Fleet Operating Costs Per Mile

Goals

To find operating costs per mile by vehicle fleet class, as laid out in the attached spreadsheet.

Early Findings

Operating Costs per Mile for Vehicle Under 6,000 lbs (i.e. Sedan/Small Pickup Truck/Chevy Silverado 1500)

  • Fuel Cost: $0.13 per mile. *
  • Purchase Cost: $0.27 per mile. *
  • Repair/Maintenance Cost: $0.26 per mile. *
  • Insurance Cost: $0.13 per mile. *
  • Driver Wages: $0.43 per mile. **
  • Driver Benefits: $0.06 per mile. **
NOTES:
* (Based on driving 15,000 miles per year)
** (Based on driving 40 hours a week at 40 miles per hour).
All of the data above are estimates based on triangulations our team performed based on available data. Explanations for each triangulation is presented in the attached spreadsheet.

Results of Early Findings

  • Operating costs per mile broken up by fleet class / vehicle weight does not appear to be publicly available based on initial research.
  • In alignment with this, it was noted that even the data provided as an example of class 7 and 8 (via the client's initial chat with Wonder) does not show the data broken up by class or identify the data as a specific class type. Instead, this data is an average of costs as determined by a survey of fleet operators.
  • This lack of data based on vehicle class appears to be due to the numerous variables aside from vehicle weight which must be taken into account when determining such as value. For example, cost per mile must take into account the number of miles being driven, speed, age of the vehicle, city vs. highway driving, and many more variables.
  • Despite these critical obstacles, our team was able to triangulate some available data to come up with some estimates for Class 1 vehicles in the spreadsheet. In order to achieve this, our team had to rely on basing estimates on things like averages and estimates and using figures that represent an example of a specific vehicle in this class (in this case, a Chevy Silverado 1500). Most of the time the relevant data is not reported in cost per mile, but rather, as annual figures. Therefore, the number of miles being driven per year had to be determined to calculate a cost per mile estimate. One source had already done this by basing it on 15,000 miles driven, therefore, this figure was used for most of the columns to maintain consistency across the data. Driver wages and benefits miles driven were estimated based on the logic of a driver going an average of 40 miles per hour for 40 hours a week.
  • Our team can continue this research for the remaining class types. It should be noted again that existing/precompiled data showing this cost breakdown by class type is highly likely to be unavailable within the public domain. Although our team will certainly include any instances of this data if it is found to be available, we will largely need to rely on loose triangulations, such as those presented in row 2 of the spreadsheet (Class 1). Additionally, depending on what data is and isn't available, some of the data may be the same for some of the rows. For example, it's very possible that driver wages and benefits per mile may be the same for Class 1 and Class 2 since there only difference in the class is the weight of the vehicle, which may not drastically change. Likewise, since the data used to estimate the Class 1 driver wages and benefits is based on an assumption of what a Class 1 driver may make (rather than being based on the weight of the vehicle), there may not be other data that makes more logical sense for Class 2 than the data already presented for Class 1. If there is, our team will resort to that data, and if there isn't they may duplicate the data, depending on what makes the most logical sense based on what other data is available and what we can uncover about Class 2 drivers.

Proposed next steps:

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