Cost Per Mile estimate, am I close?

I know there are many threads on this, and believe me, I've read just about all of them. Not trying to clog up the forum, I'd just like to get some input on my CPM... as I am a new start-up and would like to get off on the right foot.

Vets please feel free to weigh in, your input is much appreciated.

This is based on 1400 Miles per Week, 5600 Miles per Month, 67,200 Miles per Year.

I own truck and trailer.


Fuel: .42 (7 MPG at $3.00 per gallon)
Maintenance: .08
Repairs: .08
Truck Replacement: .10
Insurance: .16 ($900.00 per month)
Admin: .05

Total CPM: $0.89

 

Need to be? Sorry don't quite understand. Insurance is exact. Fuel can fluctuate but 3.00 per gallon should cover it in current market.

 

My business is an s-corp. And will pay myself .80 a mile (if the load allows). Weekly.


Runner, 2017 trailer and 2006 MDT with air brakes.... so my overall maint. such as tires, brakes, etc. will be less frequent than say a 1 ton. I am basically putting .16 toward maint/repair every mile.

Thoughts?