What does it take to achieve truckload carrier profitability, and what does it take to maintain it?
In our new infographic, you can see the changing factors that impact carrier profitability, including:
- Maintenance costs
- Insurance rates for lessee and for owners
- Increasing diesel costs
- And more
Also, take a look at other factors that impact truckload carrier profitability, including the change in annual driving distance over the last 17 years.
Costs for carriers continue to go up; truck payments are up, at around an average of $2,400 per month for a truck payment. Maintenance costs went up last year, and analysts say that’s because in down years, like 2019, small fleets and owner-operators defer maintenance. Then when the bottom line is good again, they catch up on some of that maintenance, and that’s why we saw it spike last year. So what is a normal cost? If you combine the average truck payment with the average maintenance cost for a truck, a really good number for a reasonable asset cost is around the 35 cent per mile range.
Most of this data came from a presentation by Todd Amen, President and CEO of ATBS and a member of the Board of Directors of the Truckload Carriers Association. We’re pleased to say that Todd will be speaking in an upcoming webinar for Axele on “Using Data to Improve Your Profitability.” Register free here.
In the meantime, download the free infographic for a look at what it takes to achieve truckload carrier profitability these days.
Improve your truckload carrier profitability
And if you want to work on improving your profitability, try Axele, an optimized TMS that finds the most profitable loads automatically and reduces deadhead miles. You can try it free—no credit card required—for 30 days and see if it meets your needs.