Profit per mile

If your carrying a load at $2.00/mile. Say your expenses are $1.10/mile. $2.00-$1.10= .90 cent/ mile profit.

Example of your expenses, fuel, insurance,tags....etc.

 

Get a number together that you need to cover your personal expenses, pad it for some play and savings, calculate your taxes that you will owe, add 20% and party away! There are some additional costs built into that 'running down the road' expense number though as well.

 

I go off how many miles I drove last year. I base my CPM on 80,000 miles anything over that your CPM drops, I'll send you a PM with a chart on it

 

First thing is to figure out your cost after that figure in your driver pay. I pay my self 30% of what the truck grosses that comes out around $.60 a mile on short hauls and $.48/mi on long hauls.

In my case anything over $1.48/mi is company profit but I only ran 74,000/mi and was only putting back $.20/mi and I went way over that so this year I'm saving $.25/mi

 

I put $720 a week into a account, anything over that is put in a saving account. My regular bills plus 20% averages to 720 a week. So I have two savings accounts and one checking that I use for company only.

Then I have a 4th account that's a secured credit card for 1500 that I buy things that arnt trucking related and put onto that. It makes things a lot simpler.

 

I personally figure it at $2,500 a month profit and $2,500 month savings...this is calculated outside of maintenance, driver pay, taxes, insurance, etc...this number will also go up after I reach certain maintenance goals