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. Knowing your company’s operating expenses on a per-mile basis gives you the information needed to be profitable.
If your cost per mile seems high, one solution is to take on more work. Not only will this increase revenue, but your cost per mile should decrease. While your variable costs may increase from taking on more work, the fixed costs will remain the same.
So if you can manage to avoid many of the traffic delays, find easy parking when you need it, try to get some of your appointment times moved ahead, and rest before you become too exhausted, you'll be able to turn more miles, make more money, feel more energetic, be a safer driver, and please your company immensely with the same amount of sleep as a driver with less-efficient time management skills.
And what mileage goals should you shoot for? In your first six months on the road as a rookie I would say about 2400-2700 miles per week would be a solid goal to shoot for. From about six months to a year on the road you can up it a little bit - maybe 2600-2900 miles per week. After you've been on the road for a year you should be able to run about 3000 miles or so per week on average safely without burning out.
Any calculation, summary, description, or paraphrase of a regulatory requirement on this site is intended to provide general guidance only. Please consult the text of the Federal Motor Carrier Safety Regulations for a full account of the applicable requirements. All calculations should be confirmed and checked before using. Requirements and calculations can change as regulations change.
©TruckerCalculators.com 2018