The odds keep stacking up against the trucking industry don’t they? The American Transportation Research Institute (ATRI) published a “Cost of Congestion to the Trucking Industry” report this month. According to the report:
“Trucks transported nearly 10 billion tons of freight representing over two-thirds of total domestic tonnage shipped, and traveled more than 279 billion miles on the nation’s roadway network in 2014.”
That’s a lot of freight moved but it came at a high cost to the industry.
“Delays associated with weekday traffic congestion on the national highway system (NHS) totaled over 728 million hours in 2014. This amount of delay is the equivalent of 264,781 commercial truck drivers sitting idle for an entire working year.”
These delays translated into real costs for the truckers. A truck traveling 25,000 miles incurred an increase cost of $4,438, whereas a truck traveling hundred and 50,000 miles had an average increased cost of $26,625.
The congestion costs were most severe in urban areas with 88% concentrated on only 18% of the NHS network. Florida and Texas both totaled over $4 billion in total cost and together accounted for 17.6% of the national cost of congestion value.
You can download the report here.
So what do we take away from this?
- It’s tough to be in the long haul trucking business right now
- The government needs to get serious about planning congestion relief projects because the cost of doing nothing is much more expensive
- Shippers need to seriously consider using rail for their long haul freight needs. If you don’t know how to get started on that I can help!