I’m Caleb Thompson, a business development officer over at eCapital, and I’ve got a quick financial tip for trucking companies. Know your cost per mile. Your company’s unique cost per mile is going to represent the fixed and variable costs that it takes to perform a service, cover overhead and cover some of those over the road expenses. Cost per mile is essential to establishing a rate per mile that’s going to produce a profit.
Be sure to recalculate your cost per mile on a regular basis, which is easy to do over at eCapital.com with our free cost per mile calculator. Click the link and don’t hesitate to get started. Please reach out if you have any questions. You can count on us.