Did you know that 15.5 million trucks operate in the U.S?
Access to cheap transportation has modernized the world. Yet, we’ve overlooked the distance traveled regarding products, values, and essentials.
This has significantly placed modernized countries at a competitive advantage in the global market. And with globalization, the trucking industry has boomed.
Unlike the traditional method of getting products from one place to another, long-haul trucking can be applied for equally intensive tasks. For example, transport companies work on bulk orders or freight delivery services.
But what is the reason behind why it’s so cost-efficient? Keep reading.
The Cost of Fuel
Regarding the cost of fuel, long-haul trucking is still so cost-efficient because of the economies of scale involved in long-distance trucking.
When you compare the cost of fuel per mile to the cost of operating the truck, it is clear that the cost of energy is a relatively small part of the overall cost. This is why long-haul is still so cost-efficient despite the rising fuel cost.
The Price of Tires
The price of tires is a significant factor in the cost-efficiency of long-distance trucking. Tires must be regularly replaced due to the long hours and heavy loads of wear and tear.
However, the cost of tires has remained relatively stable over the past few years. This stability is good news for trucking companies and helps to keep transportation costs low.
Maintenance and Repairs
A long-haul truck’s average repair and maintenance cost is only $0.15 per mile, compared to $0.33 per mile for a passenger car. This is because long-haul trucks are designed to be driven for long periods and are built to withstand the rigors of the open road.
In addition, most long-haul companies have maintenance and repair facilities, which helps keep costs down.
Long-Haul Trucking Insurance
The main reason is that long-haul companies can purchase insurance much lower than other businesses. This is because insurance companies classify long-haul companies as high risks.
This classification is based on the fact that long-haul companies are more likely to have accidents than other businesses. Therefore, insurance companies charge a higher premium to insure long-haul companies.
If you are looking for trusted insurance, check out the site for more tips for long distance trucking.
In 2020, the average cost per mile to operate a tractor-trailer was $1.82, and the average length of a haul was 988 miles. This means that the average price to ship a freight load was $1,755.
This is still a very cost-efficient way to move goods, especially compared to other modes of transportation. Trucking is the most popular method of freight transportation in the United States, accounting for 70% of all freight shipments.
The Future of Long-Haul Trucking
Longhaul trucking is still so cost-efficient because it offers several advantages over other transportation options. It is faster, more reliable, and can be more flexible to accommodate changes in shipping schedules.
These advantages allow shippers to save money on transportation costs, making long-haul trucking more attractive for transporting goods.
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