What's your margin - and how to improve it? Online calculator. The calculator includes the following options: 1) Live weight or dressed weight calculations. To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. You will receive a confirmation email shortly. independent guide to trucking costs incurred in the transportation of raw materials, semi-finished and finished products. Mobile and web app for factoring, fuel discounts, credit reports and more. Fixed costs include expenses like insurance, property leases, permits and other services. Please try again later. Post Loads: Post your Load to get maximum options with best Freight rates 2. The number of trucks, their prices and depreciation details and residual value, Number of kilometres each truck drives per year, Costs related to trailers, drivers, personnel and fuel. The % of which your truck reduces in value per year. Factoring services for staffing, distribution, textile and manufacturing companies. How to Calculate Revenue and Profit per Mile. Is it better to take a bus, taxi, or uber? Calculate unit cost measurements for fi xed and variable costs related to transportation. The type of vehicle and the driving conditions usually determine whether we consider an allowance to be reasonable. 2- variable cost,it is higher, because the construction of roads loaded to the vehicle as taxs and fees, cost is afuction in volume. In addition, explore hundreds of calculators including a gas mileage calculator, horsepower calculator, and many others addressing topics such as math, finance, fitness, health, and more. It can operationally be better some times to subcontract a freight and so to make extra money. 1 Calculate the costs per vehicle Km/Year per vehicle (km) Enter the number of km per year per truck on average Profit mark up Rate (%) The per-mile profit is $3.82. If you do not use accounting software, products such as QuickBooks, FreshBooks and Xero can help report all of your costs for less than $20 per month. The calculator below makes a pretty simple thing - first it calculates the total cost of transportation as multiplication of distance by price per kilometre, then it calculates a number of tonne-kilometres as the multiplication of distance by mass of cargo and then the total cost is divided by a number of tonne-kilometres so you will have the cost of transportation for 1 tonne-kilometre. CPK Calculator Calculate your cost per kilometer. This calculator is designed to provide you with a simple-to-use aid to calculating the cost of transporting stock on a ‘per kilogram’ basis, a ‘per head’ basis and a ‘total cost’ basis. 2. Only three steps: fill in the fields to calculate your cost per kilometer. If not sure contact your account manager. The following sections use fictional charts to illustrate each cost category. Fixed costs include expenses like insurance, property leases, permits and other services. The cattle transport costs calculator gives producers access to an easy to use an online tool to assist them in calculating their livestock transport costs. These expenses fall under three categories: fixed costs, variable costs and salaries. There are various factors that have to be considered to be able to calculate the transport costs correctly. How? By submitting this form, you confirm having read the terms thereof. The cost of the trip is 74 cents per mile. This information can also be helpful when switching trucking companies as an owner operator and you wish to compare contracts. How to counter high fuel prices and other increasing transport costs. Fixed costs are expenses that your company incurs whether your trucks are hauling a load or are in the parking lot. Fuel : Rs. Knowing your company’s operating expenses on a per-mile basis gives you the information needed to be profitable. No worries, as the calculator will prefill the data with typical industry values so you can quickly get results. To ensure accuracy in calculating your costs per mile, you must account for your company’s expenses. Average is 2%. Usualy is 5 years. If suppose your truck gives 10km/l that means 6.5rs/Km so you charge double of that rate/km +… 4. Knowing and anticipating costs for your company can mark the difference between success and failure. Services we provide: 1. It helps identify spending patterns and areas where you can cut back if needed. rates depends on distance: rates of transportation is the prices of vehicles services, there is multi criterions for rates connected with ratio, volume, distance and demand. Try our free profit calculator and see for yourself how much more money you can make by using a freight exchange, up to the cent per km. Your personal data will be processed as per Alpega privacy policy. Calculation of a cost of tonne-kilometre. Freight Metrics. High fuel prices, personnel costs, insurance, all steadily going up. This ancient concept of proper supply chain management is what every e-commerce industry is taking up for their business right now. 5.00 per KM Planning Tools Transportation Cost Distance Calculator Currency Converter In-Route Document Trucks List Services: High Quality Logistics Services. The amount you pay your drivers is likely your single biggest expense. Rates per kilometre, which may be used in determining the allowable deduction for business travel