Base on the average number of loads ran per month
All annual expense divided by 12 and added up
all monthly expense fixed and variable averaged and added up include individual idle time cost
all quarterly expense divided by three
all savings for maintenance accounts etc.
add the four and divide it by the average amount of miles run on load DH, empty, and loaded
e.g. annual totals are, say ....2750.00
monthly totals, including fuel 10,000
quarterly like IFTA 150.00
savings 500.00
totals 13,400 now divide that by average mile(should not exceed 13,500mi for individual driver) so let's use 13,500
$13,400.00 / 13,500mi= .99 cent is approximate "cost" per mile
The above is only an example and only fixes "cost per mile" and does not include desired monthly income
I do have a rate calculator online with google it fixes what the rate you should charge per mile based on how you run: I have not converted my quoting calculator "spreadsheet to public use so I haven't posted it, I'll try to do that soon.
I'll include the YouTube videos that train how to use the rate calculator for all that would like to give it a shot
Rate Calculator by Jo Bernard:
http://spreadsheets.google.com/ccc?key=0AloyOIMFxJn-dE1HdkJoU3FqdmNkTEc5YnNpZGdrVGc&hl=en
YouTube video training on Rate Calculator:
YouTube - The Real Deal Trucking Calculator
:
YouTube - rate calculator trucking.mp4
Please let me know what you think about the calculator, thank you, Jo Bernard