Cost Per Mile for Freight
If you own a trucking business, it is important to understand how to calculate the Cost Per Mile for Freight
Trucking costs per mile add up to a carrier’s operational costs. These numbers help carriers figure out the best per mile rate to charge their shippers.
There are a lot of factors to consider when talking about trucking cost per mile. This includes fixed costs, variable costs, and salaries/wages per mile. When you figure out trucking cost per mile you then know best per-mile rate to charge your shippers.
Fixed Costs are expenses that you pay no matter what, whether your trucks are moving freight or not. This includes things like insurance, permits, etc. To figure your per-mile cost for all of your fixed costs simply add the values of your fixed cost and divide them by the total number of miles your trucks drove that month. Remember to factor in things like truck payments, insurance, office lease, health insurance, permits etc.
Variable Costs come from the money you spend using your trucks. This includes the cost of fuel, maintenance, repairs and other expenses that might happen while moving freight. Variable costs are unique in that they can change dramatically from month to month. Factor common costs like fuel, tires, maintenance, repairs, lodging or meals, taxes etc. Once again add these up and divide by the number of miles your company drove that month.
How Freightcenter Helps Carriers and Shippers
FreightCenter has the best of both worlds. We benefit from our solid relationships with our carriers and that, in turn, benefits our shippers. We make sure our carrier’s trailers are full, and help our shippers find the best, and most affordable, truck for their freight.
If you want to learn more about becoming a FreightCenter carrier, look no further. If you’re a shipper, get a quick quote or contact one of our expert freight agents at 800.716.7608.
We provide competitive freight shipping prices and an all-inclusive, easy-to-use shipping experience for our customers. Exceeding our customers’ expectations results in thousands of satisfied customer reviews and repeat business. We believe in the power of our customer relationships. Check out FreightCenter reviews from real customers, and learn what they have to say about their freight shipping experience!