Calculating Trucking Rates Per Mile
Updated: Sep 2, 2018
Calculating trucking rates per mile using the trucking rates calculator from the Truckers Trip Planning App's Trucker Trip Sheet helps you to quickly see what rate a load is actually paying per mile.
The objective: Compare the load's rate per mile to your trucks operating cost per mile or kilometer and understand two things: 1) If the load's rate per mile is less than your trucks operating cost per mile, unless you can make up for it later, you are going to eventually pay for this load out of your pocket. If you are already in the hole, you should demand that you be assigned a profitable load. 2) If the load's rate per mile is equal to or greater than your trucks operating cost per mile, you will either break even or earn a profit with the load.
To calculate your trucking rates per mile, let us re-emphasize that leased operators and owner operators need to know their numbers. You need to know the total distance from your current location to the delivery location for your load's delivery,
the average miles or kilometers your truck gets per gallon of fuel, the average cost of fuel at the time of the load, and the actual load pay for the load which includes the actual fuel surcharge for the trucking rates calculator to accurately calculate the rate per mile for the load.
If you are an Owner Operator and are operating under your own authority, then you will be receiving 100% of the #loadpay and the #fuelsurcharge. If You are a Leased Operator or Owner Operator who is operating under the authority of a Trucking Company, then you should be able to see in your contract which is required by regulations that are found in Part 376, §§376.11 and 376.12 of the Federal Motor Carrier Safety Administration regulations referred to as the “truth in leasing” regulations what percentage of the load pay and the fuel surcharge you have agreed to.
The total distance to the delivery location is automatically pulled into the trucking rates calculator from the Truckers Trip Planning Worksheet when you entered your dispatch.
You should be able to use the performance tab on your Qualcomm to obtain the average miles or kilometers that your truck gets and you could simply do a search to obtain the average cost of diesel.
Now! Just load your numbers into the trucking rates calculator from the Truckers Trip Planning App's Trucker Trip Sheet and Calculating trucking rates per mile is made simple.
Get Access to the Truckers Trip Planning App and quickly calculate trucking rates per mile for your loads today.