Calculate load revenue per mile, total load pay, or loaded distance. The all-miles rate includes loaded and deadhead travel. Optional entered costs estimate load margin and break-even rate.

Find revenue per mile across loaded and deadhead travel. Default: no deadhead or cost estimate.

Revenue for the load. This is different from operating expenses.

Deadhead, costs and display

Empty travel associated with the load. Blank assumes zero; included in the all-miles rate.

Rate Per Mile Formula

RM = C / TD

Variables:

  • RM is the Rate Per Mile ($/mile)
  • C is the total amount ($); the calculator above uses load pay for revenue rate
  • TD is loaded plus deadhead distance (miles) for the all-miles rate

For revenue rate, divide total load pay by loaded plus deadhead miles. For cost per mile, divide actual expenses by the relevant distance instead; revenue and expense rates have different numerators. The calculator also shows the loaded-only revenue rate.

How to Calculate Rate Per Mile?

The following steps outline how to calculate the Rate Per Mile.

  • First, determine total load pay ($) for a revenue rate. Use actual expenses for a separate cost-per-mile calculation. 
  • Next, add loaded and deadhead distance for the all-miles basis. 
  • Next, gather the formula from above = RM = C / TD.
  • Finally, calculate the Rate Per Mile.
  • After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

total load pay ($) = 1284

overall distance (miles) = 129. With no deadhead, 1284 ÷ 129 = approximately $9.9535 per mile. This is revenue per mile, not an expense estimate.

FAQs

What is the importance of calculating Rate Per Mile?

Revenue per mile compares load pay with the distance traveled. Cost per mile compares operating expenses with distance. Keep those amounts and distance bases separate when comparing loads; the optional margin uses only expenses you enter.

Can the Rate Per Mile formula be used for any type of vehicle?

The amount divided by distance relationship applies to any vehicle. This calculator’s load modes use revenue and include optional deadhead travel. For driving expenses, use the related Cost Per Mile of Driving Calculator. Distance and rate units convert consistently using 1 mile = 1.609344 km.

How can I reduce my Rate Per Mile?

For an expense-based cost per mile, lower expenses reduce the ratio when distance stays the same. This calculator’s main rate is revenue per mile; a lower revenue rate does not itself mean better performance. Deadhead adds distance without adding load pay, so it lowers the all-miles revenue rate relative to the loaded-only rate.

Is there a difference between Rate Per Mile and Cost Per Mile?

Here, revenue rate is load pay divided by distance; cost per mile is entered operating expenses divided by distance. Margin is load pay minus those entered expenses. It represents complete profit only if every relevant expense is included. Fuel uses US gallons and miles per US gallon. Avoid entering the same expense in both fuel and other costs.