Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Record 21.3% Surge in Truck Operating Costs in 2022: ATRI Report
The cost of operating a truck soared by 21.3% in 2022, reaching a record $2.251 per mile, largely driven by increasing fuel prices and driver wages, says ATRI report.
In 2022, the cost of operating a truck surged by 21.3%, reaching a record $2.251 per mile, according to the annual report by the American Transportation Research Institute (ATRI). The hike was mainly driven by the escalating costs of fuel, driver wages, insurance, and maintenance. Fuel prices soared by 53.7% due to global factors like the Russian invasion of Ukraine, while driver wages increased by 15.5% as companies sought to attract and retain personnel. Despite the rise in operational costs, the trucking industry maintained profitability through strong pricing, though these increases are expected to soften in 2023, while costs remain high.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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