Variable costs fluctuate depending on the size, utilization and efficiency of your fleet.

These can include things like taxes, permits and insurance costs. Fixed costs are pre-determined expenses that typically recur without changing. Your fleet’s operating expenses can be divided into two categories: fixed and variable. Many fleet managers struggle to accurately calculate TCO, because costs aren’t tracked properly and in a central location. In this post, we’ll explore what goes into your fleet’s TCO, how to determine cost per mile and how leveraging fleet management software can help manage costs.Ĭalculating your fleet’s TCO is the first step in determining your trucking fleet’s cost per mile.

As expenses continue to increase, it’s more important than ever to have total control and understanding of your fleet’s operating budget. With the help of fleet management software, trucking fleets can now automate these calculations to maximize efficiencies.Īccording to the American Transportation Research Institute (ATRI), trucking cost per mile was at an all-time high in 2018. Having a comprehensive view of line-item expenses ensures you understand your trucking fleet’s true total cost of ownership (TCO), but crunching numbers and sifting through spreadsheets can quickly become an insurmountable task. Not only does this ensure you secure the best loads for your fleet, but you can also better manage your entire operation. Understanding your fleet’s cost per mile allows you to bid accurately on loads to haul, as well as determine your return on investment (ROI) from each job. When analyzing costs on a granular level like this, it’s easy to see how every cent can impact your bottom line. Trucking cost per mile calculators break down your fleet’s expenses to illustrate what it takes to maintain and operate your vehicles. Leveraging a Trucking Cost Per Mile Calculator Using fleet management software to automatically calculate trucking cost per mile and total cost of ownership enables you to make data-driven decisions, maximize profitability and optimize your fleet. Using a trucking cost per mile calculator is the best way to know your operating costs and confidently bid on loads.

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