Trucking Costs Surpass $2 per Mile Milestone.

The operational costs of trucking in the US have hit a new high, with marginal costs rising 21.3% to $2.251 per mile in 2022, surpassing the $2 per mile mark for the first time in the history of the American Transportation Research Institute's operational cost report. The cost of trucking has jumped 34% since 2021, with fuel being the largest driver of the spike in operational costs. Other factors contributing to the rise include parts availability and supply chain impediments, the atypical truck market/demand, and the competitive labor environment. Despite falling rates throughout the year, average operating margins were at least 6% in all sectors.