How to Calculate Cost Per Mile for a Trucking Company
To calculate cost per mile (CPM) for a trucking company, add up every cost of running the truck over a period (fixed costs plus variable costs, driver pay included) and divide by the total miles driven in that same period, loaded and empty. Then divide the same total cost by loaded miles only. That second number is the one that tells you whether a load pays, because deadhead miles cost money and earn nothing. ...