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23 Φεβ 2024 · Download our free spreadsheet to effortlessly calculate your freight cost per mile, optimizing your logistics and budget planning efficiently.
- How to Calculate Cost per Mile (CPM) » Track-POD
Use the formula: Cost per mile = Total Expenses / Total...
- How to Calculate Cost per Mile (CPM) » Track-POD
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21 Ιουν 2023 · Use the formula: Cost per mile = Total Expenses / Total Miles Covered to determine the CPM. Remember that this calculation may include only some of the unique factors in your delivery operations. Consider additional expenses, such as vehicle repairs or specific delivery requirements.
6 Μαΐ 2024 · How Do You Calculate Trucking Cost per Mile? Divide your monthly expenses by the miles you traveled to determine the cost per mile. For instance, if you spent $7,000 and traveled 20,000 miles, then the cost per mile would be $0.35.
For instance, if you earned $2,500 from a 2,000-mile haul, your rate would be: (2,500 ÷ 2,000) x 100 = 125 cents per mile. This calculation helps determine revenue per mile, but to find profit per mile, you’d need to subtract your costs per mile from your revenue per mile.
31 Αυγ 2023 · How to calculate trucking cost per mile. In our Excel spreadsheet, you'll need to enter two different expenses: fixed costs and variable costs. 1. Fixed costs. These are expenses that don’t change much in a given time period. They’re the kind you’re going to have to pay whether you’re on the road or not.
Knowing your trucking company’s cost per mile benefits you in many ways. It helps identify spending patterns and areas where you can cut back if needed. Cost per mile also allows you to determine an appropriate per-mile rate to charge shippers.
