Source: The American Transportation Research Institute (ATRI) An Analysis of the Operational Costs of Trucking: 2018 Update.
Trucking is a highly competitive industry since is has low barriers of entry. The two most significant operating costs of trucking are fuel (21%) and wages and benefits (43%). Jointly, they account for about 64% of all costs. While the share There is very little flexibility in this cost structure, implying that fluctuations in energy prices cannot be mitigated well and impact directly the low profit margins of the industry (less than 10%). In recent years, the share of fuel costs has declined, while the share of labor and benefits has increased.