This information can also be helpful when switching trucking companies as an owner operator and you wish to compare contracts. All owner operators should know how to determine your trucking cost per mile. Expenses like the broker’s fee, permit fees, driver’s pay, equipment rental and other expenses can be entered as a flat rate, percentage or cost per mile. The cost of the trip is 74 cents per mile. Truck and delivery drivers give 'on-the-go' a whole new meaning. The Pay Calculator calculates base pay rates, allowances and penalty rates (including overtime). It’s primary purpose is to determine if transporting a load will be profitable or not. Distance Calculator. How to Calculate Cost per Mile for Your Trucking Company. See our screenshot below for more information on our truck load calculator. P.A.C.T Pay Calculator - Find your award skip to main content Of course the truck rate calculator results include a cost per mile dollar value. Next you enter the miles per gallon for the transporting truck, fuel price per gallon, driver’s pay, loading fees, broker fees, permit fees, equipment rental fees and other expenses. Click Here to use our free truck rate calculator. Our trucking software asks you for your fixed expenses once. While entering your truck load expenses you are able to see your fixed expense per truck load. Performance & security by Cloudflare, Please complete the security check to access. The truck rate calculator integrated into our trucking software does an exceptional job calculating all load expenses and determining a profitable rate. It needs to be part of your calculation of cost-per-mile. Information such as total fuel price, fuel gallons and driver pay give you and indication of what a truck load will cost in an instant. What pay structures are used to pay professional truck drivers? The total fixed expenses is then divided by the number of truck loads transported each month. The distance calculator will automatically populate the distance field with the total miles from the origin to the destination. The bottom of the truck rate calculator results display the rate you were offered to transport the load and compares it to the expenses of transporting the truck load. You are given a total expense dollar amount that includes all fixed and variable expenses for your truck load. Drivers who haul sensitive materials or have a lot of experience may earn $1,350, but don’t expect that kind of pay as a rookie. Variable expenses are the expenses related to transporting the truck load. If you need more options for your truck routing needs, click here, or call ProMiles Software at 1-800-324-8588. Simply click the link to edit your fixed expenses if a fixed expense changes or the number of loads you transport per month changes. All data is transferred to the invoice. Our distance calculator will tell you the number of miles between the locations. This means that the truck rate calculator will let you enter some expenses such as driver’s pay and equipment rental as either a flat rate expense, a per mile expense or a percentage of the load value. Please keep in mind that the profitable rate is only a suggestion. Thanks for your time. Mileage calculation affects how truck drivers are paid greatly. Our truck rate calculator examines your fixed expenses and variable expenses when calculating the profitable rate for each truck load. You enter your fixed expenses for one month. Click Here to see our truck rate calculator in action. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. We include your fixed expenses such as office rent and equipment payments as well as load related expenses to calculate a profitable truck load rate. After reviewing all trucking related expenses the truck rate calculator presents you with all the information you need to charge a profitable yet competitive truck load rate. Truck drivers that are paid per mile see varying wages depending on their experience, the region they work in and the company they are employed with. The desired net profit is the amount of money left after all expenses have been paid. According the to the U.S. Department of Labor, most mileage-based drivers earn 28-40 cents per mile driven. Quotes and invoices can be emailed from our trucking software with the click of a button. A majority of trucking companies pay between $0.28 and $0.40 cents per mile according to the U.S Bureau of Labor Statistics. Thanks to a new 2018 tax law, the IRS allows professional truck drivers to keep $66 of your earnings per day tax free. When your finished reviewing the truck rate calculator results you will have the option to add another leg to your trip, create a quote or to create an invoice. Add the gas cost and the truck driver pay ($369 + $132 = $501). They only need to be entered once unless the amounts change. But understanding the many types of truck driver pay can be a challenge. The transport rate is the rate you think the load is worth or the rate you were offered to transport the load. Truck driver mileage deductions seems high I just completed doing my tax, I am an owner operator Truck Driver and have covered over 152,000 business miles in 2017. If the driver pay rate is $12 per hour, the cost for the driver is $132 (11 x 12 = 132). U.S. Xpress Per Diem Advantage optimizes your earnings and minimizes your taxes. Using the same method, we calculate variable costs to be $0.70. 14,330 Truck Driver Salaries provided anonymously by employees. With the Hours of Service rules coupled with the EOBR implementation, waiting time pay for drivers is essential for fair pay to the truck driver. Please enable Cookies and reload the page. The truck rate calculator examines all of these trucking expenses including your fixed expenses. Almost every company will pay you loaded and empty miles. Variable expenses include fuel price at the time of transport, number of miles per gallon for the transporting truck, distance in miles from the origin to the destination, driver’s pay, broker fees and more. You can enter the destinations by city and state or by zip code. Click here to see the truck load calculator output screen. Feature rich, simple to use, TruckMiles.com is becoming THE essential tool for over the road drivers everywhere. The second tab provides a calculator which helps you see how much vehicle you can afford based upon a fixed monthly budget and desired loan term. The average salary for a Truck Driver is $61,425 per year in United States. For example, rookie drivers earn significantly less than experienced drivers with a proven record. The invoice can be emailed to your customer at the time of creation if you wish. This will account for the majority of your paycheck. Truck load