How to Calculate Owner Operator Costs / Cost Per Mile - Owner Operator Trucking

Welcome to our channel! In today's video, Ryan will share with you how to calculate your cost, owner operate costs and owner operator cost per mile.
Hope the method will help you to enter into owner operator trucking business with a better understanding of your business cost and equip yourself with better chance to succeed. Enjoy.

Feel free to drop your comments and questions. I will respond to every single comment.

Thanks for your support as always!!

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------Disclaimer------
The information and instructions provided by Trucking & Fixing with Ryan YouTube channel is for general informational purposes only. All information on the channel is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on this channel. Some product links are affiliate links which means if you buy something we'll receive a small commission.

[spike]

Problem with these owner operators is they don't know their costs and pull loads super cheap and ruin it for all the others. It then in turn becomes "a race to the bottom" Truckers wake up and don't pull anything for less than two bucks a mile. Whey should the brokers get rich off of your hard work and labor carrying most of the expense, liability, etc.

[finalout]

Great, great info. Everyone that puts out videos talks about know your numbers (fixed costs) but I haven’t found anyone really go down the list like you did. I really appreciate that. My credit is jacked up right now. My wife and I are trying the snowball debt payoff system. It worked for us in the past but this COVID thing kicked off and derailed that. I’ve been liking your videos and commenting when appropriate. Keep these videos coming and sharing your numbers and breaking things down for all of us. God bless.

[vanbraxton]

You are the best trucking u-tuber out of them all, you are a business man & help people by sharing & a Great Mechanic & share to the humble truckers how to fix & maintain there trucks & on top of all this you show people what to look for when they go to buy a truck, u are the MAM

[sophiafox]

I like the level of details you share with us! Thanks

[christiangodspeed]

Thank you for your service in the military.

[americanjustice]

Thank you Ryan, for all the insightful information! On this topic and all the other topics. Talk about people taking cheap freight sounds like that guy didn’t understand anything about his cost of operations! 😡 that just drives the whole industry down when people take cheap freight like that he might as well go back and be a company driver! Anyway thanks again 👍

[LonelyRollers]

Thank you for the information you have shared. I’m a company driver now for about three years but for a couple weeks I tried out lease purchase with a company in Chicago and it didn’t end well with the truck breaking down my first trip or two. I’m a company driver now with the mindset of a lease/owner operator and trying to soak in as much knowledge as I can before I make my first purchase.

[MikeRichardson]

This is how to run a successful business! Way to go brother.

[daryllneuburger]

Bro I really hope ur channel takes off this is definitely the most informative channel I have came across as far as owner operator and maintenance thank u for all u do

[ozzy_selfx]

Thought it’s been a year since you posted this video, but I always come back to a recap .. thx for the video ..

[shaunbailey]

Thanks for breaking that down I needed that info

[iliari]

Subscriber here, great info this definitely helps making a decision to become a trucker.

[truckingandfixing]

Hi Guys, thanks for checking out our channel and videos. We just started our channel not long ago. We are hoping to deliver many good advices to our fellow truckers. We also need your support and help to get more and more people to discover our channel, feel free to sub to our channel and like our videos. Leave a comment below to show some support and welcome any questions as well. Thanks a lot!!😀👍👍

[titan]

so do you divide the fixed cost by the miles driven, that gives you the cost per mile ??.. awesome video new dispatcher here...just what i was looking for to help my carriers

[Boardslidebob]

theres a company out there that makes this way easier. I got my cost per mile for free i just had to answer a few questions and they shot me a report. I even use them to track my loads and they show me the profit on each load

[gerrywillis]

Forgive me Ryan if I miss the part where you recommended seeking out a attorney that specializes in 🚚, this link just popped up good information. First thing is to seek out a attorney and they going to recommend getting
EIN number (business social security#) and set up LLC (safeguard personal assets 🚗 🏠 🚤) this way if things go south the 💩 don't end up in your Name or on your Social Security # . Never Never use your name or social security # once you start 🚚 leasing /Owner operator .

[michaeldeason]

Great video with great info. Only one problem. GO ARMY, BEAT NAVY!😂

[tommyk]

Your videos have been very helpful to me. Thank you.

[simplespeed]

Still a great vid 2 yrs later. I just refigured my costs to make sure i still know what the hell im doing out here lol. Im up to $1.10pm right now. Seems very high but I guess thats fuel cause my other costs are fairly low. With a truck payment im at .45cpm before fuel. 🤷🏻‍♂️

[omarrobinson]

Thanks for this video. As of today 2/5/23 what would you put for fuel cost per gallon to do the fuel math?