The American Transportation Research Institute’s latest trucking data has shown the effect of COVID-19 on the industry.
The organization’s report “An Analysis of the Operational Costs of Trucking” reveals dead-head miles increased to 20.6 percent in 2020, annual operating miles decreased to 89,358 miles per truck, and fuel costs declined by nearly 20 percent to 30.8 cents per mile.
Overall, the average marginal cost per mile incurred by motor carriers in 2020 decreased 5 cents per mile to $1.64. When the per-mile costs are converted to hourly costs, the report found that total hourly costs dropped slightly to $66.87.
“In the face of a COVID-19 economy, our industry tightly managed costs and operations, while delivering essential goods to market. We also led the way out of the COVID-19 recession in the latter half of the year. I expect 2021 to continue the positive trends for our industry,” said Cully Frisard, COO of Frisard Companies.
The full report can be read on the ATRI website
