FPPF Fuel Power Max on Red Eye Radio

We are Rudi Radio, brought to you by FPPF Fuel Power Max. Surviving and thriving as an owner-operator has just as much to do with managing costs as it does with generating revenue. Understanding basic principles of operating costs can save you thousands of dollars a year. Costs are not the same each month. If 9,600 miles are driven one month and 10,000 miles the next, two different sets of costs apply for each month. For example, if your tractor payment is $1,850 per month and you drive 9,600 miles in the month, your tractor payment is costing you 19.3 cents per mile. Drive 10,000 miles though, and that same payment will cost you 18.5 cents per mile. This is one of your major fixed costs while paying off a truck loan. The difference in this example is only a fraction of a cent, which may seem like small change, but it ultimately amounts to $960 more annually on the bottom line. Because though fixed costs do not go down over time, you can reduce your cost per mile with more paid miles. Owner Operator Business 101 is provided by Overdrive's Partners in Business program. Go to overdriveonline.com to the Partners in Business section of the website for more details on this and many other topics. Brought to you by Shell Rotella with advanced synthetic technology designed to help keep your rig running with more mileage and less maintenance.