Source: American Transportation Research Institute, Washington, D.C. A 2023 update to the American Transportation Research Institute’s Analysis of the Operational Costs of Trucking finds for-hire motor carriers’ marginal costs climbed to a new high in 2022 for the second year in a row, up 21.3 percent over 2021. Though fuel was the largest factor in the spike, as diesel prices…
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Contractor survey: Labor, material challenges constrain recovery
In the face of worker and materials shortages, plus rising costs, commercial construction contractors cite a slowdown in the pace of their recovery from the pandemic, according to U.S. Chamber of Commerce Commercial Construction Index third quarter data. The Index presents results from a Dodge Data & Analytics survey of contractors performing nonresidential building work. More than 90 percent of…
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