Operational Costs of Trucking: 2024 Update

Wayne Schooling • July 31, 2024

The overall marginal costs of operating a truck hit $2.270 per mile in 2023. While the increase was only 0.8% over the previous year, when surcharge-protected fuel costs are excluded, marginal costs rose 6.6% to $1.716 per mile.

Motor Carrier Costs	% Change 2020-2021	% Change 2021-2022	% Change 2022-2023
Fuel Costs	35.4%	53.7%	-13.7%
Truck Payments	3.0%	18.6%	8.8%
Repair/Maintenance	18.2%	12.0%	3.1%
Truck Insurance	- 1.1%	2.3%	12.5%
Permits & Licenses	0.0%	- 6.3%	- 40.0%
Tires	- 4.7%	9.8%	2.2%
Tolls	- 13.5%	- 12.5%	21.4%
Driver Based
Driver Wages	10.8%	15.5%	7.6%
Driver Benefits	6.4%	0.5%	2.7%
TOTAL	12.7%	0.5%	0.8%

This is just another reason to join the NorthAmerican Transportation Association so that you can lower your overhead costs by joining a large association.

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