Carriers in the specialized category saw costs rise by 4 cents per mile to 22 cents per mile between 2016 and 2017. The long-term increase in costs for LTL carriers reflects the pressures of more frequent pickup and delivery operations attributable to the growing influence of e-commerce, in addition to continued deterioration in urban traffic conditions.
In addition, fleets saw a 0.3% increase in maintenance costs from 2016 to 2017, the smallest increase since 2010.
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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