Trucking Load Calculator

Load Calculator

Net Profit: $$$

In trucking, time is loads of money!

At TLC, we know how important time is in trucking. From the moment a trip is booked until it is delivered. That's why we strive to make the best of it!

Errors can be made in the first moments: when booking a load. If a bad load is booked, for various reasons, it can lead to income loss. In order to avoid that, we developped a professional algorithm for booking trips. It takes into consideration the rate, load weight and tolls, CPM, fuel cost and deadhead miles.

In order to calculate the net profit for a load trip, all you have to do is subtract the fuel cost and the tolls from the total rate.

Calculate Cost Per Mile (CPM)

The best way to calculate the CPM is by dividing the costs into two categories: variable costs (VC) and fixed costs(FC). Variable costs vary based on the number of miles you drive, while fixed costs stay the same. We recommend to calculate your CPM at least quaterly, but it can be done monthly or semiannually.

Variable Costs (VC)

  • Fuel
  • Maintenance and repairs
  • Driver pay
  • Dispatching/Factoring
  • Lodging
  • Miscellanous

Fixed Costs (FC)

  • Truck & Trailer payment
  • Truck insurance
  • IRP
  • Subscriptions
  • Parking

CPM = VC / miles + FC / miles

Example - 3 month CPM: $38,500 / 31,400 miles + $15,333 / 31,400 miles = $1.22 + $0.48 = $1.70

Therefore, in order to make a profit, the rate needs to be higher than $1.70 per mile.