News alert: Parking is scarce. Sure, there are times when a trucker gets lucky and fits that “perfect spot.” However, more times than not, they find it a challenge to locate the appropriate parking arrangement in a reasonable period of time. A recent study by the American Transportation Research Institute found what you likely already knew to be true — that scarce truck parking can hurt a driver’s (and their company) bottom line. Here are some of the more important takeaways from the survey:
- On average, drivers spent 56 minutes searching for parking during work hours.
- For a trucker, this wasted time leads to a reduction of more than 9,000 revenue earning miles on an annual basis.
- When put into monetary terms, this reduction in revenue earning miles reduces pay by roughly $4,600.