Cost of Truck Hauling
Now, when we speak about cost in trucking industry, the real cost of trucking can seem overwhelming. There are so many factors to consider, often those that are overlooked. Proper bookkeeping is the key to successful business. Always break it down to the per mile rate, when either working out how much to charge for a contract or to determine overall cost.
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The estimated average cost of operating one truck is $180,000, per year. That is about $1.38 per mile (of course it does depend on the actual number of miles travelled).
At first that number might seem crazy, but factor in all the cost associated with operating the truck and you’ll see it adds up, quickly. A commercial truck can consume as much as 70,000 gallons of fuel! New trailers can cost $50,000+ while a cab runs $100,000+.
Then you need to factor in the driver’s salary. Don’t forget insurances. Other costs that many new business owners don’t consider are the various tolls, permits, and licenses that are needed. Then there are other expenses such as taxes, operating cost, paying your support staff, and general business expenses.
Source: hankstruckforum.com
But don’t let these scare you, many of these costs can be offset by the size of your fleet, and the combined miles travelled. Also consider what you actually charge a customer. If the rate of $1.38 cents per mile is accurate, then anything over that is potential profit. Keep in mind these are estimates, your actual expenses will vary. This was only done as an example so that you can see the importance of calculating prices based on the per mile rate and not from the total price.
