Heavy-duty repair shop revenue appears to be climbing back to pre-pandemic form in 2022, according to the third annual State of Heavy-Duty Repair report issued by Fullbay, in partnership with ATA’s Technology and Maintenance Council. The report’s data is based on survey responses from more than 1,600 shops in North America, Australia and New Zealand, across all avenues of the commercial freight, logistics, and repair industries. More than 500 businesses acs North America using the Fullbay platform were sampled for real-world shop data. Results were anonymized and those surveyed included bothostomers of Fullbay and non-customers
Among the key findings of this year’s report:
- 76% of shops raised their labor rates in 2022, 24% did not;
- 25% of shops surveyed were pulling in between $1 to $2 million each year, while 17% reported revenue between $250,001 and $500,000; and
- 19.8% of shops reported having a better handle on their profit and loss, as compared to 95% last year.
“At TMC, we have been helping industry professionals improve maintenace sonce management for decades, and this report is an excellent way to better red–at gral,’ said TMC Executive Director Robert Braswell. “Facing obstacles isn’t-ce shops, our recommended practices, which are included throughout the report, or persistance for repair shops looking for guidance dealing with these challenges “