[sc5952]

What is your bottom line operating expense with hired driver, with yourself? Mine is with hired drivers and little aggressive on fuel. Let me know if I missed something guys, most of you are more experienced than I and know more, only been doing this for 3 years (in April).
Fuel = $0.68 cpm
Driver pay + payroll taxes + work comp = $0.43 cpm
Maintenance fund = $0.25 cpm
Those add up $1.36/mile. I also have $303.85/week insurance/tags/taxes (if each truck was broke down evenly) and $354.69/week on truck payment (1 of 3 trucks has payment). Obviously I don't pay the weekly stuff per week, just broke down that way. So if I ran following weekly miles here would be bottom line expense:
2,000 miles/week = $1.689 with payment and $1.512 w/o payment
2,500 miles/week = $1.623 with payment and $1.482 w/o payment
2,750 miles/week = $1.60 with payment and $1.47 w/o payment
3,000 miles/week = $1.58 with payment and $1.461 w/o payment
3,250 miles/week = $1.563 with payment and $1.453 w/o payment
3,500 miles/week = $1.548 with payment and $1.447 w/o payment

Thank you.

[Roadhog]

Are you asking what are the variable costs per mile, while the truck is moving, only?
Not overall operating costs?

I think what works best is you figure your fixed costs per day, and the variable costs per mile.
Payroll would come under fixed costs.

[sc5952]

Originally Posted by Roadhog

Are you asking what are the variable costs per mile, while the truck is moving, only?
Not overall operating costs?

I think what works best is you figure your fixed costs per day, and the variable costs per mile.
Payroll would come under fixed costs.

I know my set per week cost will be $303.85 per week per truck for tags/taxes/insurance. Just took yearly cost divided by 52.
I know my truck payment will be $354.69 per week on one truck figured same as above.
Those two things are the items not mile based but stuff I have to pay regardless of miles.
My $0.25/mile maintenance fund is solely on miles. If it isn't moving it isn't likely to break lol.
The $0.43/mile for payroll/taxes/work comp are based on miles, if driver doesn't make miles I don't pay. My work comp is based that way also.
The fuel at $0.68/mile is one that will vary because fuel markets. If don't run won't use fuel.
So yeah $1.36 will be every mile and the $303.8 and $354.69 will be set amounts per week.

My main thing is making sure it all sounds right to you seasoned veterans of the road. I do not want to sell myself short on my figures.

[no_worries]

Originally Posted by sc5952

My main thing is making sure it all sounds right to you seasoned veterans of the road. I do not want to sell myself short on my figures.

What is there to "sound right?" You've been operating for awhile, right? You have actual numbers for all those items; there's no need to estimate and speculate.

[Roadhog]

ooida has some helpful guidelines in this link >> Figuring Cost Per Mile, Owner-Operator Independent Drivers Association

[sc5952]

Thanks.

[solo379]

I wouldn't comment on your calculation, i think it might be a bit low...But i didn't get your math. 2000 miles would be $2,720 +$303 insurance.

[Roadhog]

Originally Posted by sc5952

Thanks.

… for nuthin'

You'll get more response sc, after the holidays.

most of these Pirates are in Tartuga eating, drinking and wenching right now… me thinks. Arrrh

[Dejan Novakovic]

Originally Posted by sc5952

What is your bottom line operating expense with hired driver, with yourself? Mine is with hired drivers and little aggressive on fuel. Let me know if I missed something guys, most of you are more experienced than I and know more, only been doing this for 3 years (in April).
Fuel = $0.68 cpm
Driver pay + payroll taxes + work comp = $0.43 cpm
Maintenance fund = $0.25 cpm
Those add up $1.36/mile. I also have $303.85/week insurance/tags/taxes (if each truck was broke down evenly) and $354.69/week on truck payment (1 of 3 trucks has payment). Obviously I don't pay the weekly stuff per week, just broke down that way. So if I ran following weekly miles here would be bottom line expense:
2,000 miles/week = $1.689 with payment and $1.512 w/o payment
2,500 miles/week = $1.623 with payment and $1.482 w/o payment
2,750 miles/week = $1.60 with payment and $1.47 w/o payment
3,000 miles/week = $1.58 with payment and $1.461 w/o payment
3,250 miles/week = $1.563 with payment and $1.453 w/o payment
3,500 miles/week = $1.548 with payment and $1.447 w/o payment
Thank you.

You should add depreciation of your trucks and other equipment.


I would do it like this

Truck 1

Fixed cost: *5 year based*
- Truck depreciation
- Parking
- Loan costs
- Insurance
- tag/taxes
- GPS/3g service truck tracking?
- Licenses
- Permits
- Accounting services
- ...

Variable cost: *per mile*
- Maintenance
- Service
- Truck driver per mile
- Tolls
- Payroll taxes
- Gas
- Truck washing