We all know the issues and challenges the trucking industry continues to face on a daily basis, from the driver shortage to changing government regulations. The American Transportation Research Institute (ATRI) continues to put a strong emphasis on the importance of benchmarking. As I mentioned in my previous blog post, the biggest challenge to benchmarking is access to accurate information.
Earlier this year, ATRI asked motor carriers for their operational costs to help obtain that accurate information. I want to say thank you to all the carriers who participated. Because of your contributions, ATRI was able to gather meaningful data to develop their 2015 Operational Cost of Trucking Report.
The full report is available to download free of charge at the ATRI website. One of the interesting things I noticed in the report was that while fuel dropped significantly—an 80 cent decrease from January 2014 to December 2014—other costs continued to increase, including driver wages.
In addition to overall cost data on motor carrier operations, the reports provides a detailed outline for you to see how your business compares against your peers. You’ll see areas where you excel and areas to improve. The following chart from ATRI highlights some of the key information.
Again, this report wouldn’t be possible without carrier participation, so please consider participating in their survey for next year’s report. What facts are most relevant to your business? I’d love to hear your comments.