The trucking industry experienced a decline in combined parts and labor costs by 2.3% year-over-year in the first quarter, with parts costs decreasing more significantly than labor costs. This trend is largely attributed to an increase in new truck availability and resolving supply chain issues, although labor costs are still pressured by a shortage of new technicians. PRIMO’s robust network and advanced freight management solutions address these industry challenges by facilitating more stable and predictable logistics costs.
Reference: ttnews.com