The billion-dollar problem of commercial trucks in traffic jams
December 19, 2024
Getting stuck in traffic is more than just an inconvenience; it’s costing the trucking industry billions of dollars each year.
The American Transportation Research Institute (ATRI) published a study, Cost of Congestion, that showed traffic congestion in the United States added $108.8 billion in costs to the trucking industry in 2022. This is a new record high for congestion costs.
The true price of delays
ATRI’s study used several data sources (i.e., truck GPS database, Operational Costs benchmarks) to calculate the financial impact of delays on trucking companies. The study found:
- A softening freight market in 2022 resulted in a slight decrease in total congestion hours but was offset by higher operational costs for the year than 2021.
- The overall cost of congestion increased by 15.0 percent from 2021.
- Delays are equivalent to more than 430,000 drivers sitting idle for one work year.
- Delays costs an average cost of $7,588 for every registered combination truck.
Regional congestion costs
ATRI examined costs related to delays in states and metropolitan areas. The top 10 states each experienced costs of more than $8 billion.
The leading states were:
- Texas ($9.17B),
- California ($8.77B), and
- Florida ($8.44B).
The top 10 states accounted for 52 percent of trucking’s congestion costs nationwide. The top metropolitan areas for congestion costs were:
- New York City ($6.68B),
- Miami ($3.20B), and
- Chicago ($3.14B).
Wasted fuel
The cost of traffic congestion includes wasted fuel. In 2022 it was found that congestion cost the trucking industry over 6.4 billion gallons of diesel fuel, adding $32.1 billion in additional fuel expenses.
December 19, 2024
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TypeIndustry News
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Related TopicsBusiness planning - Motor Carrier
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