As per estimations, the average expenses involved in the trucking business is 95% of the total revenue. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. The net profit earned by the owner is just $1. Also, this template is unique according to its specific purpose. Both approaches can be adopted by the business as per capacity. ALL RIGHTS ARE RESERVED! One is that it includes in the cost per mile calculation, the cents per mile Owner Operators need to generate a weekly paycheck. The cost per mile is 23.048 cents per mile for fuel [((18,000 miles/14.4 miles to a gallon)*$3.319 per gallon)/18,000 miles of travel in the year]. PAYPAL is a trademark of PayPal, Inc. Truckers Trip Planning App and the Truckers Trip Planning App logos are pending trademarks of Young And Healthy Marketing LLC . Having higher qualifications and expertise will earn you more money, than the individual who has only basic skills. This template helps the owner-operator to have a look at all the major and critical expenses involved in the trucking business. Free owner operator cost per mile calculator excel expenses spreadsheet. The percentage can be raised or lowered and should be based on the Owner Operators cost outside of the truck. But for owner-operators, it is not possible always to expand the business for more revenue generation. It can’t be controlled to generate profit out of it. However, this article will illustrate the wide variances, and opportunity costs that operators realize on a day-to-day basis. Profit and loss are mostly dealt with these spreadsheets. It’s helpful for the startup, commercial business, and owner-operators. Sometimes the employer will have a fixed salary scale or a fixed project rate which is non-negotiable. Realistically, no trucking company could achieve an average total operating cost per total mile of $1.16, nor would they survive at $3.05 per mile. You can use a simple form or a computer program to calculate your cost per mile. Also, our trucking expenses is a time-saving tool for the owner-operators. Unless one understands the costs involved. 2 Owner/operator cost information helps larger trucking firms that use owner/operators. But want to streamline their expenses to generate profit out of the business. which ultimately provides that information. The reduction in expenses will definitely appear in the income statement in terms of profit. The owner operator truck cost per mile calculator feeds relevant calculations to the truckers profit and loss spreadsheet which is the final tool that should tell the Owner Operator whether a load is profitable and helps the Owner Operator make sound load decisions before running unacceptable loads. There is only a small profit margin and it’s really challenging to earn a lot of money in the trucking business. © 2016-2020 by Young And Healthy Marketing LLC, 396 Watson Blvd, Meherrin, Virginia, 23954. In this article, comprehensive details of expenses are involved in the business of trucking? 1A performance measure in the trucking industry is the unit cost such as per-mile, per-ton, per hour etc. This information is vital if you plan to achieve a successful owner operator trucking business and it helps to avoid running loads that send you straight into debt. In conclusion, the trucking expenses spreadsheet is important to be used by all the owner-operators. These spreadsheets are used in mortgage, loans, and property investments and so on. Topic: Trucking cost per mile spreadsheet. Edit the truck cost per mile calculator to add in your fixed and variable cost that are associated with your business and the calculations will be done automatically as you type. The spreadsheet templates used for business purpose are also complex and these templates are used in stores and other business related affiliates. Edit the truck cost per mile calculator to add in your fixed and variable cost that are associated with your business and the calculations will be done automatically as you type. Companies will hire you when they have a lot of information that they need inputted into spreadsheets, and sorted in a particular manner. It saves a lot of effort, makes the calculation error-free and easier. A regular job will pay you per hour and the rates can range from $10 to $20 per hour. The owner operator truck cost per mile calculator will then render the rate per mile a load should pay in order to cover the Owner Operator's overall cost of operations.