Insurance Costs, Availability Climb the Most From 2023 Results
NASHVILLE, Tenn. — For the second year in a row, the state of the nation’s economy was the top-ranked industry issue that led the American Transportation Research Institute 2024 list of Top Industry Concerns.
The cause for concern: the combined impacts of rising operational costs with the lingering freight recession and declining freight rates, according to the report. ATRI’s annual Operational Costs of Trucking research also documented industry cost increases of more than 22% over the past two years — marking the highest recorded costs in the research’s 16-year history.
