American Transportation Research Institute’s Post

In this video (with transcript), Commercial Carrier Journal speaks with an ATRI researcher about current trends in fleet operational costs. https://lnkd.in/gMPDsjxY #trucking #operationalcosts #trends

Since the start of November, net active truckload operating authorities have dropped by 9,000 — an approximate 12% increase over the same period last year, according to Carrier Details’ analysis of FMCSA data. The operating authorities measured here are Motor Carrier of Property authorizations, specific to for-hire truckload companies. Over 92% of the operating authorities represent carriers that have fewer than 20 trucks. So one authority can be a single truck or 5,000 trucks — the latter being in the gross minority. Point being, this data is heavily skewed toward small operators. Measuring available capacity is one of the most challenging things to do in the trucking industry due to the aforementioned extreme fragmentation. The purpose of looking at the net changes in authorities data is to see the direction and rate of capacity growth or deterioration. The current level of deterioration is historically fast, meaning the truckload market has the increasing potential to flip to a much tighter environment without much notice. If demand remains somewhat stable, the supply could fall right through it due to the momentum and opacity of the market. The biggest question at the moment is, when will this happen? It is nearly impossible to predict with any precision due to carrier positioning and network incongruencies with demand, although it does appear increasingly likely in the next 12 months. From a shipping perspective, it would be ill-advised not to begin preparation. Even if the market does not flip this year, it is wise to prepare. Chart: Carrier Details Net Changes in Trucking Authorities – USA SONAR: CDNCA.USA, Outbound Tender Volume Index - USA SONAR OTVI.USA #freightwaves #truckloadcapacity #trucking #logistics #freightwavessonar

𝐀𝐝𝐝𝐢𝐧𝐠 𝐢𝐭 𝐮𝐩: 𝐓𝐫𝐮𝐜𝐤𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬 𝐫𝐨𝐬𝐞 𝐚𝐠𝐚𝐢𝐧 𝐢𝐧 2023 𝘖𝘱𝘦𝘳𝘢𝘵𝘪𝘯𝘨 𝘤𝘰𝘴𝘵𝘴 𝘧𝘰𝘳 𝘤𝘢𝘳𝘳𝘪𝘦𝘳𝘴 𝘩𝘢𝘷𝘦 𝘳𝘦𝘢𝘤𝘩𝘦𝘥 𝘢 𝘩𝘪𝘨𝘩𝘦𝘳 𝘭𝘦𝘷𝘦𝘭 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘵𝘩𝘪𝘳𝘥 𝘺𝘦𝘢𝘳 𝘪𝘯 𝘢 𝘳𝘰𝘸, 𝘱𝘦𝘳 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴 𝘣𝘺 𝘈𝘛𝘙𝘐, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘢𝘴 𝘳𝘦𝘭𝘦𝘢𝘴𝘦𝘥 𝘪𝘯 𝘑𝘶𝘯𝘦 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘺𝘦𝘢𝘳. The research group found that the total marginal cost of operating a truck  last year was $2.270 per mile. While that notches a new record high, the total rose by just 0.8 percent over 2022. Declining (by 8.8 cents/mile) fuel prices marked the biggest change in the numbers. Most other line items grew moderately in cost, but insurance premiums and truck and trailer payments increased at higher rates. “With fuel removed, the marginal cost of trucking rose by 6.6 percent, from $1.610 per mile in 2022 to $1.716 per mile in 2023,” stated ATRI. (Source: https://lnkd.in/g-TS8wt9 ) #bridge18 #truckingmatters #OwnerOperators #OutsourceDispatch #dispatch

The Industry Monitor 2024 surveys industry leaders to provide the essential guide to the state of the UK’s freight transport industry. It analyses the challenges vehicle operators face, including rising costs, driver shortages, and the issues involved in going green. The report was compiled from independent Edge Insight research commissioned by Motor Transport and Commercial Motor, in partnership with Asset Alliance Group. Download the report here 👉🏻 https://bit.ly/3xG6YUY #commercialmotor

NFI Group Inc. (TSX: NFI, OTC: NFYEF; TSX: NFI.DB), parent company of transit bus manufacturer New Flyer, “saw record orders” in the first quarter of this year, President and CEO Paul Soubry said on the company’s earnings call Friday. Across North America, more than half of public bids are for zero-emission buses, but NFI deliveries of such vehicles last quarter accounted for about 18% of total new vehicle deliveries for the company, according to its financial results report. The industry’s struggle to deliver buses continues due to supply chain challenges, worker shortages and financial issues, with NFI reporting a record-high backlog valued at $11.7 billion.

It's time again for an update on the changes in the trucking industry from Carrier Details! Despite a stale growth among trucking companies in December 2023, data from January 2024 showed promising signs of a market correction. 💹 🔹 New Active USDOT applications for carriers authorized for hire jumped 40%, adding 14,563 trucks to the #trucking industry 📈 🔹 Approximately 63% or 5,955 of these new carriers indicated interstate authority, adding an estimated 9,203 trucks on our interstates 🛣️ However, whether these changes are improvements, declines, or persisting trends begs for deeper analysis. Engage your team and get the facts on the state of the industry’s growth with Carrier Details’ rich dataset now for clarity. Request a sample dataset from Carrier Details now! https://lnkd.in/gP8b3XzU #freightdata #FMCSAdata #usdot

With the recent publication of the 2024 Spring Regulatory Agenda by the White House’s Office of Management and Budget, a number of Department of Transportation rules affecting trucking were included with projected dates for publication. Read more: https://loom.ly/zpWc7ow #nvta #carhauling #driventodeliver #gonvta #carhaulinglife

In the preamble to its 2023 Annual Report and Financial Statements, Dunlop Aircraft Tyres Limited (DATL) notes that the aviation industry began “getting back to its pre-pandemic working environment” last year after more than three years of coping with the global pandemic and associated shut- and lockdowns. Despite a host of factors such as uncertain material, transportation and energy prices, the end of the pandemic has facilitated the company’s return to the black. After recording a pre-tax loss of £2.97 million in 2022, last year DATL achieved a profit before tax of £804,000. https://lnkd.in/e_t9hDG3

New ATRI Study Reveals Trucking Industry Costs Hit Record High in 2023 The American Transportation Research Institute (ATRI) just released its annual "Analysis of the Operational Costs of Trucking" report. Key findings include: ·        Average marginal cost per mile reached a record $2.270 in 2023, up 0.8% from 2022 ·        Driver wages and benefits remained the largest cost center at $0.967 per mile ·        Fuel costs decreased 13.7% to $0.553 per mile ·        Insurance premiums saw the largest percentage increase at 12.5% Despite lower fuel costs, most other expense categories increased, putting pressure on carrier profitability in a soft freight market. What cost trends are you seeing in your operations? How are you managing rising expenses? Read the full report: https://lnkd.in/giK6HW4z #trucking #logistics #supplychainmanagement