ATRI: Trucking’s Annual Congestion Prices Prime $94.6 Billion – Fleet Administration
Reflecting the dramatic post-Covid financial restoration, annual truck congestion prices in 2021 hit a peak of $94.6 billion. The 2021 congestion value determine is a rise of $20.1 billion in annual congestion prices from the 2016 baseline,
Supply: ATRI
Site visitors congestion on U.S. highways added $94.6 billion in prices to the trucking trade in 2021 in accordance with the most recent Value of Congestion research printed by the American Transportation Analysis Institute.
ATRI stated it utilized quite a lot of knowledge sources together with its distinctive truck GPS database to calculate trucking delay impacts from 2017 via 2021 on main U.S. roadways.
Whereas year-over-year congestion prices decreased in 2020 as a result of Covid-19 pandemic, they rose sharply in 2021 with a complete of 1.27 billion hours of misplaced productiveness.
This enhance in prices displays the dramatic post-Covid financial restoration, with excessive GDP progress and freight demand borne from report ranges of client spending.
This degree of delay equates to greater than 460,000 industrial truck drivers sitting idle for one work 12 months, and the 2021 determine represents a 27% enhance from the report’s baseline 12 months of 2016 – a rise that’s twice the speed of inflation.
Regional tendencies present a sample much like the nationwide pattern, with congestion prices rising into 2018, then dropping in 2019 and 2020, with a visual rise in congestion prices in 2021.
Supply: ATRI
Prices by State
Along with the nationwide findings, ATRI’s evaluation additionally documented state and metropolitan delays and associated value impacts.
The highest 10 states every skilled prices of greater than $3 billion. These states are:
- California — $9 billion
- Texas — $7.26 billion
- Florida — $7.16 billion
- New York — $4.91 billion
- Louisianna — $4.21 billion
- Georgia — $4.02 billion
- New Jersey — $3.83 billion
- Illinois — $3.37 billion
- Pennsylvania — $3.26 billion
- Tennessee — $3.15 billion
These 10 states mixed in the end account for greater than half, 53%, of trucking’s congestion prices nationwide.
Nevada noticed the biggest share enhance in truck congestion prices, rising from $293 million in 2016 to $636 million in 2021, a rise of 117.2%. Louisiana had the second-largest enhance, rising from $2.3 billion to $4.21 billion. Georgia, which ranked sixth total, elevated from $2.21 billion to $4.02 billion.
The area with the very best congestion prices remained the Southeast, adopted by the Northeast. The West, nonetheless, noticed the biggest share enhance in congestion prices from 2016 to 2021, adopted by the Southeast.
Supply: ATRI
Metro Areas
The New York Metropolis metropolitan space ranked highest for cities by way of truck congestion prices, with prices approaching $5.5 billion yearly. The highest 10 metropolitan areas by complete value of congestion are:
- New York Metropolis Metro — $5.49 billion
- Miami Metro — $2.61 billion
- Chicago Metro — $2.57 billion
- Philadelphia Metro — $2.1 billion
- Los Angeles Metro — $1.8 billion
- Dallas Metro — $1.79 million
- Houston Metro — $1.63 billion
- Washington DC Metro — $1.61 billion
- Nashville Metro — $1.44 billion
- Atlanta Metro — $1.39 billion
Miami, Dallas, Houston, and Nashville all moved up one spot, the Washington D.C. metro fell two spots, and Chicago and Atlanta every fell one spot. New York, Philadelphia, and Los Angeles noticed no change.
Transportation Investments
The report additionally paperwork transportation funding by states via the Infrastructure Funding and Jobs Act (IIJA), which might present as a lot as $350 billion in funding to handle congestion.
“During the last a number of years, our trade has skilled a few of the most dramatic will increase in working prices, together with gasoline, labor and tools,” stated Michael Lasko, vp of EHS and High quality at Boyle Transportation. “Think about how these prices are magnified by sitting nonetheless in site visitors. All of us ought to remember that these prices are handed down on to customers leading to increased costs for items and companies all through the economic system. Hopefully we will leverage the brand new infrastructure spending to get our provide chains transferring once more.”
Gasoline Prices
ATRI’s evaluation additionally discovered that the trucking trade wasted over 6.7 billion gallons of diesel gasoline in 2021 because of congestion, leading to greater than $22.3 billion in extra gasoline prices.
A replica of the full report is on the market on ATRI’s web site right here.
