Free Trucking Expenses Calculator
Running a trucking business
Do you know how much it costs to run your trucking business?
Having an accurate understanding of your operating expenses is critical to running a profitable trucking business, especially during a market downturn. SmartHop’s Expense Calculator is a free trucking expenses spreadsheet built to help you better understand how much it costs to run your business. Simply add in your expenses and the sheet will update to calculate your operating cost per mile, total monthly expenses, and average monthly profit after expenses. This will empower you to know how much you’ll need to bring in every month to turn a profit.
3 Reasons to understand your trucking expenses
Income does not equal profit
The amount of money you bring in every month is not the same thing as your take home earnings. To better understand what you’re earning, you first need to know how much it costs to run your business.
Sitting idle can be costly
It’s normal for the spot market to fluctuate. When RPMs are low, you’ll need to understand the minimum amount of money you need to earn each month to cover fixed expenses from insurance costs to parking fees.
Every dollar counts
Understanding your operating expenses can help you to evaluate areas where you can potentially save money.
More about SmartHop
SmartHop can help you gain a more complete understanding of your trucking business, including expenses, loads, and profitability. Speak with one of our trucking operations expert today:
