Can someone check my math.smh

Gonna need more information than that.

 

.06cpm dies not add up. Your fixed cost for 3000 miles would be about. .20cpm but that will change with mileage, more miles less per mile and with less miles that cost will go up.

 

35% of nothing is still nothing..meaning you must know 100% of what the load pays to determine if your 35% is good or not

 

I do it a little different. $607.18 a week times 52 weeks a year equals $31573.36. Figure 110000 yearly miles so 31573.36 divided by 110000 equals $0.29 per mile rounded up.

if you getting 35% of the load even at $2 bucks a mile that is only $0.70 cents per mile minus $0.29 equals $0.41 cents per mile. Do you also have to pay for maintenance, fuel, taxes, insurance, pay all your bills at home and save for retirement out of that?

 

Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong. -- Ayn Rand

Your arithmetic is correct:

$607.18/week x 1week/7days x 1day/24hours x 1hour/60minutes x 1minute/1mile = $0.0602/mile

Your implicit assumption, that you will be able to drive 60mph every minute of every day for the entire week, is flawed...

The good news is that you've stumbled on one of the biggest areas of misunderstanding in this business.

Time is not equal to distance. To make that final conversion, one must make an assumption that may not always be correct -- how many miles will I drive in a minute, or week, or even year. Your miles will vary, time will not. So any mileage rate you get for a fixed (time) cost will be only an estimate and have very limited usefulness...

The best way to make a mileage estimate is probably to use an expected annual mileage like @scottied67 showed.

But it is even better not to make unnecessary assumptions in the first place. Your fixed costs are $607.18/week. If you were a team doing 7000 miles per week, that would be $0.09/mile. If you were doing some local runs and 1250 miles/week, that would be $0.49/mile.

Those costs do not care how many miles you run, so why not just say it costs $607.18/week instead?

Where folks often go wrong is in assigning those fixed costs to additional miles of a detour -- like when deciding whether to drive an extra 15 miles to avoid a $15 toll.

Likewise, someone who normally does 1250 miles/week may incorrectly believe their fixed costs are still $0.49/mile if they are offered a "cheap" 3,000-mile load.

Worse, they may assume it costs nothing to sit a day if they didn't drive any miles, when it actually cost $87 (plus whatever your daily salary is).