You know you need to spend money to make money, but at what point are you making money? Use our Cost Per Mile calculator to determine your operational costs per mile as an owner-operator. Your CPM helps you negotiate contracts, find more profitable loads and grow your trucking business.
Please enter value
Fixed Costs is empty!
Do you finance or lease any of your equipment? List the monthly payment here.
Includes Truck Insurance, General Liability, Cargo Coverage
Includes ELD, TMS, load boards, association memberships or business website costs
Includes mobile phone, land line, internet, satellite, accounting software, home parking, etc
Includes truck maintenance, tire replacement, tools, and cleaning supplies
Includes IFTA, tolls and scales
Includes Fuel, Def, Reefer fluid
Includes travel expenses, meals, showers, paid parking, training classes, etc.
Monthly pay for your driver. Owner-operators enter what you plan to pay yourself.
Your cost per mile is your fixed costs + your variables costs, divided by miles driven per month.
This tells you how much revenue you need to bring in per mile to make money. If your CPM is $0.46, your rate per mile should be above $0.46 to make a profit. Every cent above $0.46 would be considered profit. Now you can bid smarter on loads and negotiate contracts.