Trucking Declares $74.5 Million Cost Bump Resulting from Traffic Delays
Traffic congestion added an estimated $74.5 billion in operational costs across the trucking industry in 2016, according to a report from the American Transportation Research Institute (ATRI).
The group said that figure represented a half-percent increase over the previous year. In a statement, Benjamin McLean, CEO of Ruan Transportation Management Systems, discussed the importance of acting to tackle the congestion problem.
"In the face of growing and pervasive congestion, not only does the trucking industry lose billions annually but ultimately the consumer pays the price through higher prices on the shelf,” he said. "Doing nothing to address the state of our nation's infrastructure will create a significant impediment to the growth of our economy.”
The top 10 states experienced costs of more than $2.4 billion each, led by Texas and Florida with over $5.5 billion each.
Source: Fleet Owner