Fixed/Variable Costs - Estimated Costs of Doing Business - Broken Down Per Mile?

I noticed nothing for cargo insurance. I don't know anybody that will load me without it. Yea it all looked a little low. I have spent 1750 a week in fuel. They allowed that per month.

 

This is a good template to start with. Just change out the numbers with your costs. I would also add home living expenses along with the rest, as your income from the truck pays these also. Make sure you account for everything, from your rent/mortgage to clothing costs. Also figure in money you need each week for yourself. and don't forget to save for taxes too. I recommend 35% per week for taxes. I like to set aside more than I will need, so there's no surprises. Then when you get your total, divide it by the number of miles you plan on driving each week to get your minimum cost per mile to run the truck.
Remember, you don't need to think in terms of giving yourself a "pay check", because all of the revenue is yours to begin with, and since you have your home living expenses figured in the cost equation, you won't need a paycheck. Once you know what your cost per mile is, then you can make sure you book loads that will keep you in the profit. remember, every so often you will need to take a load that pays less than your minimum to get back to where the money is. But, before taking a load like that, Figure how much it would cost to deadhead several hundred miles compared to wasting a day on a cheap load. I usually find it to be more profitable to just deadhead for a few hours, get the better paying load, and be back in the money. Not always, but usually.

 

Those numbers are way off I spend $55-$65,k a year in fuel alone just the month of may I spent $7,000 and drove 10,300miles you really think I could drive 89,700 on $13,000 in fuel???

 

Your costs are going to vary widely depending on your operation. The only way to really know is go out and run, then review. I think it takes about a year in whatever job to really get a handle on it.

 

Yes it takes a full year start up cost makes the first months look real bad 2nd year your numbers will start looking a lot better

 

I could do it for $13K on fuel, easy. Just drive off a cliff with the wind at my back and 5,000lb loads, average 25mph. Piece of cake.

Ha.

 

if i could run all year of 20.7k worth in fuel id be a very rich man...lol