expenses are totaled and compared to the transport rate you entered. $1000/2400 equals 41.66 cents per mile. No. So 10,500 x.14 = $1,470 per month. Subscribe to the truck rate calculator today! The quickest way to see an example of a truck rate calculation is to view the screenshots of the truck load calculator. Truckers may receive bonuses for hauling hazardous freight, such as propane or other explosive materials. Your IP: 103.119.138.22 The resulting number is your fixed expense per load. Our truck rate calculator starts saving you time the minute you start to use it. This can be based on several different methods such as hub miles, household movers guide and practical miles. What salary does a Truck Driver earn in your area? Drivers can then take the interstate for the majority of the miles, which increases fuel efficiency and time spent driving. The amount you pay your drivers is likely your single biggest expense. Next to the offered rate data is the profitable rate data. You will instantly know how many gallons of fuel will be required to transport the load as well as the total fuel cost. • No Contracts! . Let's go! Travel – If you are doing long haul driving and have lodging expenses, or are sleeping in your truck, RTS Financial estimates about $400 per month in lodging and meals. The truck load calculator then asks you for the transport rate you were offered or you can enter the transport rate you believe the load is worth. The profitable rate will include all expenses plus your desired net profit if entered. When converting to an hourly wage, mileage-based pay may equal up to $50.00 per hour. Yes! So, now you can take home up to 8% more per pay check. If you don’t enter a desired net profit then the calculator will create a net profit on its own. At 2,500 miles per week, you may earn between $675 ($35,100/year) and $725 ($37,700/year) each week. Schneider Guy loves the "Big Orange." Our truck rate calculator, which is included with our trucking software subscription, examines all of your trucking expenses. More information on the ruling process is available in How to get a ruling for Canada Pension Plan and employment insurance purposes. You are able to view and modify your fixed expense per truck load, if necessary. A truck rate calculator is a tool used by truck owner operators and trucking companies. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Click Here to use our free truck rate calculator, Click Here to see our truck rate calculator in action. How much does a Truck Driver make hourly in the United States? Understanding Per-Mile Pay Rates. The first step is to enter the origin and the destination. The broker fee, permit fees, driver pay, equipment rental and other expenses can be entered as a flat rate, a percentage of the truck load rate or as a per mile rate. Fixed expenses are expenses that are the same each month such as rent and insurance. Schneider’s truck driver per diem pay program works by breaking compensation into two components: A taxable linehaul rate; A non-taxable per diem rate; Combining an alternative standard mileage rate, a non-taxable per diem reimbursement and lower taxes results in higher weekly take-home pay. The truck load calculator states how much profit or loss is associated with your transport rate. What's the one thing … Here are the steps to pay an driver by mileage: Fixed expenses do not have to be entered with each truck rate calculation. To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. In the screenshot below you will see that our trucking calculator quickly totals each expense to provide you with valuable truck load information. Truck Loan Calculator Weather Traffic Maps . Divide the total cost of the trip by the number of miles in the trip (501 / 680 = 73.7). You only need to add any miscellaneous expenses and to check the total. A few companies do pay up to $0.45 cents per mile. Truck Map; Post Loads; View My Loads; Recent Searches & Alerts; More Services. Click here to subscribe to our trucking software which includes our truck rate calculator. Truck Maintenance – According to this helpful article by RTS Financial the average maintenance cost per mile for a semi is.14 cents. This script determines the compensation due from a number of miles driven, based on a mileage fee of a set amount. This means that the truck rate calculator will let you enter some expenses such as driver’s pay and equipment rental as either a flat rate expense, a per mile expense or a percentage of the load value. Truck Driving Per Mile Salary. . If the haul, or trip, equals out to 800 miles then the driver will make $480. Plan your trips and vacations and use our travel guides for reviews, videos, and tips. Click here to see the truck load calculator input screen. Please visit us again. In any 7-day period in the U.S., some drivers are on the road for up to 77 hours. Calculate Mileage; Trucking Links; Truckstop Locations; Find Drivers; Get Your Authority; Federal Motor Carrier Database; Fuel Price Data; Partners The Owner Operator Truck Cost Per Mile Calculator is one of the vital tools that Owner Operators and Lease Operators need to help them to quickly see if a load will result in a profit or a loss and whether the load will help to sustain their bottom line.. The average hourly wage for a Truck Driver in the United States is $20 as of December 28, 2020, but the salary range typically falls between $17 and $23.Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Truck Loan Calculator. He's passionate about the trucking industry and connecting people to rewarding careers within it. Some drivers contract out work, some work for a company, and some own their own businesses. To find the distance from one location to another enter a starting and ending zip code or a starting city/state and an ending city/state. Our trucking software captures trucking expenses in accordance with everyday trucking business practices. For more information. The truck rate calculator also considers the desired net profit you entered when calculating a profitable rate. You may need to download version 2.0 now from the Chrome Web Store. In a nut shell to drive in the north east I need to earn 42-47 cents per mile with a … Take me to the old TruckMiles Truck drivers should keep in mind that per diem pay is simply reimbursement for incidental expenses incurred on the job and nothing else. I have my mileage logs and paperwork to back up my mileage but because the expense is so high (152,000*.535) my tax paperwork is reflecting a $60,000+ loss on the business part of my tax return. The profitable rate is only a suggestion based on the calculator input. 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