Introduction to the Cost Per Mile (CPM) Calculator
Running a profitable trucking business means understanding exactly how much it costs you to operate each mile you drive. The Cost Per Mile (CPM) Calculator is a powerful tool designed to help owner-operators and fleet managers get a clear, detailed picture of their true expenses.
This calculator breaks down all of your operating costs—from fuel, driver wages, insurance, and equipment payments to annual overhead expenses—and converts them into a simple dollar amount per mile. By entering your actual or estimated costs, you’ll see exactly how much you need to earn per mile to cover your expenses and protect your profitability.
Knowing your cost per mile is critical. It empowers you to:
- Set accurate rates for your services
- Avoid underpricing loads that lose money
- Make informed decisions about routes and fuel usage
- Understand where your money is going each month and year
Take a few moments to fill in your numbers below. The more precise your inputs, the more accurately you can plan for success—and stay ahead in a competitive industry.
Cost Per Mile Calculator
Hover over each option to learn more about each expense.
Monthly Overhead Items
These are expenses that you will have each month while operating your trucking company. These consist of insurance, truck & trailer payments, and maintenance.
Annual Overhead Items
These are annual business expenses you will need to pay to keep your transportation company operating.
Rate Per Mile Calculator
This calculator divides your inputs by the number of miles you expect to drive each month to calculate your estimated rate per mile.