Knowing your cost per mile is important to being profitable. Information is provided as is and solely for informational purposes, not for trading purposes or advice. The trucking cost per mile app was built based upon suggestions by both the new owner operators who didnt quite understand the importance of knowing their truck operating cost per mile and more. Owner operator trucking cost per mile, rate per mile, pay. You can also calculate an annual average cost per mile. How to calculate owner operator trucking cost per mile. For both leasedon owneroperators and those under their own authority, knowing your cost of operations is vital to success. Determine the total monthly cost per mile by adding the fixed, variable, and salary costs together, then divide them by the total number of miles the truck traveled that month. The column broker mile in this table comes from pay per mile in the first table, where you calculated how much a broker would pay you for a load. Keeptruckins geofencing and detention time reports helped us realize a 10.
The real cost of trucking per mile operating cost of a. To determine the total monthly cost per mile, simply add the fixed, variable and salary costs. Keeptruckin fleet management software for efficiency. Youre shooting for an area in which you are being paid more than your costs of operation. Calculating the real cost of trucking per mile quick. Accounting software for trucking companies rts financial. The report breaks down the cost per mile in five regions of the country. The fleet maintenance software of choice of over 4,000 private, forhire and public fleets, dossier lowers costs and downtime by automating control of your fleets records, pm scheduling, repair orders and. Divide the total cost of the trip by the number of miles in the trip 501 680 73.
Simply enter your total miles, your income, and your fixed and variable expenses. We surveyed over 150 experienced owneroperators asking them what they think are the best freight rates. How to calculate cost per mile for your trucking company. The column shipper mile is an estimate of how much. It is something that you should be doing regularly though, because it keeps you. Accounting, trucking industry by jurica magoci march 8, 2016 8 min comments in this day and age the trucking. When this data is calculated it lets the driver know the estimated cost per mile. Mobile apps that make your trucking business more efficient.
Learn how to calculate owner operator trucking cost per mile, rate per mile, or pay per mile to determine your truck cost using the truckers trip planning apps cost per mile calculator. The more miles i run, the higher my fuel and mechanic shop cost. This application provides per mile, per hour, per bushel, per hundredweight, per ton. Rigbooks is an owneroperator trucking software that lets you choose the most profitable loads by recording cost per mile, profit per mile, and average miles traveled. Here is the total cost per mile for the fictional chucks trucks in the month of august. Protect your business and improve driver safety with intelligent video telematics. Divide by the total mileage driven in a given period. Over seven million americans have jobs tied to the trucking industry, and with truck driving being the most popular job in 29 states, you might be wondering how much a tractor trailer costs. The owner operator truck cost per mile calculator is one of the vital tools that owner operators and lease operators need to help them to quickly see if a load will result in a profit or a loss and whether the load will help to sustain their bottom line the owner operator truck cost per mile calculator feeds relevant calculations to the truckers profit and loss spreadsheet which is the final. The average truck driver is paid per mile and expected to travel between 2,000. Truck costing model for transportation managers upper great. The costpermile calculation plays an important role in the success of your trucking operation, because it will tell you the operating expenses of your truck per mile driven. Rig expense tracker will track the income and expenses, truck information, and load information for.
Quotes are not sourced from all markets and may be delayed up to 20 minutes. The app will then use those figures to calculate your cost per mile. This example used total annual figures to calculate your operating. Truckers trip planning app solo owner operators apps. Cost of operation spreadsheet tools ooida foundation. Know your average trucking cost per mile paragon software systems. The cost per mile for an owneroperator isnt just a number its vital information to help a trucker make decisions about taking loads and passing them by. Add each cost per mile amount together, then divide by the total number of trucks to get average cost per mile for trucking.
Free download tutorials and templates trucking cost per mile spreadsheet, cost per mile calculator trucking uk, trucking expenses. Track your vehicles, trailers, and equipment to improve operations. Chad boblett is the owner and driver of boblett brothers trucking of. An analysis of the operational costs of trucking american. Landline or ooida, or dat did a story on this about 2 years ago. Determining costpermile in trucking is a simple calculation. Copilot truck gps copilot truck gps is a voiceactivated app that help to. The fleet maintenance software of choice of over 4,000 private, forhire and public fleets, dossier lowers costs and downtime by automating control of your fleets records, pm scheduling, repair orders and histories, fuel costs and mpg, cost control with cost per mile hr, parts inventory control w auto reordering, work pending and campaign. Calculating your cost per mile is something that seems difficult at first but is actually pretty simple, if occasionally tedious. You must figure steering tires and drive tires separately. This includes income, total miles drove, variable and fixed expense. In general, the cost per mile decreases as the miles increase.
How much money youre putting in your bank duration. The latest data from the american transportation research institute atri says the average trucking cost per mile in the u. Cost per mile expense calculator the cost per mile app keeps track of what your trucking costs are. Rig expense tracker will track the income and expenses, truck information, and load information for owneroperators, leased operators, and company drivers. The software that was developed determines costs for a variety of truck. Our trucking software helps manage revenue for each truck load. To calculate the cost per mile, divide the cost by the number of miles you drove that month. If it seems high, you may need to take on additional loads to increase your profit and help drive down the cost per mile.
Coffee truck stops sell more coffee than convenience stores. Tire cost is a little more difficult because of the time span involved to gather the required data. One is that it includes in the cost per mile calculation, the cents per mile owner operators need to generate a weekly paycheck. Paccar is recalling approximately 455,458 modelyear 20082019 peterbilt and 20082020 kenworth trucks equipped with namux software.
Thats after adding up all driver, fuel, equipment, insurance, repair and other truck operating costs. Calculate your cost and profit per mile for your trucking. Cost per mile and profit per mile books 2950 warren road, indiana, pa. Every mile you can shave off the odometer adds dollars to.