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Based on 2500mi/wk, the cost of all expenses is ~$1.50 per mile, right?

Discussion in 'Ask An Owner Operator' started by Power Meister, Oct 17, 2022.

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  1. Oct 17, 2022 #1
    Power Meister

    Power Meister Light Load Member

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    Power only. Thanks!
     
    Last edited: Oct 17, 2022
    Power Meister, Oct 17, 2022
    Power Meister, Oct 17, 2022
    #1
    Another Canadian driver, LtlAnonymous and blairandgretchen Thank this.
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  3. Oct 17, 2022 #2
    DRTDEVL

    DRTDEVL Road Train Member

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    Uhhh... need a lot more information than that.
     
    DRTDEVL, Oct 17, 2022
    DRTDEVL, Oct 17, 2022
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  4. Oct 17, 2022 #3
    LtlAnonymous

    LtlAnonymous Road Train Member

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    Well, there are maybe a couple variables missing here. Lol
     
    LtlAnonymous, Oct 17, 2022
    LtlAnonymous, Oct 17, 2022
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  5. Oct 17, 2022 #4
    blairandgretchen

    blairandgretchen Road Train Member

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    You're welcome!
     
    blairandgretchen, Oct 17, 2022
    blairandgretchen, Oct 17, 2022
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  7. Oct 17, 2022 #5
    Power Meister

    Power Meister Light Load Member

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    Expenses include every expense. Such as but not limited to:
    Fuel. Repairs. Depreciation. Insurance. Trailer rental or lease. permits, tolls, BOC3, IRP, IFTA..... etc.

    With fuel at ~$5/gal., probably ~$1.50/mi. is what all expenses come out to.
     
    Power Meister, Oct 17, 2022
    Power Meister, Oct 17, 2022
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    Another Canadian driver, LoneRanger and LtlAnonymous Thank this.
  8. Oct 17, 2022 #6
    JonJon78

    JonJon78 Road Train Member

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    It's over $2 for me. That includes paying myself a wage.
     
    JonJon78, Oct 17, 2022
    JonJon78, Oct 17, 2022
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  9. Oct 17, 2022 #7
    abyliks

    abyliks Road Train Member

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    this, $2.59 for me to justify turning the key, not that I’ve been anywhere near that low this year.

    my trailer is $0.172 a mile without the unit running

    fuel alone is$1.02, so with my 20% pad that’s $1.22 alone
     
    Last edited: Oct 17, 2022
    abyliks, Oct 17, 2022
    abyliks, Oct 17, 2022
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  10. Oct 17, 2022 #8
    blairandgretchen

    blairandgretchen Road Train Member

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    Allright - I'm game.

    $1.60/mile expense with paid off equipment.

    Are you financing your gear?
     
    blairandgretchen, Oct 17, 2022
    blairandgretchen, Oct 17, 2022
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    Another Canadian driver, Siinman, Oxbow and 3 others Thank this.
  11. Oct 17, 2022 #9
    Joepoe85

    Joepoe85 Bobtail Member

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    The whole cost per mile comparison is completely worthless.
    Some guys drive 50k miles per year. Some drive 150k a year. Some get 8 mpg and some 5 mpg.
    Some are financing a newer truck and some aren’t. The ones that aren’t usually don’t account for when they’ll need a new truck. I could go buy a new truck tomorrow with cash but that doesn’t mean I don’t have to account for the depreciation just because it’s technically paid off.
    The other thing that’s completely worthless is determining if a load is considered good just by multiplying the miles times your cost per mile. It’s a good start but there’s so many more variables than rate per mile.
     
    Joepoe85, Oct 17, 2022
    Joepoe85, Oct 17, 2022
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  12. Oct 17, 2022 #10
    blairandgretchen

    blairandgretchen Road Train Member

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    Well, you didn't necessarily have to shut down the whole thread with one post - but, here we are. :)
     
    blairandgretchen, Oct 17, 2022
    blairandgretchen, Oct 17, 2022
    #10
    Another Canadian driver, Siinman, DUNE-T and 4 others Thank this.
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