CPM in trucking stands for 'cost per mile' and refers to how much money it costs a carrier to haul freight each mile on the road. It’s an important metric used to evaluate operational efficiency

It refers to the total amount of money a trucking company or truck driver makes from hauling freight or transporting goods. It represents the total revenue generated before any expenses are deducted

Trucking expenses and how to reduce them

Trucking42 School presents the 4-lesson Crash Course on Reducing Costs in Trucking.

Throughout these 4 lessons, we'll cover everything you need to know about fixed and variable costs, CPM, managing expenses, and making smarter financial decisions. Whether you`re a seasoned trucking professional or just starting in the industry, our approach will make these lessons easy to understand and apply.

For a limited time, it`s only $125! We help you save money so you can save even more!

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Duration

15 minutes

Own experience

Expert viewpoint

1000+ companies

Are happy with our training

About Lesson

Saving and cutting costs is something we're all interested in, whether we're running a home or a trucking company . In this 4-lesson crash course, we discussed the importance of considering investments when calculating your net profit. Many carrier owners tend to overlook investments, which can lead to inaccuracies in net profit calculations.

We then moved on to the significance of Cost Per Mile (CPM) and explored the essential metrics dispatchers should focus on for informed load selection decisions.

But the learning doesn't stop here. In the next lesson, we'll talk about variable costs, discovering what they are and why they are essential to comprehend for your trucking business.

Finally, we`ll explore the world of reducing costs, covering both controllable and variable expenses. Understanding these cost-saving strategies can greatly impact your trucking business`s profitability. So, get ready for more valuable insights to run your trucking company like a pro!

How To Cut Costs in the Trucking Business

What you’ll learn?

Learn about fixed costs

The basic truth about fixed costs is that they never stop. This is important and you should always keep it in mind - fixed costs remain no matter what your trucks are doing - driving or idling

Learn about variable costs

Why do trucking costs matter?

Reducing Costs in Trucking

Trucker Calculator

Learn about fixed costs

The basic truth about fixed costs is that they never stop. This is important and you should always keep it in mind - fixed costs remain no matter what your trucks are doing - driving or idling

Learn about variable costs

We'll explore what exactly variable costs are, how they differ from other expenses, and why understanding them is important to your company. Get ready to discover the ins and outs of variables

Why do trucking costs matter?

We’ll talk about some very specific things - gross, cost per mile (CPM), as well as CPM cost and RPM net, and about why it’s important to consider investments when calculating your net profit

Reducing Costs in Trucking

We'll start with a topic about controllable costs and expenses to help you understand what kind of costs you can control. Then you'll learn some ways to reduce both fixed and variable costs

Trucker Calculator

TruckerCalculator is a versatile and easy-to-use online tool that provides truckers with invaluable financial insight. You can use it to calculate rentability, net gross, CPM, and more

Check it out now

Compare results

Set Targets

Track Efficiency

Knowing Cost-Per-Mile and Net profit is important for decision making. With Trucker Calculator, you will know these parameters for each truck, for each week they're hauling.

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Member Benefits and Discounts in trucking lessons

SAVE UP ALL YOUR PROFIT

by exploring the world of reducing costs, covering both controllable and variable expenses

Pay only $125

Trucking business is pretty ruthless - if you don't count your money now, you won't have any money to count later. Our Lessons help you both gain useful insights into the inner workings of the trucking industry and save your precious dollars by avoiding getting into trouble.

This Lesson is only $125 but it teaches you to potentially keep hundreds and hundreds of dollars in your pocket. A good investment, I'd say.

Igor Myra

Product Owner financial management software for truckdrivers

Frequently Asked Questions

What are fixed costs?

Fixed costs are expenses that remain the same regardless of the level of production or services provided. In trucking, fixed costs include expenses such as truck mortgage payments, insurance payments, license fees, interest payments, and other fees that are paid regularly

What are variable costs?

What is CPM?

What is gross?

Does Trucking 42 Inc offer consulting services on reducing your company’s costs?

Feedback from our students

David (Jacksonville, FL)

Thanks to the insights from Trucking42, my company reduced monthly billing problems from about 8-10 to an incredible 2. No doubt, the investment in the Trucking42 lessons has been worth every single penny!

1/8

Why Choose Us?

We are an active company that provides various services in the U.S. logistics market. Our training is a compilation of years of experience. The course cost hundreds of thousands of dollars, hundreds of mistakes, many years of experience.

The only such product on the market. With a team of over 200 professionals, Trucking42 specializes in providing logistics services to the US trucking companies.

7+years of experience in logistics

200+employees in company

100+trucking companies served

$120M+our company turnover

1300+trucks under our control

135K+loads taken from loadboards

Get our full experience

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