Phase 2 of the heavy-duty truck greenhouse gas emissions and fuel efficiency standards mandated by the EPA and NHTSA are projected to lower CO2 emissions by approximately 1.1 billion metric tons. Fuel consumption will decline as the new rules become tighter.
Aside from the 41 hydrogen fueling stations in California, only five other states offer this type of fuel, with only one station available per state.
The price of crude oil has increased since last year, with regular gasoline increasing 10% and diesel only seeing an increase of 1%, according to the DOE's cost breakdown. Taxes, distribution/marketing, and refining costs have all decreased, with the only exception being a 3% increase in diesel distribution/marketing.
Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues.
Heavy-duty truck driver and tractor-trailer driver wages and employment rates vary greatly by state.
Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June.
While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
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