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The American Transportation Research Institute (ATRI) published their 2018 Analysis of the Operational Costs of Trucking report analyzing trucking costs from 2008-2017. The report found that increased trucking activity in 2017 pushed operating costs per mile to rise 6%, most of which was driven by increasing driver wages and benefits and rebounding fuel prices from the Great Recession in the early 2010s. Now that the economy has recovered, diesel prices are projected to remain near their current level ($3.26 per gallon) and will continue to be a high impact on operating costs. But with the driver shortage continuing to persist, carriers have also had to offer higher wages and benefits to remain competitive. These additional expenses alongside capacity restraints, will only continue to increase operating costs.

Sources: ATRI

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Teletrac Navman Staff

Teletrac Navman is a leading software-as-a-service (SaaS) provider leveraging location-based technology and services for managing mobile assets. With specialized solutions that deliver greater visibility into real-time insights and analytics, Teletrac Navman helps companies make better business decisions that enhance productivity and profitability. Its fleet and asset management technology uncovers information that would otherwise go unseen, helping customers reduce risk and confidently move their business forward with certainty. It tracks and manages more than 500,000 vehicles and assets for more than 40,000 companies around the world. The company is headquartered in Glenview, IL, with additional offices in the United States, United Kingdom, Australia, New Zealand and Mexico. For more information, visit TeletracNavman.com.