Trucking CPM Calculator

Formula

The formula to calculate the cost per mile (CPM) is:

\[ CPM = \frac{T}{M} \]

Where:

$CPM$ is the Cost Per Mile (\$ per mile)
$T$ is the Total Cost of the Trip (\$)
$M$ is the Total Miles Driven (miles)

What is Trucking CPM?

Trucking CPM, or Cost Per Mile, is a critical measurement used in the trucking industry to determine the total cost for a company to operate a vehicle per mile. This includes all operating expenses such as fuel, maintenance, insurance, and driver wages. It is a key metric for trucking companies as it helps them to calculate their operating costs, set pricing, and assess overall profitability.

Example Calculation 1

Let's assume the following values:

Total Cost of the Trip ($T$) = \$5,000
Total Miles Driven ($M$) = 1,000 miles

Using the formula:

\[ CPM = \left( \frac{5000}{1000} \right) = 5.00 \]

The Cost Per Mile is \$5.00 per mile.

Example Calculation 2

Let's assume the following values:

Total Cost of the Trip ($T$) = \$7,500
Total Miles Driven ($M$) = 1,500 miles

Using the formula:

\[ CPM = \left( \frac{7500}{1500} \right) = 5.00 \]

The Cost Per Mile is \$5.00 per mile.