CPM for fuel this year?

now all you have to do is figure in your tags , insurance , tires , oil changes , ifta , ucr , tax's , repairs , scales , and truck/trailer payments and how much you make a mile to see if your making any money

 

My avg. Cpm is .55 since first of year.

 

If we are only talking fuel, then my CPM is right around .54 to .55 since first of year. It is declining now that warmer weather is here, if the wind starts to quite blowing so hard in the Midwest, I will consistently do better than my FSC. I am getting close to my CPM on fuel being equal to the FSC I am getting. Actually beat it the last two weeks and made money since my fuel CPM was lower than the FSC.

 

1st Quarter 2011....65 cents per mile
$22,119.40 fuel
34,179 hub miles

2nd Quarter 2011 Estimated 70 cents per mile fuel for 15,097 miles to date

 

And THANKS rickybobby for your service to our country.

 

But don't you actually pay a lower rate as an o/o? After you deduct taxes and factor in discounts and surcharges? Just curious.

 

I'm not sure what you are asking. I would think most would be giving you their cost per mile after any discounts, so that is a wash. As for FSC that is part of gross CPM so you wouldn't subtract it from fuel cost.

A smart businessman knows his gross revenue in CPM (Cents Per Mile), which includes freight, and FSC on each load. He then knows what each category like fuel, repair/maintenance, insurance and license/permits cost in CPM. By using this method you know your Cost of Operation in CPM, which makes selecting a load a simple process. If it doesn't make a profit, you don't load it.

Sure you can compare your FSC against your fuel cost and say fuel only costs you 0.10 CPM but this has no real value in the operation of the business. It may give you a warm fuzzy feeling if your fuel cost is less than or equal to FSC. Mostly it is a selling point used by companies who are trying to sell you on their lease or lease/purchase. However if you subtract FSC from fuel cost, then you must subtract FSC from gross revenue. Doing this just complicates your tracking of revenue and costs. It adds more variables to the equation.

 

You all ways subtract your FCS from the gross to get the fright rate. A FSC is for fuel only.

 

You may but that is not the way my business model is set up. To me all revenue is part of revenue and all costs are part of costs. Since I followed what others were doing and the way other businesses do things, I know I'm not the red-headed step-child.

It can be done either way but your way gives you two things to keep track of. FSC against fuel cost and freight rate against other costs plus the balance of fuel not paid with FSC. My way just looks at gross revenue against all costs.

I would suggest doing what works for each individual but I am a big supporter of the KISS method.

Everybody else chime in on how you do this.