So your big rig tractor gives you about 6 to 8 miles per gallon depending on different age factors and driver abilities. That is between $0.75 to $1.00 a mile just for diesel alone. Your insurance in total is about $12,000.00 to $15,000.00 a year, given that you drive 3,000 to 5,000 miles per week. That is per mile you have about $0.07 to $0.10 a mile for insurance. My personal rule of thumb is $1.20 for truck payments & maintenance. Your driver drives at $0.60 to $0.80 a mile. Your expenses are about
AVERAGE DEISEL PER MILE $0.875
AVERAGE INSURANCE PER MILE $0.085
AVERAGE TRUCK PAYMENT & MAINTANCE PER MILE $1.20
AVERAGE DRIVER PER MILE $0.70
Total known expenses per mile $2.86
We are not counting the office expense, the eld, the staff working for you, factoring. We are just looking at the typical truck expenses. If you book a load at $2.50 a mile to $3.00 a mile not counting your deadhead, you are actually paying out of your own pocket for that load to be completed. We are not factoring your TIME because we all know we (your wife) work for free.
So why are we booking loads this beautiful Monday?