Trump Proposes Repeal of 10 Regs for Each New Reg
President Trump proposed that, for every new regulation issued by a federal agency, the agency must identify “10 existing regulations” that would be repealed.
Operational Costs Jump Over 6% in 2023
ATRI Details 12.5% Increase in Truck Insurance
In its 2024 Analysis of the Operational Costs of Trucking, the American Transportation Research Institute (ATRI) reported that trucking’s operational costs rose an average of 6.6 percent to $1.716 per mile in 2023. Some examples of costs that have increased are:
• 8.8% increase in truck and trailer payments, or $0.36/mile
• 7.6% increase in driver wages, or $0.779/mile
• 3.1% increase in repair and maintenance costs, or $0.202/mile
Truck insurance rose by 12.5 % to $0.099/mile, after experiencing modest increases in 2021 and 2022. (If you haven’t requested a truck insurance quote from ICSA’s risk purchase group, you can do so here.)
The report also cited the soft freight market for reducing operational efficiency as seen through an average 16.3% increase in deadhead mileage. Combined with lower freight rates, average operating margins were 6% or lower in all fleet sizes and sectors except LTL.
In the report ATRI also conducted an analysis of cost trends in 2024 and beyond, including carrier- reported changes in Q1 2024 costs. The full report is available at no charge on ATRI’s website here.
Inside the Congressional Review Act and EPA Waivers
Lee Zeldin has sent three EPA waivers of California emissions regulations to Congress and the Government Accounting Office (GAO) for potential action under the Congressional Review Act (CRA).
Broker Transparency Rulemaking
FMCSA has extended the public comment period on its Notice of Proposed Rulemaking concerning transparency in broker transactions. The new comment deadline is March 20, 2025.