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I'm part owner on a small freight company and those aren't the numbers I'm seeing. Our current costs are about 80-90cpm on fuel, 65cpm for drivers (60cpm base r
by fgonzag 5y ago
I'm part owner on a small freight company and those aren't the numbers I'm seeing. Our current costs are about 80-90cpm on fuel, 65cpm for drivers (60cpm base rate + performance bonuses), about 15cpm for maintenance, and about 15cpm for insurance, tolls, plates, etc. For a total of $1.75 per mile more or less. Before diesel prices spiked the cost of fuel and driver were about even.
- HWR_14 5y agoThe numbers I quoted were post-diesel increase. But it's possible that the numbers are wrong or used a different diesel cost at the height of the spike or were using a diesel price from a really high-tax state or were using a really inefficient truck. The numbers I used would have seen diesel be about twice what you're spending, which is an insanely high multiple. I have no reason to think I'm righter than you, I'm just trying to troubleshoot the reason I was off. The labor to maintenance/insurance/etc. ratio seems to track pretty accurately. So maybe I should have said 3/6, 2/6 and 1/6 respectively (since the other responder wanted the same denominator).
- fgonzag 5y agoWe're really picky about fuel efficiency. We have aerodynamic equipment on all of our trailers, we give our drivers bonuses on mpg, and also give them 10% of the discount on the fuel cards as a bonus so they actually get on the app and find the cheapest fuel with the most discount. I've heard some fleets have $1+ per mile cost on fuel. Our equipment isn't new though, we bought used 2015 trucks in 2019.