against an allowance or advance where actual costs are not claimed, are determined using the table published on this website under Legal Counsel / Secondary Legislation / Income Tax Notices / Fixing of rate per kilometre in respect of motor vehicles. The is the remaining value of the trailer after the depreciation period and depreciation rate. when transport costs vary. Tariffs at transportation , statistics and dynamics of prices at transportation , statistics. Using the same method, we calculate variable costs to be $0.70. Post Truck: Post your Truck to get immediate load for your truck based on location you are available and Preferred destination / route. Here is a fictional illustration of how increased mileage can decrease the cost per mile: To see how cost per mile relates to your company’s income and profitability, refer to our article, How to Calculate Revenue and Profit per Mile. Assess your sales in terms of total sales revenue subtracted by the total … The % of which your trailer reduces in value per year. International trade finance in 40+ countries. Calculate prices for all common means of transport. Not only will this increase revenue, but your cost per mile should decrease. A commercial truck can easily consume more than $70,000 of diesel fuel per year. Running a trucking company without knowing your costs is like driving with your eyes closed. This free fuel cost calculator estimates the fuel cost of a trip based on fuel efficiency, distance, and gas price using various units of measurement. For air shipments, the cost is calculated by multiplying the rate (provided per kg/lbs) for the “chargeable weight”, which is calculated based on the weight or volume of goods. Calculate your total lodging costs by adding together the total amounts of each place you plan to stay. ©2020 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. If you do not know the cost of each mile your trucks drive, you cannot know the best per-mile rate to charge your shippers. All owner operators should know how to determine your trucking cost per mile. The is the remaining value of the truck after the depreciation period and depreciation rate. Variable costs can range greatly from one time period to the next. Sources: OOIDA.com, TheTruckersReport.com. 2) Cost per km travelled. Or perhaps you’re consideringbecoming an owner operator. Here you see your cost per Km. Subtract the per-mile cost of the trip from the per-mile rate to arrive at the per-mile profit of the trip ($4.56 - $0.74 = $3.82). Again, the costs are divided by the 10,000 miles the company drove in August. Factoring for oilfield services companies. Although these rates represent the maximum amount you can deduct as business expenses, you can use them as a guideline to determine if the allowance paid to … Note : (1) The above are Transportation Charges only and does not include Loading/Unloading or Labour Charges. This is the total cost per month for 1 truck and trailer. Is it better to own and run a car? Tonne-kilometre. rates per kilometRe. To help you get the most accurate results from the profit calculator, you need to have the following data ready to input in the tool: Don’t have the above data at hand? Find Total Sales Revenue. Average empty running when using Teleroute (%), Cost per vehicle (per km) when using Teleroute. While your variable costs may increase from taking on more work, the fixed costs will remain the same. It needs to be part of your calculation of cost-per-mile. The per-kilometre rates that we usually consider reasonable are the amounts prescribed in section 7306 of the Income Tax Regulations. Fuel consumption on a 8T to 34T is 3.5 to 1.8 km per litre. Whats your truck cost per … Please contact our customer care executive in case you require Loading/Unloading or Labour Services along with Transportation, charges for which shall be in addition to Transportation … 3. How much do you invest in Teleroute. Freight Metrics provides the road transport industry, operating cost calculators, tools and trip planners, to help owner drivers and transport operators assess their truck and courier operating costs and to promote fair pricing discussion within the industry. Freight Metrics Truck / Tractor Trailer Operating Cost Calculator helps you work out your operating costs and freight price including daily rate, cost per km and cost per tonne. Incorporate additional transportation you’ll use into your costs. Identify information sources and approaches for measuring fi xed and variable costs. This makes it difficult to post a profit. As you put more mileage on your trucks, you will see the variable costs increase. Find Load: Search Load available loads on our website; every day we get more than 3000 loads 4. Cost per km: 51.28 cents Cost per year: $6,988 Why would anyone want to know the cost per kilometre for owning a car? We were not able to calculate your potential savings. We at GIR are committed to provide professional services to take care of Total Logistics needs of our customers and make them satisfied every time. There are lot of factors that contributes to determining the logistics cost in India. Total = cost per unit per kilometer * units * kilometers If you could show what the value for a set of ports and units appears as, and then what it should appear as, we would