What is your CPM? This valuable information is important if you own one truck or an entire fleet of trucks. This helps you understand per mile your cost of using a truck. With this information, you can determine delivery fees and route expenses. If your CPM is $1.81 per mile, now you know what that will cost if you need to deliver something 10 miles away and 10 miles back to your facility. Let’s do some quick math. An example would be 20 miles x $1.81 = $36.20 your cost. Now, with this information, you can know what to charge – maybe $50.00 for the delivery, or at minimum, know how much this is against what you are selling.
What does this mean when deciding on a Full Service Leasing choice versus buying, maintaining, and operating your truck? It means a lot when making your decision. Let’s do some more quick math. Suppose your truck goes 30,000 miles per year, and your maintenance cost for repairs, maintenance, and tires is $0.242 per mile. 30,000 annual miles x $0.242 CPM = $7,260 in maintenance cost.
In this model, now that you know what your maintenance cost is and, you can accurately compare buying & maintaining repairs versus Full Service Leasing.
Please see the charts below from the ATRI (American Transportation Research Institute) – 2023 Update.
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If you would like a free forensic evaluation of your truck or the entire fleet please email: jimmy@donahuetrucks.com
***The charts above are taken from the ATRI (American Transportation Research Institute) – 2023 Update
