Trucking Cost Per Mile
Trucking Cost Per Mile
Understand current trucking cost per mile to help your business thrive.
As a carrier or owner-operator, you need accurate and up-to-date information about trucking costs per mile to improve your negotiations and business relationships. DAT’s predictive analytics and large freight cost per mile database can give you an idea of what trends to expect and help you make quick, profitable decisions.
- Find and compare average trucking costs per mile.
- Boost revenue with our powerful freight cost per mile tools.
- Stay ahead of market changes.
Find and compare average trucking costs per mile.
Keep your prices competitive with the help of DAT’s average trucking cost per mile data.
Pricing loads is complicated — especially if you don’t know how much other carriers and owner-operators are charging for spot and contract freight. To help you make the best decisions for your business, we integrated data from DAT iQ, our analytics and forecasting platform, into the DAT One load board. That means you can now access the most accurate and trustworthy average cost per mile for trucking in the industry from within your load board!
Boost revenue with our powerful freight cost per mile tools.
Get the best rates and increase profits with DAT’s insights into cost per mile.
As a carrier, it’s essential that you get the best rates possible to increase your profit margin and help your business flourish. DAT can help make that happen.
In addition to offering data on trucking costs per mile across thousands of lanes nationwide, we offer insights into regional supply and demand so you’re always up to date on key cost information. With DAT, you’ll have information at your fingertips as you enter negotiations with shippers and brokers, so you can get the rates you deserve for every single load.
Stay ahead of market changes.
Be prepared for market changes and take as much uncertainty as possible out of your job.
The market is constantly changing, and many factors are out of your control, from the weather to rising fuel prices. So, having access to tools that give accurate forecasting can make all the difference.
DAT offers trucking cost per mile forecasting up to a year in advance — and our RATECAST forecasts are twice as accurate as our competitors’ forecasts. With DAT, you can anticipate market changes, which means you can ensure you aren’t caught off-guard or taking unnecessary risks.
Many considerations go into the current cost per mile for trucking. In addition to fuel and maintenance costs, you’ll need to account for insurance premiums, tolls, driver pay, permits, and other miscellaneous expenses.
That’s a lot to keep track of, so making sure your current cost per mile allows you to make a decent profit is challenging. With DAT RateView, you’ll be able to see what other carriers are doing and find the national and regional trucking cost per mile averages so you can stay ahead of the competition and improve your bottom line. The best way to make good choices for your business is by understanding what your competition is doing.
The cost per mile is constantly changing. The best way to keep up with it is with a tool that gives you insights into current fuel rates as well as accessorial charges and average market rates.
With DAT RateView, you get just that. You’ll get up-to-date information on the current trucking cost per mile while also being able to compare prices for your preferred lanes, view average fuel costs, and find accessorial charge data. With this understanding of the current national cost per mile, you’ll be able to enter negotiations with shippers and brokers with confidence.
Having access to real-time trucking costs per mile data and market analytics will enable you to prepare for broker and shipper negotiations where you’ll be armed with current data. That means you’ll be able to confidently negotiate the rates you deserve and make more informed and strategic decisions when it comes time to choose which loads to haul.
What’s more, knowing the current going rates when you enter negotiations will tell shippers and brokers that you’re a true professional, which can help you establish and maintain business relationships!
The basic calculation is:
Cost per mile = total monthly expenses / the number of miles you drove that month.
Sounds simple, right?
Unfortunately, a trucking cost per mile calculator can only get you so far. Your expenses depend on everything from insurance to truck payments. Plus, there are several unexpected fees that can come up and affect your cost, like tire replacements and equipment repairs. The result is that accurately calculating your cost per mile each month can be challenging, even if you have a trucking cost per mile spreadsheet.
Fortunately, there’s a better way to calculate and understand cost per mile. DAT iQ can give you access to accurate data for over 68,000 lanes and accurate forecasts so you can make better business decisions.
DAT’s data is very accurate! Not only do we have the largest average freight cost per mile database, but we also use data based on actual invoices — not asking prices or bids, which can seriously skew the averages. We automatically collect data from our partners’ transportation management systems every day and work to validate it. We also eliminate errors and outliers to create a trustworthy, accurate, reliable database that includes rates for more than 68,000 lanes nationwide.
If you want even more rate and cost data, you can receive customizable reports via the DAT Analytics services or you can check out DAT Trendlines or Blog to keep track of current trends.
At DAT, we know that you have a lot on your plate. That’s why we provide plenty of tools to help ease your burden. From fuel cards to cargo insurance, we’ve got you covered. You can even find the latest trends and industry news on our blog!
When it comes to improving your cost per mile, trends and data aren’t the only things DAT has to offer. With DAT TriHaul you can get five triangular routing suggestions for each load so you can maximize your profits and avoid backhaul rates and low-paying lanes.
"In our experience, DAT is the most accurate and complete source of spot and contract rate data available.”
- Don Everhart, VP Technology & Analytics for Knight-Swift Logistics
“By integrating DAT’s forecasting data and analytics tools with our expertise and customized pricing, we can deliver fast, reliable rates using the most comprehensive data and market analysis available.”
- Ryan Ilges, Worldwide Express Vice President of Truckload
Prepare For The Future With DAT
Want to prepare for the future and negotiate better prices? Use DAT! Not only do we have the largest load board, but we also have the most historically complete trucking cost per mile database. With DAT iQ’s help, you’ll be able to understand seasonal trends and make informed pricing decisions.