To emphasize, there is the IFTA tool expenses, the fuel costs, the truck driver salary, the road trucking expenses, their stops at truck stop amenities etc.
In other words, after the act of not predicting the cost per mile, you will face a never-ending battle.
How To Avoid
Calculating and knowing the cost per mile is key to every trucking company’s profit.
Therefore, the question is: “How to avoid per mile trucking expenses that are destroying your profit”?
The analysis is the following:
In order to find and decrease trucking expenses per mile, take the total costs and divide them by the number of the monthly miles traveled.
Additionally, you can start doing the math by calculating the costs per mile first and then sum it all up.
What you also need to keep in mind is that the income, as well as profit, may change and vary on a monthly basis.
Besides the profit which you might make same as you did the last month or not, other influential trucking expenses are the weather as well as changes in mileage.
