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15 kwi 2024 · How Do You Calculate Trucking Cost per Mile? Divide your monthly expenses by the miles you traveled to determine the cost per mile. For instance, if you spent $7,000 and traveled 20,000 miles, then the cost per mile would be $0.35. Similarly, if you calculate the miles per dollar, you can do this by dividing the miles traveled by the dollars spent.
Calculate Your Cost-Per-Mile. The most important number you should be able to calculate is the average cost-per-mile. We’ve created a list of each expense to give you an idea of what you can expect to pay and ways you can plug in your own numbers to calculate the cost for your own trucking company.
31 sie 2023 · This article applies to shippers, owner-operators, delivery fleets, or trucking businesses. How to calculate trucking cost per mile. In our Excel spreadsheet, you'll need to enter two different expenses: fixed costs and variable costs. 1. Fixed costs. These are expenses that don’t change much in a given time period.
HOW TO USE THIS CALCULATOR. In order to operate profitably trucking companies must first know their “all-in” cost-per-mile (CPM). Knowing this cost, is the only way to set a freight rate that will generate enough revenue to pay costs and generate a profit. Enter your trucking company’s costs in each of the following fields to calculate CPM.
Simply add in your expenses and the sheet will update to calculate your operating cost per mile, total monthly expenses, and average monthly profit after expenses. This will empower you to know how much you’ll need to bring in every month to turn a profit.
To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile. Using the same method, we calculate variable costs to be $0.70.
Our calculator takes the guesswork out of managing your costs, providing you with accurate, real-time calculations for cost-per-mile, rate-per-mile, and fuel expenses.
