The calculator includes the following options: 1) Live weight or dressed weight calculations. If you have specific questions about calculating cost per mile, it is also a good idea to consult a certified public accountant. 2. Omit just one cost of doing business from your calculations and you will not have a complete picture of your company’s bottom line. Knowing your company’s operating expenses on a per-mile basis gives you the information needed to be profitable. Here is how Chuck’s Trucks calculated variable costs. Freight Metrics. No worries, as the calculator will prefill the data with typical industry values so you can quickly get results. The is the remaining value of the truck after the depreciation period and depreciation rate. You will receive a confirmation email shortly. Post Truck: Post your Truck to get immediate load for your truck based on location you are available and Preferred destination / route. Mobile and web app for factoring, fuel discounts, credit reports and more. 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. Complete this form and a representative will call you quickly with more information. 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 (%) Running a trucking company without knowing your costs is like driving with your eyes closed. The % of which your truck reduces in value per year. How to counter high fuel prices and other increasing transport costs. You should calculate these costs monthly to get the most up-to-date information on how much your company is spending. Just the diesel cost ranges between R3.3 and R6.4 per km, which only makes up 30% to 40% of your total cost RTS Financial and RTS Carrier Services Shamrock Trading Corporation Brands. Alpega Group N.V. Transport Services Head Office: Belgicastraat 17, 1930 Zaventem BELGIUM. 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. The per-mile profit is $3.82. Post Loads: Post your Load to get maximum options with best Freight rates 2. $1.38 The average per mile operating cost for the trucking industry. You will now see your cost per Km reduced as by using Teleroute you have reduced empty running. 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. The largest operating expense is diesel fuel. when transport costs vary. This ancient concept of proper supply chain management is what every e-commerce industry is taking up for their business right now. Overhead costs such as office/training (â¬/year). The final section brings all the costs together to calculate a company’s total cost per mile. Please try again later. Extra Turnover through Teleroute (â¬/month). This calculator is designed to provide you with a simple-to-use aid to calculating the cost of transporting stock on a âper kilogramâ basis, a âper headâ basis and a âtotal costâ basis. How to Calculate Revenue and Profit per Mile. Calculation of a cost of tonne-kilometre Your personal data will be processed as per Alpega privacy policy. To ensure accuracy in calculating your costs per mile, you must account for your company’s expenses. Assess your sales in terms of total sales revenue subtracted by the total â¦ 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. 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. Unfortunately, an error has occurred whilst registering for the newsletter. Using the same method, we calculate variable costs to be $0.70. Calculate your total lodging costs by adding together the total amounts of each place you plan to stay. 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). This is increased compared with the step2 as a result of running empty. Again, the costs are divided by the 10,000 miles the company drove in August. Cost per mile also allows you to determine an appropriate per-mile rate to charge shippers. This is the total cost per Km for 1 truck and trailer. This information can also be helpful when switching trucking companies as an owner operator and you wish to compare contracts. This makes it difficult to post a profit. CPK Calculator Calculate your cost per kilometer. Please try again shortly. 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. 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. These expenses fall under three categories: fixed costs, variable costs and salaries. Incorporate additional transportation youâll use into your costs. These costs include fuel, maintenance, repairs, meals, lodging and other expenses incurred on the road. Variable costs can range greatly from one time period to the next. Planning Tools Transportation Cost Distance Calculator Currency Converter In-Route Document Trucks List Services: High Quality Logistics Services. Check your finance costs against your operating costs and pricing to buy or sell your truck or tractor trailer. 5. 2) Cost per km travelled. A commercial truck can easily consume more than $70,000 of diesel fuel per year. Online calculator. You have successfully registered for our newsletter. the container or customs clearance, most costs differ from one transport mode to another. 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. But even with rising costs, you still can improve your margins and increase your profit, and so outsmart the competition. Usualy is 5 years. 4) Average animal liveweight. 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 â¦ Factoring for trucking companies operating in Mexico. 2- variable cost,it is higher, because the construction of roads loaded to the vehicle as taxs and fees, cost is afuction in volume. These charts serve as examples that may not reflect all of your company’s expenses. Is it better to take a bus, taxi, or uber? 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 â¦ 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. Here are the Operating Cost and Fixed Cost of Each Truck (could vary from Company to company by 10%) based on 8000 KMS monthly Running. Fuel consumption on a 8T to 34T is 3.5 to 1.8 km per litre. Only three steps: fill in the fields to calculate your cost per kilometer. Teleroute decreases your empty running by 25%. Tonne-kilometre. The cost of the trip is 74 cents per mile. There are lot of factors that contributes to determining the logistics cost in India. Calculate unit cost measurements for ï¬ xed and variable costs related to transportation. Transportation of the goods to distant lands is one of the ancient practices followed by human beings. 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. Here you see your cost per Km. 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. Include all other operational costs for 1 truck and trailer. Conversion based on the cost of a kilometer. International trade finance in 40+ countries. Fuel : Rs. ©2020 RTS Financial Service, Inc. and RTS Carrier Services, Inc. All rights reserved. By submitting this form, you confirm having read the terms thereof. Factoring services for staffing, distribution, textile and manufacturing companies. Current GP wholesale diesel price is R11.5229. Note : (1) The above are Transportation Charges only and does not include Loading/Unloading or Labour Charges. Reasonable rate per-kilometre. It can operationally be better some times to subcontract a freight and so to make extra money. 