Your operating cost per mile?

ok heres the deal, i average 8-9 mpg, my average price for fuel last month was 3.85 now remember this is average, i get .04 cpm discount from Petro so here is the math, i run 55-60 mph sucks at first but you get used to it. I also run light weight freight east coast to west coast
3.85-.04 discount= 3.81 / 8.5 = .44 cpm, now this was last month, i was running in a lot of high priced states, this is a basic accounting, there are other ways t look at cost per mile that are more complicated,

 

the lease run around .30 cpm, that is truck payment and maint., now bear in mind with the freight i run i only run around 9000 miles a month, and EVERYTHING is covered, if a blow an engine tommorrow its covered, if i have a blowout its covered.i am working smarter not harder.i drop the truck off at international when i am home on hometime they service it and i pickitup wen i am done. the last thing i want to do on off time is work on a truck.

 

I am looking for individual owner/operators that might be upset about rising fuel prices/areas this might be more concentrated in. If any of you can point me in the right direction for finding individuals like this either through a PM or here, I would greatly appreciate it!
Thanks again!

 

Pick one.

We all are upset over rising fuel costs

 

Ya I don't think any of us are happy about it!!!

 

Another $700 bill to fill the truck tonight....

I just SOOO look forward to that...

 

I only ran 86K miles for 2012. The whole object for me is to run less miles for more money.

 

I'm not an owner operator but just thinking about this, sure you can pay yourself a wage and have it figured into your cost per mile, however, your wage is the one cost out of these nine categories (fuel, oil, tires, repairs/maintenance, licensing/permits/..., insurances, misc expenses, vehicle cost/depreciation, wage) which may have to lessen if there's not enough revenue to the truck!

An example: your revenue through the year averages $1.70 per mile for your Total miles driven, and your cost per mile, which in your example of including whatever "wage" you include in "cost per mile", averages $1.76 through the year. In this case, you're going to have to make an adjustment of $.06 cpm less wage through the year, to break even. The adjustment wont be in those first eight costs of actual operation of the truck. Its going to be in that ninth one, your wage!

I wonder if paying yourself barely an adequate wage weekly or bi-weekly, which just covers personal expenses, in that cost per mile, would be an idea. Then once a quarter is completed, maybe pay yourself in the form of a bonus, any excess revenue that you think won't be needed in the operation of the truck, with a cushion for operational expenses of course. I wonder if paying your wage this way, in the event that your quarter didn't match your hopes/expectations, that you'll be glad you didn't pay yourself a higher wage and then have to cough up... for an expensive repair or whatever...

Just my thoughts. I may be off somewhere in my thinking. Enlighten me, please!

 

All i have is a truck.I have lived in my truck for over 30 years...I have nothing more than a truck and some clothing.This is all i own....

My CPM is .71 cents a mile..This covers everything in my life...

 

The simple, unencumbered life, not requiring so much of what most everyone is seeking...! I envy and admire that.