Breaking Even or Losses 💸 Cost of Running a Truck Per Mile | Owner Operators, Dispatchers & Fleets

How Much does it Cost to Run a Truck Per Mile? 🤨
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In this informative video, Ronen dives deep into the essential aspects of running a trucking business efficiently. Tailored for Owner Operators, Dispatchers, and Small Fleet Owners, Ronen meticulously breaks down the costs involved in operating your truck per mile. From driver pay and fuel expenses to insurance, trailer fees, and maintenance costs, he expertly dissects his comprehensive Excel sheet.

Understanding these crucial metrics is vital for anyone in the trucking industry, ensuring you can accurately calculate your cost per mile and make profitable decisions when booking loads. Don't miss this valuable guide to maximizing your profits and sustaining a successful trucking venture!
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📚 Chapters
00:00 Introduction - How much does it cost to run a truck per mile?
00:18 Thinking of becoming an Owner Operator?
00:28 Thinking of Becoming a Dispatcher?
00:39 Ronen's Online Dispatch Course Inquiry Form!
00:56 Thinking of opening your own small fleet?
01:07 How Ronen Breaks Down The Cost Per Mile
01:38 How do you open a small fleet?
01:49 Cost Per Mile Breakdown Excel Sheet
02:15 Fuel Consumption is based on the National Average
02:40 Cost Per Gallon Chart
04:34 Excel Sheet Cost Per Mile Breakdown
04:46 After Reviewing all Expenses; how much will is cost per mile?
05:20 Insurance Premium Costs Breakdown for 1st, 2nd, and 3rd year in Business
06:20 What does a truck payment cost?
06:33 Commercial Equipment Financing Calculator for Truck Payment
07:38 Commercial Equipment Financing Calculator for Trailer Payment
08:14 Dispatching Fees
08:25 Dispatching Services Inquiry Form
09:09 Factoring Fees
09:35 Maintenance and Repairs
10:08 Small Fleet Owner Fees
10:37 On average, how much does it generally cost to run a truck per mile?
12:34 Book a Consultation with Ronen!
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[NorthAmerican-Trucking-News]

Hi guys, sorry for the confusion the Excel formula is wrong, the TOTAL is 2.25 Which is your break even Point. Thanks for the comments, and sorry about the Mix up. (Ronen)

[Overtime-Trucking]

It only takes 1 major break down to make you realize $1.60 is not enough to run a truck!
Good video keep it up

[greatproduction]

$1.60 It’s not worth it as a owner operator. Think about it,
Be out of home for days, weeks, months, very risky job, all kind of weather conditions, and one most important thing, NOT enjoying your family,
Better stay as a local company driver.
But, thank you so much for your helpful information.

[daniellowasa]

Your YouTube channel is equivalent to a class, the knowledge we get here some of us pay for it. If someone wants to venture into this industry he or she has the full knowledge of it. Thank Ronen.

[sweetpadre]

The way I do it, I ask myself how much it would cost me to run a specific trip before I call the broker or shipper. I take into account the tolls number of days working, price of fuel along route, etc. A short two hundred mile trip from connecticut to new york city can cost you eight hundred and fifty dollars, including tolls, driver pay, hilly terrain, and fuel. The same trip out west might cost me half of that to run. Shippers aren't dumb. They know how much they gotta pay to get their load delivered. Make them pay!

[Sqwedgie]

I’m coming up with about $2.25 right now with my current truck payment ~$2600. Obviously, it changes with the miles you run and more miles mean less cost per mile. The trucks or trailers I’ve paid off I keep that factored into my average cost to afford buying new equipment. Don’t trick yourself once equipment is paid off to take lower paying loads, that just hurts the whole industry. The Freightliner dealer in VA charges $194/hr now I’m pretty sure it was $135/hr 3 years ago, but freight is paying the same….

[void]

Considering people will possibly be opening a competitor to ET, this video brings some good insights. Thanks Ronen!

[christianroberts]

top two lines of the excel were .65, .65, the next two were .25, .25 and the number you say is 1.6? Thats 1.8 right there on the top 4 line items. The message was spot on, know and control your costs. My insurance year 3 is 6400 for the year, my truck is older its a 2013 so I dont have a high pay out if it were to get totaled which might explain some of the difference. I do know that my company hovers at 1.5 to 1.7 cpm in costs to run a week.

[kennethsnyder]

Right now I’m averaging
$ .494/MI; Driving 63/65 mph, getting from 7.4 to 8.0 mpg. If I need to drive slower than 63 I will to get at least 7.4 each and every load no matter the weight. Lighter loads I’m getting between 8.7 to 9.3 mpg. The heavier loads I will drive 60 mph until the percentage rises. I have been using this method since February 25th, 2021.
I have seen in recent times that more and more drivers are using this approach and it is a good thing. If were an o/o I would still be driving the same way to keep my fuel cost down.

[MichaelCordonnier-rr]

I really wish driver trainer standards were increased for the industry and I wish trucking companies owners would agree on a number to never go below. I know that sounds un American but something has to happen to make the industry healthier. My Dad drove for over 3 million miles. He represented drivers in teamsters negotiations and we lived better than most families. I started driving and was done real quick with how bad the customer, fellow drivers, trucking company owners, dispatchers, recruiters and many more treated the driver who was delivering the product.

[JTmovingweight]

You get better fuel mileage if you run at 60-64mph but if your pulling heavy loads it’s pretty standard across the board amongst all types of trucks aero or hoods

[robertutley]

I would love to buy a truck and put it on with the company I work for mostly running local hauling steel. It’s a 40 mile round trip sometimes loaded both ways paying 160 each way and maybe an occasional run to Texas. We haul billets and pipe I would use their trailers with no fee. Love the old Walmart trucks drove one for about a year apu, fridge and inverter which would save fuel otr. Video was very informative and now I know what to figure in as costs, thank you.

[Always_sojourning]

Your videos are an excellent source of information.
I have learned a lot from watching you and I appreciate you.

[jiga]

Very good! Thanks for the info. plus other expenses like DEF and license plates, permits

[scottsmith]

More people should really look at these numbers very closely .not gone get in to all the details but it is a good video maybe people would see and not take thes cheap loads . I agree that 2.25 is a good number . Great job ronen on this video it is the first one that ive seen that breaks it down .

[LilyKleinsasser]

I was going to say. When you add it up it’s $2.25 not $1.60!

[Mattoi]

Really appreciate the content you put out! It really helps those of us who are new to being an owner op

[isladelobos]

2.25$ + 30% taxes = 2.93$ per mile at minimum. and you need to add the company earns 0.65$ + 30% = 0.85$ ((2.93$ + 0.85$ = 3.80$ mile minimum)

[phatmike]

Thanks Ronan. I will be contacting u about your consultation fee. Your willingness to share your knowledge is commendable. May God bless u for ur kindness. Michael

[bamendaboy]

Great info, tolls and cat scales also eat the money a lot