cost per mile
Driving expense rate
Cost per mile is the expense of operating a vehicle or transport system divided by distance traveled.
It typically includes fuel, maintenance, insurance, and depreciation: The cost per mile for that truck runs about sixty cents.
Fleet managers and rideshare drivers track this figure to evaluate efficiency and profitability.
Also called cost per kilometer outside the U.S.
- fuelEnergy source material
- efficiencyProductive without waste
- odometerVehicle distance recorder
- gasolineRefined petroleum vehicle fuel
- depreciationAsset value reduction over time
wear · wear and tear · maintenance · trucking · fleet · owner operator · expense · cents · diesel · gas prices · commute · toll · insurance · tire · consumption · rate · calculation · driving
cost per milefixed cost
Expense unchanged by output
flat rate · lump sum · one-time fee · total cost · base fare
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