have a … The period in which the trailer reduces value. Average is 7%. The period in which the truck reduces value. The chart divides each fixed cost by the 10,000 miles that Chuck’s Trucks drove that month: Variable costs are the money that your company spends in operating its trucks. Here is what it looked like for Chuck’s Trucks in August: To determine the total monthly cost per mile, simply add the fixed, variable and salary costs. Just the diesel cost ranges between R3.3 and R6.4 per km, which only makes up 30% to 40% of your total cost Unfortunately, an error has occurred whilst registering for the newsletter. Calculate Your Own Cost-Per-Mile: The Cost of Trucking. Check your finance costs against your operating costs and pricing to buy or sell your truck or tractor trailer. ratios are functions in distance. Here is how Chuck’s Trucks calculated variable costs. You will now see your cost per Km reduced as by using Teleroute you have reduced empty running. Transportation prices at 07.01.2021. If you have specific questions about calculating cost per mile, it is also a good idea to consult a certified public accountant. RTS Financial and RTS Carrier Services Shamrock Trading Corporation Brands. Fixed costs are expenses that your company incurs whether your trucks are hauling a load or are in the parking lot. But even with rising costs, you still can improve your margins and increase your profit, and so outsmart the competition. These calculations will be useful in helping you make these important decisions. Rates at transportation , calculation cost transportation cargo , transportation cost , how much transportation price transportation cargo cost. Eight Keys to a Rock-Solid Trucking Invoice, How to Calculate Cost per Mile for Your Trucking Company, Accounting Software for Trucking Companies, How to Calculate Revenue and Profit per Mile. Nationally, 310 carriers with five or more trucks were forced to shut down in 2015. Background/Objectives: This paper considers the issue of transportation cost calculation in terms of a "Full Truck Load, FTL" model for the "to and fro" trip which is called a "round trip". Carriers that do not track and control their operating expenses may soon go out of business. Current GP wholesale diesel price is R11.5229. Describe factors that drive the cost of fi xed and variable costs. MICHELIN 4 LIFE PACKAGE Extend the life of a tyre by up to 300%. Include office, rent, utilities, driver and training. 3. Transport tariffs may finally be up, but the costs are increasing faster. $180,000 The average total yearly cost of operating a commercial truck. Here is the total cost per mile for the fictional Chuck’s Trucks in the month of August: Knowing your trucking company’s cost per mile benefits you in many ways. If your cost per mile seems high, one solution is to take on more work. Omit just one cost of doing business from your calculations and you will not have a complete picture of your company’s bottom line. Click here to use our cost-per-mile/profit-per-mile calculator spreadsheet. The final section brings all the costs together to calculate a company’s total cost per mile. Factoring for trucking companies operating in Mexico. the container or customs clearance, most costs differ from one transport mode to another. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile. The largest operating expense is diesel fuel. Fixed Costs. If you pay your employee an allowance based on a per-kilometre rate that we consider reasonable, do not deduct CPP contributions, EI premiums, or income tax. 1. uses a set rate for each kilometre travelled for business 2. allows you to claim a maximum of 5,000 business kilometres per car per year 3. doesn't require written evidence to show exactly how many kilometres you travelled (but we may ask you to show how you worked out your business kilometres, for example diary records) 4. uses a rate that takes all your vehicle running expenses (including registration, fuel, servicing and insurance) and depreciation into account. In the chart below, the fictional company Chuck’s Trucks Inc. calculates fixed costs by the mile for the month of August. Extra Turnover through Teleroute (€/month). 5. Trucking is a tough market and poor bookkeeping hurts a company’s chances of survival. 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Company without knowing your company ’ s total cost per mile, you must account for your company incurs your. And web app for factoring, fuel discounts, credit reports and more 10km/l that means 6.5rs/Km so you double! Form, you must account for your company is spending other increasing transport costs by human..: fixed costs include expenses like insurance, all steadily going up spending patterns and areas you! Is like driving with your eyes closed xed and variable costs categories: fixed costs, you must for. Calculate your total lodging costs by the mile for the newsletter on our website ; every day we get than... Be helpful when switching trucking companies as an owner operator and you wish to contracts... The most up-to-date information on how much transportation price transportation cargo cost not and. Trading Corporation Brands Teleroute you have specific questions about calculating cost per month 1... 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