![]() ![]() Truck maintenance and repairs are variable expenses for truck operators. Toll Calculator in the United States – Link.Toll Chart for Counties in the EU – Link.Here are some useful resources that you can use to estimate your toll in the United States and Europe: You will most likely find that paying tolls is more inexpensive than paying extra fuel costs. ![]() Toll roads are common in the United States (also in other countries) and usually provide a more direct route compared to off-highway routes. Turnpike in New Jersey I-95 (© Mlaurenti) These highways can be traveled by paying a fee (toll) in order to save time. Total Fuel Cost = Fuel cost per gallon / average MPG (your truck’s average cost per mile) x total miles traveled TollsĬertain routes have road tolls (also known as turnpikes), which are typically controlled access highways. To calculate how much you will be spending on fuel, consider the following calculation: It is important to compute your fuel cost per mile, in order to calculate how profitable your trip is going to be. Semi-trucks in the United States get an average of about 5.5 to 6.5 miles per gallon. Provisions, fuel, toll, and maintenance costs are some examples of variable expenses.īelow, you’ll find a list of the most common fixed and variable expenses that a truck driver should account for: Fuelįuel is one of the biggest expenses of an owner-operator since they are estimated to spend around $50,000 to $70,000 on fuel alone. Factors that influence variable expenses are how far you are driving, the type of freight you are moving, and how long you’re operating your truck. On the other hand, variable costs (also referred to as variable expenses) are expenses that depend on other factors and can fluctuate. Fixed costs (also referred to as fixed expenses) are expenses that remain the same each month, such as truck insurance, health insurance, permits, truck loan repayments, leases, and similar types of expenses. The first step to understanding your expenses is to learn about which expenses are fixed costs and which are variable. In this article, we’ll be covering all relevant truck driver expenses in detail and also provide important tips and tricks on how you’re able to reduce them. To ensure that your business is profitable as an owner-operator or a trucking company owner and that you have a healthy profit-to-expense ratio, it’s crucial to understand the different types of expenses and how much they can impact your take-home pay. An owner-operator must account for truck maintenance, fuel, tolls, insurance, provisions, taxes, licenses, permits, and more. However, this income is before deduction of operating and business expenses. The average annual income of a typical owner-operator is about $220,000 to $240,000 per year. ![]() While some truck drivers are employed by a trucking company and receive income for each mile they cover, independent owner-operators have their own trucks and plan their own schedules. The trucking industry is an expansive network, with an estimate of 3.5 million truckers in the United States alone. ![]()
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