Cost-Per-Mile Calculator | Motor Carrier HQ

Learn more about why knowing your cost-per-mile is so important. Plus, you can calculate your own trucking company’s cost-per-mile with our free calculator.

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FAQs about Cost-Per-Mile Calculator | Motor Carrier HQ Coupon?

How do you calculate cost per mile?

For the simplest cost-per-mile calculation, you merely divide the total expenses from your profit and loss statement by the total number of miles you drove. You can see the Haulin Assets’ profit and loss statement in the show notes for episode 17 of the podcast. The math is simple: $52,440.37 / 31,307 miles, which equals $1.67 per mile. ...

Is cost per mile Calculator good for owner operators?

Owner-operators can use the Trucker Calculator to constantly track net profit and cost per mile, ensuring they operate at peak efficiency. This tool can also export detailed PDF profit and loss statements, which can be used to secure a bank loan and provide transparency regarding your finances. ...

How do you calculate cents per mile in trucking?

To calculate cents per mile in trucking, divide total revenue by total miles driven and multiply by 100. For instance, if you earned $2,500 from a 2,000-mile haul, your rate would be: (2,500 ÷ 2,000) x 100 = 125 cents per mile. ...

How much does a mile cost per mile?

The math is simple: $52,440.37 / 31,307 miles, which equals $1.67 per mile. This number will get you close to your actual cost-per-mile, but it is not exact. The biggest reasons being: Some expenses like lumper fees are not true expenses, because they get reimbursed. ...

How do I use the mileage calculator?

To use the calculator, simply enter your base pay per hour or per mile, along with the number of miles you drive per day. The calculator will then estimate your weekly, monthly, and yearly salary based on this information. Can the calculator handle both hourly and mileage pay? ...

How much does trucking cost per mile?

The typical cost per mile for trucking can vary widely depending on factors like fuel, wages, truck payments, insurance, maintenance, and more. As of September 2021, the average cost was around $1.75 per mile, though it’s advisable to research current figures for accuracy. What is a good profit per mile for trucking? ...