$1000 per day to the driver
I hear a lot of owner/operators talking about to little pay while basing everything on their per mile rate. By playing with the formula below it will change the way you look at rates and improve your bottom line.
"The real cost of trucking in the USA" acording to TheTruckersReport.com is $1.38 per mile. That includes driver wages at .36 so I use $1.00 per mile as an easy way to figure for fuel, tires, PMs, lic, ins, etc.
I like to figure my rates based on my wages per day and trucking expence so I use the formula below to convert to rate per mile or total rate before quoting rates.
Formula: ((Trip miles X $1.00 expence) + (desired wage X days to complete)) divided by trip miles = rate per mile (include deadhead miles in your trip to keep it accurate. and be realistic with load/unload times)
Examples below show money per day to the driver at the rate per mile:
400 mile 1 day run.......... 400 miles x $1 + $500 per day = $900 divided by 400 mile = $2.25 per mile
600 mile 1 day run.......... 600 x 1 + $600 = $1200 divided by 600 miles = $2.00 per mile
1000 mile 2 days.............1000 x 1 + $700 per day = $2400 divided by 1000 miles = $2.40 per mile, $500 per day = $2.00 per mile
1800 mile 3 days..............1800 x $1 + $800 per day = $4200 divided by 1800 miles = $2.33 per mile
1800 mile 3 days.............. 1800 x $1 + $1000 per day = $4800 divided by 1800 miles = $2.67 per mile
200 miles and 2 per day.... $400 x 1 + $1000 per day = $1400 divided by 400 miles = $3.50 per mile
So it is possible to make $1000 per day but $500 - $700 is a lot more reallistic at this point, especially on the shorter runs. Don't forget to figured in for deadhead and load/unload times.
Have a prosperous new year!
"The real cost of trucking in the USA" acording to TheTruckersReport.com is $1.38 per mile. That includes driver wages at .36 so I use $1.00 per mile as an easy way to figure for fuel, tires, PMs, lic, ins, etc.
I like to figure my rates based on my wages per day and trucking expence so I use the formula below to convert to rate per mile or total rate before quoting rates.
Formula: ((Trip miles X $1.00 expence) + (desired wage X days to complete)) divided by trip miles = rate per mile (include deadhead miles in your trip to keep it accurate. and be realistic with load/unload times)
Examples below show money per day to the driver at the rate per mile:
400 mile 1 day run.......... 400 miles x $1 + $500 per day = $900 divided by 400 mile = $2.25 per mile
600 mile 1 day run.......... 600 x 1 + $600 = $1200 divided by 600 miles = $2.00 per mile
1000 mile 2 days.............1000 x 1 + $700 per day = $2400 divided by 1000 miles = $2.40 per mile, $500 per day = $2.00 per mile
1800 mile 3 days..............1800 x $1 + $800 per day = $4200 divided by 1800 miles = $2.33 per mile
1800 mile 3 days.............. 1800 x $1 + $1000 per day = $4800 divided by 1800 miles = $2.67 per mile
200 miles and 2 per day.... $400 x 1 + $1000 per day = $1400 divided by 400 miles = $3.50 per mile
So it is possible to make $1000 per day but $500 - $700 is a lot more reallistic at this point, especially on the shorter runs. Don't forget to figured in for deadhead and load/unload times.
Have a prosperous new year!