institute

  Minneapolis, MN  United States 
• Authors:
  • Leslie, Alex
  • Murray, Dan
• Publication Date: 2024-6

Language

• English

Media Info

• Media Type: Digital/other
• Features: Appendices; Figures; References; Tables;
• Pagination: 62p

Subject/Index Terms

• TRT Terms: For hire carriers; Operating costs; Surveys; Trend (Statistics); Trucking
• Geographic Terms: United States
• Subject Areas: Economics; Finance; Motor Carriers;

Filing Info

• Accession Number: 01927476
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 18 2024 11:28AM