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. Average is 2%. The type of vehicle and the driving conditions usually determine whether we consider an allowance to be reasonable. Besides of the costs for e.g. As you put more mileage on your trucks, you will see the variable costs increase. 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. Calculation of a cost of tonne-kilometre. independent guide to trucking costs incurred in the transportation of raw materials, semi-finished and finished products. What's your margin - and how to improve it? Not only will this increase revenue, but your cost per mile should decrease. Trucking is a tough market and poor bookkeeping hurts a company’s chances of survival. 14.00 per KM NH Toll : Rs. Rates at transportation , calculation cost transportation cargo , transportation cost , how much transportation price transportation cargo cost. 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. How much do you invest in Teleroute. 5.00 per KM Sources: OOIDA.com, TheTruckersReport.com. While your variable costs may increase from taking on more work, the fixed costs will remain the same. 4. Factoring for oilfield services companies. The final section brings all the costs together to calculate a companyâs total cost per mile. Cost cents/kg (live or dressed) These figures are useful in working out the price premium required to exceed the increased transport cost associated withaccessing markets further away. Find Load: Search Load available loads on our website; every day we get more than 3000 loads 4. Carriers that do not track and control their operating expenses may soon go out of business. If not sure contact your account manager. The period in which the trailer reduces value. Identify information sources and approaches for measuring ï¬ xed and variable costs. 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 â¦ Check up top date fuel prices per country on www.energy.eu. The per-kilometre rates that we usually consider reasonable are the amounts prescribed in section 7306 of the Income Tax Regulations. In the chart below, the fictional company Chuck’s Trucks Inc. calculates fixed costs by the mile for the month of August. Fixed costs are expenses that your company incurs whether your trucks are hauling a load or are in the parking lot. rates per kilometRe. 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 following sections use fictional charts to illustrate each cost category. MICHELIN 4 LIFE PACKAGE Extend the life of a tyre by up to 300%. Find Total Sales Revenue. The % of which your trailer reduces in value per year. Is it better to own and run a car? Calculating freight costs for all transport modes. If suppose your truck gives 10km/l that means 6.5rs/Km so you charge double of that rate/km +â¦ All owner operators should know how to determine your trucking cost per mile. Find other trustworthy carriers through Teleroute and enter your monthly profit figure. For example, âfixed costs per mileâ is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile. 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: Donât have the above data at hand? Fixed costs are expenses that your company incurs whether your trucks are hauling a load or are in the parking lot. Tariffs at transportation , statistics and dynamics of prices at transportation , statistics. This is the total cost per month for 1 truck and trailer. Fixed Costs. Usualy is 10 years. 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. Average is 7%. Whats your truck cost per â¦ If your cost per mile seems high, one solution is to take on more work. These calculations will be useful in helping you make these important decisions. Transport tariffs may finally be up, but the costs are increasing faster. 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". To calculate the âcost per mile,â divide the cost by the number of miles you drove that month. Enter the total number of trucks you want to cost calculate for. How? 3. The results section includes total cost, cost per head and cost per kilogram liveweight or carcase weight (according to the amount enterwhat was selected). Include office, rent, utilities, driver and training. High fuel prices, personnel costs, insurance, all steadily going up. Fixed costs include expenses like insurance, property leases, permits and other services. 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? It needs to be part of your calculation of cost-per-mile. The amount you pay your drivers is likely your single biggest expense. For air shipments, the cost is calculated by multiplying the rate (provided per kg/lbs) for the âchargeable weightâ, which is calculated based on the weight or volume of goods. Calculate Your Own Cost-Per-Mile: The Cost of Trucking. 3. The period in which the truck reduces value. Transportation prices at 07.01.2021. 3) Number of km to travel. Nationally, 310 carriers with five or more trucks were forced to shut down in 2015. 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 is the remaining value of the trailer after the depreciation period and depreciation rate. Click here to use our cost-per-mile/profit-per-mile calculator spreadsheet. Average empty running when using Teleroute (%), Cost per vehicle (per km) when using Teleroute. It helps identify spending patterns and areas where you can cut back if needed. Describe factors that drive the cost of ï¬ xed and variable costs. There are various factors that have to be considered to be able to calculate the transport costs correctly. We were not able to calculate your potential savings. Services we provide: 1. Knowing and anticipating costs for your company can mark the difference between success and failure. ratios are functions in distance. 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. Or perhaps youâre consideringbecoming an owner operator. 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. To help them make better buying decisions. $180,000 The average total yearly cost of operating a commercial truck. Enter the number of km per year per truck on average, This is the % offer margin you add to your cost price, Include salary, social benefits, holiday pay, Include overnight stays, meals, other expenses. The âper kilogramâ costs will be either on a âliveweightâ basis or a âdressed weightâ basis, Calculate prices for all common means of transport. first of all you should confirm the average of the transportation vehicle. Fixed costs include expenses like insurance, property leases, permits and other services. 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. Profit figure were how to calculate transportation cost per km able to calculate the âcost per mile should decrease per.... And you wish to compare contracts maximum options with best Freight rates 2 cost calculate for what every industry. Country on www.energy.eu you make these important decisions loads on our website ; every day we get more 3000... Search load available loads on our website ; every day we get more than $ of! In 2015 a commercial truck can easily consume more than $ 70,000 of diesel fuel per year how much company... 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