Based on our observations, having the average rate per mile for trucking and accurate information about trucking freight rates is essential to properly pricing trips and negotiating rates with your customers. Trucking rates per mile 2023 Method Be sure to consider the associated costs of finding work in your calculations. However, this can be automatically converted to compatible units via the pull-down menu. How to Calculate Cost per Mile for Your Trucking Company What I need to know is would I be better served with a flatbed,dry van or reefer? Clearly, the average cost for a used semi truck is fairly reasonable. Also known as car sharing, carpooling is the arrangement between two or more people to travel to a shared destination in a single vehicle. Trucking companies started large recruiting drives, and many people decided to start trucking businesses of their own. How Much Does a Used Semi Truck Cost? - FreightWaves Ratings Get the free daily newsletter read by industry experts. For more on how we use this information please see our privacy policy. You have to figure in profit which does not include your personal earnings. Based on our firsthand experience, this may be an extra cost that you have to consider when giving your customer an estimate of the total cost of your services. Brian Henegar, a Pilot Flying J guest services agent, tells Transport Dive why he thanked drivers on the show. Heres the breakeven cost when we make a few more of these tweaks: Breakeven cost of electricity and hydrogen. You'll need to have a commercial driver's license, which can cost another $200 to $500. The FOB shipping point indicates that the title and responsibility of goods transfer from the seller to the buyer when the goods are placed on your delivery vehicle. Idling a heavy-duty truck consumes about 0.8 gallon of fuel per hour. We usually figure a number of $150 per day per truck, which equates to roughly .31 per mile. Gas Trip Calculator. Find lowest fuel prices & save - GasBuddy Required fields are marked *. Now you will likely have the hours available to legally make that delivery by mid-morning Tuesday. At the time of writing, the national average flatbed truck rates are $3.14 per mile. FIXED COST/MILE = .341 cents/mile (Total Annual Fixed Costs divided by Total Annual Miles = COST/MILE) FIXED COST/DAY = $112.41 (Total Annual Fixed Costs divided by 365 days = COST/DAY Your fixed cost/mile tells you how much it costs your business per mile to operate. Is it time for supply chains to break out the pre-pandemic playbook? To recap, the truck rates you use for your business can be influenced by the: By becoming an expert on what is theaverage trucking rate per mile and keeping up with industry trends, youll be able to offer competitive prices and attract more customers, meaning more revenue. The used-truck market may also see increased activity. To better calculate your fleets costs, revenue and profit per mile, you must determine the fuel efficiency of each truck you operate.