{"id":1241,"date":"2023-10-26T08:45:50","date_gmt":"2023-10-26T08:45:50","guid":{"rendered":"https:\/\/ladingcargo.com\/blog\/?p=1241"},"modified":"2024-10-18T12:25:48","modified_gmt":"2024-10-18T12:25:48","slug":"trucking-industry-bears-record-94-6b-in-congestion-costs","status":"publish","type":"post","link":"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/","title":{"rendered":"Trucking Industry Bears Record $94.6B in Congestion Costs"},"content":{"rendered":"<p>U.S. trucking companies incurred a record-high $94.6 billion in congestion costs in 2021, a 22.4% increase from 2020, according to a new report by the American Transportation Research Institute (ATRI). Four states saw especially steep congestion cost hikes compared to 2016. The rising costs highlight the need for further infrastructure investments to improve road capacity and traffic flow.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/#Rising_Costs_Outpace_Inflation\" >Rising Costs Outpace Inflation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/#Four_States_See_the_Biggest_Increases\" >Four States See the Biggest Increases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/#High_Costs_Concentrated_in_Major_Hubs\" >High Costs Concentrated in Major Hubs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/#Impact_on_the_Industrys_Bottom_Line\" >Impact on the Industry&#8217;s Bottom Line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/#Infrastructure_Funding_%E2%80%93_A_Cause_for_Optimism\" >Infrastructure Funding &#8211; A Cause for Optimism<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Rising_Costs_Outpace_Inflation\"><\/span>Rising Costs Outpace Inflation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ATRI&#8217;s congestion cost analysis incorporates truck volumes, average highway speeds, and hourly truck operating costs. From 2016 to 2021, congestion costs grew 27% for trucking, more than double the 12.9% Consumer Price Index inflation rate over the same period. Key factors were escalating diesel prices, higher industry costs, increased truck volumes, and congested roads in 2021.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Four_States_See_the_Biggest_Increases\"><\/span>Four States See the Biggest Increases<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While congestion exacted a high toll nationwide, Nevada, Louisiana, Georgia, and California experienced the steepest percent increases in costs since 2016, at 117.2%, 83.3%, 81.3%, and 77.9% respectively. Conversely, Alaska, Wyoming, and Hawaii saw substantial decreases over the five-year period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"High_Costs_Concentrated_in_Major_Hubs\"><\/span>High Costs Concentrated in Major Hubs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The country&#8217;s four most populous states \u2013 California, Texas, Florida, and New York \u2013 unsurprisingly recorded the highest total congestion costs in 2021, ranging from $4.9 billion in New York to $9 billion in California. However, congestion costs were relatively low in less densely populated states like Alaska ($62 million).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Impact_on_the_Industrys_Bottom_Line\"><\/span>Impact on the Industry&#8217;s Bottom Line<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Spread across all U.S. registered tractor-trailers, congestion costs averaged $6,824 per truck in 2021. This equals approximately 3% of average annual per-truck revenue in the truckload sector, highlighting congestion&#8217;s toll on the industry&#8217;s bottom line.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Infrastructure_Funding_%E2%80%93_A_Cause_for_Optimism\"><\/span>Infrastructure Funding &#8211; A Cause for Optimism<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ATRI plans to update its congestion study annually to inform infrastructure investment decisions. While federal fuel taxes have remained unchanged since 1993, the 2021 Infrastructure Investment and Jobs Act provides over $350 billion in dedicated transportation spending. With over $74 billion in projects already approved in the first two years, the bill presents opportunities to improve traffic flow and reduce trucking&#8217;s congestion costs through strategic capacity expansions.<\/p>\n<p>By leveraging their expertise and resources, <strong><a href=\"https:\/\/ladingcargo.com\/\">Lading Logistics<\/a><\/strong> aims to provide efficient and reliable international shipping and logistics solutions for their clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. trucking companies incurred a record-high $94.6 billion in congestion costs in 2021, a 22.4% increase from 2020, according to a new report by the American Transportation Research Institute (ATRI)&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":1244,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[],"class_list":["post-1241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trucking Industry Bears Record $94.6B in Congestion Costs<\/title>\n<meta name=\"description\" content=\"Trucking congestion costs soared to $94.6B in 2021, per a new report. 4 states saw big jumps, underscoring the need for infrastructure investment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ladingcargo.com\/blog\/trucking-industry-bears-record-94-6b-in-congestion-costs\/\" 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