Quick Answer: How Do You Calculate Cost Per Ton Per Mile?

How much do Owner operators charge per mile?

While company drivers make between 38-52 cents per mile, owner operators typically make about 70% of the load, which would be $1.75 on a load paying $2.50, for example..

What do independent truckers charge per mile?

Industry averages for total driving labor expense per mile range from $0.49 to $0.83 ($0.67 per mile on average)….What is Total Cost Per Mile for truckload carriers?Expense CategoryLow RangeHigh RangeDriver Compensation$0.48 per Mile$0.83 per MileFuel$0.40 per Mile$0.55 per Mile6 more rows•Jan 13, 2020

What is a TKM?

A tonne-kilometre, abbreviated as tkm, is a unit of measure of freight transport which represents the transport of one tonne of goods (including packaging and tare weights of intermodal transport units) by a given transport mode (road, rail, air, sea, inland waterways, pipeline etc.) over a distance of one kilometre.

How do you calculate cost per ton?

The Math / ScienceTC = Total Cost.WM = Weight or Mass of product (e.g. 2.2 tons)UP = Unite Price of product (e.g. $49.50 per ton)

How many minutes does it take to drive a mile?

One minute at 60 mph will move you 1 mile.

How do you calculate cost per mile?

To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile.

How much money is a mile?

Beginning January 1, 2020, the standard mileage rates for the use of a car (van, pickup or panel truck) will be: 57.5 cents per mile for business miles driven, down from 58 cents in 2019. 17 cents per mile driven for medical or moving purposes, down from 20 cents in 2019.

How much would it cost to drive 100 miles?

Cost To Drive 100 MilesMPG$2 per gallon$4 per gallon20 MPG$10.00$20.0021 MPG$9.52$19.0522 MPG$9.09$18.1823 MPG$8.70$17.3996 more rows

How much should I charge to drive someone around?

For a personal driver that will drive your car, the rates can range anywhere from $22 to $66 per hour. Most chauffeur services are going to have a two to three-hour minimum. For example, a three-hour ride round trip could cost anywhere from $66 to $200.

What is the 2020 IRS mileage rate?

More In Tax ProsPeriodRates in cents per mileBusinessMedical Moving202057.51720195820201854.5188 more rows

What is measured in a ton mile?

Freight or shipping activity is measured in ton-miles. One ton-mile is the equivalent of shipping one ton of product, one mile.

What is a good cost per mile?

Based on Driving 15,000 miles annuallySmall SedanSedan AverageCost Per Mile46.4 cents60.8 centsCost Per Year$6,967$9,122

How much does it cost to drive 50 miles?

Cost To Drive 50 MilesMPG$2 per gallon$3 per gallon2 MPG$50.00$75.003 MPG$33.33$50.004 MPG$25.00$37.505 MPG$20.00$30.0096 more rows

How much per mile should an owner operator make?

The average owner-operator revenue per mile was $1.35 in 2017, according to ATBS, which was up 7 cents per mile over 2016’s average.

What is a passenger mile?

A revenue passenger mile (RPM) is a transportation industry metric that shows the number of miles traveled by paying passengers and is typically an airline traffic statistic. Revenue passenger miles are calculated by multiplying the number of paying passengers by the distance traveled.

What is revenue ton?

A unit measure used in marine transport to compare the volume and weight of a shipment. Freight rates are usually expressed in terms of cost per revenue ton. The greater of total cubic feet/40 versus the total gross weight in pounds/2.234. …

What is the going rate per mile for trucking?

$1.82The latest data from the American Transportation Research Institute (ATRI) says the average trucking cost per mile in the U.S. is $1.82.

How many miles can a gallon of gas take you?

20 milesThat would equal 20; therefore, you traveled 20 miles for every 1 gallon of gas. Your gas mileage would be 20 mpg (miles per gallon). You may wish to use an online auto mpg fuel cost calculator.