Trucking costs are still climbing, adding to prices for consumers



One of the major complaints about the economy in this country focuses on groceries, right?

Prices seemingly are constantly on the increase whether it’s meat, bread, or fruits.

One cause is the soaring costs for the trucking industry. A new truck that once cost $120,000 to $130,000 now costs $190,000. The number one cost for the trucking industry is—fuel. A recent report by the American Transportation Research Institute showed diesel fuel prices were 53% higher in 2022 than in 2021 and no doubt, they increased in 2023 and are on the rise again.

Operational costs, according to the annual study last summer had risen to $2.25 a mile, surpassing $2 for the first time.

Arkansas Business reported repair and maintenance on the big 18-wheelers rose 12% from 17.5 cents to 19.6 cents.

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