In 2023, the trucking industry faced a record high operational cost of $2.270 per mile, driven by increases in costs excluding fuel, despite a decrease in fuel expenses. Marginal costs per hour slightly rose, with significant growth in truck and trailer payments, driver wages, and insurance premiums, amidst a soft freight market and higher deadhead mileage contributing to reduced profitability. PRIMO’s robust network and pricing intelligence directly address these rising operational costs by optimizing load-matching and reducing deadhead mileage, ensuring more efficient and cost-effective freight management for their clients.
Reference: ttnews.com