Percentage of fuel cost per load gross.
Discussion in 'Ask An Owner Operator' started by Luwi67, Jan 19, 2023.
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God prefers Diesels, D.Tibbitt, Siinman and 1 other person Thank this.
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I always figure fuel at 30%. Seems to average out close at the end of the month.
Cat sdp, God prefers Diesels, D.Tibbitt and 1 other person Thank this. -
just for interest sake, and if I have done my conversion correctly from 2lt per Km.
My truck is a 2013 12.9lt 460HP, it does about 4.7 mile per gal pulling a single. GVM 93,600Lb. I just had returned a 2020 15lt 540HP hire truck pulling the same road and it did the same milage.
I wonder if there is something actually in that progress, or not? I have been thinking of going to a 2023 10.5lt 450HP next truck to save on fuel, plus its 700kg lighter.
Also interesting to discover using the same hill and comparing my 460 to the 540, both trucks doing 100 at the bottom end up both doing 80 at the top. Thought the bigger motor would have pulled better. It kind of did on the flats which is meaningless to me as the speed limit is what is. But nothing to be gained on the hills.singlescrewshaker and SL3406 Thank this. -
A load I am going to be taking that I have taken before is $2102.60, I figure I will spend about $800 or roughly 38% on fuel. That is BEFORE fuel surcharge is added, though. After the fuel surcharge is added, it will be more like 20% or somewhere in that neighborhood. Of course it varies week to week with the FSC and the customer and the rate and all that. But usually ends up being around 20% final cost to me, not counting any discount received from EFS. I never count that though because I never know what it will be until I receive my settlements and compare what was deducted for fuel to what the receipts say.
jaffles Thanks this. -
This is something I pay attention to as well to help evaluate my haul rates. Obviously the lower the better, but I try to keep fuel cost 25% or less of gross revenue.jaffles Thanks this.
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My fuel is about 30% of gross. 379 peterbilt isn’t known for its fuel efficiency.
HoneyBadger67 Thanks this. -
I used to always calculate back of the envelope 33%fuel, 33% to truck,33% to me. I’m retired now but that was always just kind of a quick way to get a general idea. I never ran any short haul and I’m sure my estimate would be way off for those. For example a load from Wisc to west coast I normally got about $4800. $1600 fuel,$1600 for the truck and $1600 to me.
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I dont.
I plan with a 55CPM on fuel, plus 25CPM for maintenance. I calculate my total expenses at $1 a mile.
I drive 70 miles an hour, so if I book a $2 a mile load (the lowest I go) I know I am earning $70 an hour. I go for an average goal of $3 a mile, split between $2 loads and $4 loads so I know I am making $140 an hour after expenses. This allows me to figure on a 50 driving hour week paying $7000 net roughly.
This varies by the season, and the lanes with traffic.
I run a clipped aero manual transmission truck with super singles. I get 7-9MPG at 70MPH. -
I just figure about $1.50/mi in operating costs ($0.80 fuel and $0.70 maintenance/ wear and tear). I set my base at $2.50 per loaded mile but aim for $3. What's difficult is getting wife to understand the money is on a load by load basis, not an average over 3-4 loads....
cke Thanks this. -
Since about 2020 when fuel and everything else started to climb I changed my target from 25% to 20%.
A quick example would be if I calculate fuel cost to be $1000, my minimum rate would be $5000.
I've had my tractor (97 379) for 20 years and my trailer (2004 Jetco drop deck) for 19 years. I have a good idea what kind of fuel mileage different loads will give me. A high wide and ugly load could drag me down to 5mpg or less depending on the wind. The truck averages 6.8. I've been paid to dead head some long distances and the truck is consistent at 8.1 empty.
The formula I've been using for over a decade is for example: 1000(miles) divided by 5.5(industry standard flatbed mpg) = 182 gallons burned. 182 gallons x average price of fuel on route say $5 = $910. $910 x 5 = $4550. $910 is 20% of $4550. To go a little further to find out what that is per mile is $4550 ÷ 1000 = 4.55 a mile. I got this formula from a guy on here years ago named Fred, he was out of Wyoming.
That works ok for loads over 700 miles. Under 700 miles I basically go for a combination of time and expenses that usually works out to $2000
to $2500 per day.
Charging per this method keeps you safe when the fuel skyrockets in cost. The higher the fuel goes the more money you make because it's based on percentage.
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