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Helps owner-operators, dispatchers, and freight brokers quickly determine a load’s profitability based on total miles and revenue. Use this formula to compare freight rates, estimate transportation costs, and maximize trucking profits.
Example Calculation
Distance: 1,617.9 miles
Drive Time: 29 hours 58 minutes
To calculate Rate Per Mile, use this simple formula:
Rate Per Mile = Total Load Revenue ÷ Total Miles
Example:
If the total load pays $4,850
$4,850 ÷ 1,617.9 miles = $3.00 per mile
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