66% of logistics pros say talent quality — not cost — is the #1 factor in choosing a nearshore partner. Rapido's integration model explains why that's the right question to be asking.
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The cost of operating a truck soared by 21.3% in 2022, reaching a record $2.251 per mile, largely driven by increasing fuel prices and driver wages, says ATRI report.
In 2022, the cost of operating a truck surged by 21.3%, reaching a record $2.251 per mile, according to the annual report by the American Transportation Research Institute (ATRI). The hike was mainly driven by the escalating costs of fuel, driver wages, insurance, and maintenance. Fuel prices soared by 53.7% due to global factors like the Russian invasion of Ukraine, while driver wages increased by 15.5% as companies sought to attract and retain personnel. Despite the rise in operational costs, the trucking industry maintained profitability through strong pricing, though these increases are expected to soften in 2023, while costs remain high.
Source: Transport Topics
What was the cost of #trucking in 2022? A record $2.251 per mile, according to @Truck_Research report. Story by Dan Ronan. #trucks #operations https://t.co/ItwarcLbml
— Transport Topics (@TransportTopics) June 22, 2023
Bad carriers are gaming the weigh station system. Plus, C.H. Robinson's own engineer goes scorched earth on Reddit, the Ghost Truck Act gets roasted, and more in today's newsletter.
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
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