How often do you figure out your operating cost?

Discussion in 'Ask An Owner Operator' started by iowabmw, May 26, 2008.

How often do you figure your operating cost?

  1. *

    Before every load

    27.3%
  2. *

    Every week

    45.5%
  3. *

    Once a month

    27.3%
  4. Once a year

    0 vote(s)
    0.0%
  5. *

    Never

    13.6%
  1. iowabmw

    iowabmw Medium Load Member

    388
    23
    Jul 15, 2007
    Quad Cities, IA
    0
    How often do you figure your operating cost out?

    This should be a interesting thread.
     
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  3. im6under

    im6under Heavy Load Member

    782
    406
    Feb 13, 2007
    iowa
    0
    sounds more like sour watermelons, or grapes, or something...:biggrin_2556:
     
  4. iowabmw

    iowabmw Medium Load Member

    388
    23
    Jul 15, 2007
    Quad Cities, IA
    0
    I actually thought I would get more results than this by now, but I was wrong.

    Maybe some guys are actually afraid to admit how often they figure their operating cost.


    For the guys who voted for once a month, how in the heck does that work with you?

    I mean Diesel goes up everyday and if you don't adjust but every 30 days you could be off .50 cents a mile by the end of the month.
     
  5. MedicineMan

    MedicineMan Road Train Member

    5,799
    6,440
    Jan 13, 2007
    Woodville, TX
    0
    once a month is more then reasonable for mot costs as they are relativly fixed. Fuel is easy to figure in your head on a daily basis to keep track of so mabey that's what they are meaning
     
  6. BigDiesel

    BigDiesel Light Load Member

    151
    10
    Mar 20, 2007
    Somewhere....
    0
    I review my numbers every two weeks.
     
  7. Eskimo6804

    Eskimo6804 Heavy Load Member

    816
    3,344
    Jun 13, 2007
    Northeast Alabama
    0
    I do a P&L report for the company once a month. The fuel surcharges are adjusted weekly per my contracts with the customers, so in my situation, fuel cost fluctuations are irrelevant due to the surcharge compensates.
     
  8. TX_Proud

    TX_Proud Light Load Member

    208
    54
    Jan 2, 2007
    Houston, TX
    0
    I figure my costs on each and every load. This week I adjusted my cost structure as well to account for increase in cost of tires, PM and repairs. With fuel prices increasing significantly on almost a daily basis, I need to know before I haul the load whether it is profitable, not wait until the end of the month to see how well I did. Calculate against all miles and consider the time factor as well. I set my revenue target against my resource utilization and measure daily against performance.
     
  9. Roadmedic

    Roadmedic Road Train Member

    18,951
    8,979
    Apr 4, 2007
    0
    I review the cost and project what the load will cost at the start of the load. I review it enroute.

    After the load, I analyze for variances.
     
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