cost per mile to remain profitable

Hello All,

I am still new and learning so please excuse any ignorant questions.

I am researching how to calculate my trucking company (Dully and 40 trailer) cost per mile so I can know my number to remain profitable or atleast breakeven monthly.

Few questions:

1. Should I include my living expenses such as house rent, house bills, day care, food, care note, etc. in the cost per mile calculation as well along with operating cost to run my trucking business?

2. I currently do not know my total mileage I will be driving per month. Currently, i see every example as 10K miles, should I wait a few months before calculating cost per mile?

3. When I am determine if a rate make logical sense, should I include the milage coming and going back home

For example, if my cost per mileage is about $1.7. Today I had a load for $400 from Houston to Louisiana (275 miles). 550 mile round trip. I drove back home empty trailer or deadhead. So the actual rate for the load today was $0.73.

This means I lost money today, right?

Thanks

 

Thank you so much JonJon78,

The salary I calculate for myself (not including my truck driver) is $4000 (or $48K per year). Truck driver is $5000 per month.

So should I include $4000 and the $5000 in the cost per mile calculation?

Thank you,

 

Thank you so much JoeTruck,

I will include salaries in the cost per mile calculation. So many examples on the internet does not cover salaries in the cost per mile calculation.

 

Hello Razorwyr,

Thanks for the information. Yes, I am doing hotshot. Thank you that makes sense to me to include the $9K salary in the cost per mile rate.

Thank you

 

Thank you SOOO much JoeTruck,

For the past week, I have been deadhead 300 miles coming back home. I can find a load going, but nothing coming back.

When I am determine if a rate make logical sense, should I include the milage coming and going back home

For example, if my cost per mileage is about $1.7. Today I had a load for $400 from Houston to Louisiana (275 miles). 550 mile round trip. I drove back home empty trailer or deadhead. So the actual rate for the load today was $0.73.

This means I lost money today, right?