Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability

Leases & LoansMoney Matters
Written By Jennifer Joslyn
Trucks in line at a border crossing.

Photo by Tom Fisk

According to the American Transportation Research Institute (ATRI), running a trucking business has become more expensive due to rising fuel, wage, and equipment costs. In 2022, for-hire carriers experienced significant increases in fuel costs, truck and trailer lease payments, and wages, leading to total average costs exceeding $2 per mile for the first time since 2008. Carriers are now closely monitoring and prioritizing costs to maintain financial stability in a challenging economic climate.

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Jennifer Joslyn
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