Every year since 2008, the American Transportation Research Institute (ATRI) has published “An Analysis of the Operational Costs of Trucking.” Last year’s report is now available; it contains helpful analysis in two areas of particular interest: high-level benchmarking of interest to motor carriers, and potential transportation impact assessments, of interest to public sector agencies.
The 2017 report covers data collected through the end of 2016 and contains several changes that allow for more detailed analysis, including:
Many key factors in the cost of operations remained flat in the year-over-year comparison, though several saw large increases, some due to regulatory changes in the industry.
Carriers surveyed in 2016 accumulated almost 9 billion miles, up 36% from 2015 (6.6 billion miles).
At the heart of the study is the average marginal cost per mile and per hour for motor carriers. While many variables come into play in calculating these numbers, both numbers ticked up roughly 1% for 2016 but were significantly lower than they had been in 2011, 2012, 2013, or 2014.
Survey respondents noted that the average truck driver pay per mile was 52.3 cents in 2016, which indicates the fourth year of continuous increase. For drivers paid hourly, that figure translates to $20.91 per hour.
Driver pay continues to increase and remains the largest cost for motor carriers. In addition to driver pay increasing, benefits also increased in order to recruit and retain more drivers in a highly competitive job market.
A majority of respondents (60.4%) indicated that, in addition to wages, they also pay some type of bonus to drivers.
While the average marginal cost per mile in 2016 was $1.59 in the for-hire sector of the trucking industry, only a slight increase from 2015, ATRI believes that the cost will continue to rise due to continued driver shortage factors and rising diesel prices seen throughout 2017.
For more information, click this link to visit the ATRI website and request a copy of the full report.
*Figure and Table from American Transportation Research Institute (ATRI) “An Analysis of the Operational Costs of Trucking: 2017 Update, "Figure 5 (p. 28) Table 15 (p. 34)”, published October 2017.
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