cost to move numbers

your missing a few things..And yes with these assumptions of paying yourself only $1,000 per week, Yeah that looks close..Get that truck n trailer PAID off.......You'll sleep better.

There are a few dozen OTHER yearly expenses (IFTA,UCR,Corp taxes,health ins,workers comp or occ/acc etc)

To look Good..Try to average at LEAST $1.90 p/m for ALL miles for the year,you'll sleep a bit better....Get some experience then you can average $2.20-$2.50 per mile ALL MILES

 

What did you figure for profit?

 

I prefer to break things down more into monthly payments rather than fixing everything to a 'per mile' basis ...
My 'per mile' costs are calculated only to when the truck moves, so basicly I have only fuel, tires, maintenance ... all else, including my own pay, I use as a monthly set amount, because that is what they are ...

 

You can't get your RPM without doing the numbers the right way, of course you can guesstimate but, that could be off by $1000's a year. Get a good spreadsheet or software program and break everything down to $PM. Even if your truck doesn't move, it changes all your numbers...ie cost and revenue. Just my .02cents

 

fuel: 0.65
tires: 0.05
maintenance: 0.10
total: 0.80

Monthly expenses:
my pay: 6,000
insurance 1,000
trailer payment 1,050
other misc expenses, includes quarterly ifta (I always pay in), 2290, NY HUT, OR/NM/KY miles, plates, everything else: 1,500
total: ~9500

So more or less, as long as I have a good 10 grand anyway after my direct on road expenses, I am good ... it is usually pretty easy to meet this target in the first 18-21 days of the month ... some months I drive a lot more, I leave the money in the company and call it money for a future truck, or at the end of the year I give myself a nice bonus ... running like this leaves me about 1200 per week of spending money after all taxes ...

This system works well for me because I hate running the same lanes for the entire year. Through summer I will run from Ontario to the east coast, NJ/NY/PA/MD/etc and back, the rates are higher but it is seasonal work and when the season dies I am ready to run somewhere else anyway. Come winter I do Ontario to western Canada, drop down into Wa state and load apples usually back to toronto or montreal. Not as much per mile but it is also steady work and I make about the same, only difference is the truck turns more miles. Also I don't have the toll costs that I pay on the east coast runs ...

 

Another thing I forgot, I don't see why you need to know your exact cost of operation per mile in order to count your pennies per mile profit ... I rather know what lanes pay what rates for what times of year and be able to decide what is a good load or a bad load based on what you have learned ...

 

Do you have your own trailer? if so where are those costs?

What about office supplies? Phone with data plan? Computer/printer/scanner? Load boards? E-fax account? stamps/envelopes?

Trucking supplies? ratchet straps? load bars? blankets? broom? chains?

Hotel & showers? Even if you always sleep in the truck, you'll be in the shop some nights...

Tolls?

Yearly expenses look low -- plates & HVUT alone will run $2500-$3000. On the other hand, your insurance looks high & your mpg looks low. On the whole, you're in the ballpark. Unless you've been tracking your numbers as a company driver, you probably won't do much better dialing in your numbers until you start running.