Is 40 cents a mile good?
Asked by: Xzavier Brown MD | Last update: February 5, 2026Score: 4.8/5 (42 votes)
Whether 40 cents a mile (40 CPM) is "good" depends heavily on the context, but for company truck driving, it's often considered a bare minimum or slightly low starting point, potentially offering poor hourly wages after expenses, while for employee reimbursement (like for sales), it's decent but below the higher IRS rates. It can be acceptable for new drivers gaining experience or for simple loads, but better rates (50-70+ CPM) are sought for better pay, especially with flatbeds or longer hauls, and some drivers aim for $1+ CPM, according to Trucker Report and Facebook groups, Driversnote and Cardata, TruckersReport.com, Prime, Inc., mBurse, The Truckers Report and Facebook groups, Quora, Reddit and other sources.
How many cents per mile is good pay?
Is 52 cents a mile good for trucking? Earning 52 cents per mile in trucking is generally considered at or above average.. However, it's important to consider other factors, such as the total miles driven, benefits, and the cost of living in your area.
What is a reasonable charge per mile?
How much you should charge per mile depends on the purpose (business, personal, delivery) and location, but the IRS standard rate for business use is a strong benchmark, set at $0.725 (72.5 cents) per mile for 2026, covering gas, maintenance, and depreciation, while delivery services might charge $1.00 to $2.00+ depending on vehicle size and demand. Always factor in your specific costs like fuel, insurance, and vehicle wear, plus your desired profit, with many professionals using the IRS rate as a base.
Is 60 cents a mile good?
If they genuinely offer a drop and hook just go type of thing, expect about $0.40-$0.50/mile for a new driver. If it's long hauls but live loads, $0.50-$0.60/mile. Good pay would be $0.70/mile or higher.
What's the average cent per mile?
The IRS mileage rate from 2014-2026
*In 2022, the IRS mileage rate was raised from 58.5 cents to 62.5 cents for the second half of the year, to combat rising costs. Rates trended lower between 2016 and 2018 due to low national gas prices and modest inflation.
How to Calculate Cent Per Mile (CPM) #trucker #8teenwilln #cdl #youtuber
Is it still 45p per mile?
Yes, the UK's Approved Mileage Allowance Payment (AMAP) rate remains 45p per mile for the first 10,000 business miles in a tax year, dropping to 25p per mile for subsequent miles, as set by HMRC (GOV.UK), though there are ongoing campaigns and discussions about increasing this figure due to rising costs.
Is $0.70 per mile good?
Yes, $0.70 per mile is generally considered a good rate for business reimbursement, aligning with the 2025 IRS standard, but whether it's "good" for your personal earnings depends heavily on your specific situation (e.g., 1099 vs. W-2, type of driving, actual expenses). For business use, it covers typical vehicle costs like gas, maintenance, and depreciation; however, for some gig workers, it might feel low compared to their actual time and effort, while for W-2 employees with benefits, it's often excellent.
How much should I get paid per mile in the UK?
The HMRC 10,000 mile threshold
For the first 10,000 miles, 45p/mile is the standard rate. For any miles covered beyond the first 10,000, the rate is 25p/mile.
Is running 1 mile good for you?
The researchers concluded that running for even 10 minutes a day (the time it might take you to run a mile) can help significantly lower your risk of cardiovascular disease and can lower the chance of dying from heart disease by half.
What is the 30-60-90 rule for cars?
The 30-60-90 rule for cars is a preventive maintenance guideline recommending major service milestones at 30,000, 60,000, and 90,000 miles to keep your vehicle reliable, extend its life, and prevent costly breakdowns by servicing key components like fluids, filters, belts, and spark plugs at these intervals. It acts as a car's "health plan," addressing wear before it causes major issues, but specific services can vary by manufacturer, so checking your owner's manual is crucial.
What is the $2500 expense rule?
The $2,500 expense rule refers to the IRS's De Minimis Safe Harbor Election, allowing businesses (without a formal financial statement) to immediately deduct the full cost of tangible property costing up to $2,500 per item or invoice, rather than depreciating it over years. This simplifies taxes for small businesses, letting them expense items like computers or small furniture in one year if they follow consistent accounting practices and make the annual election by attaching a statement to their tax return.
How much value does a car lose driving off the lot?
By the time you park a brand-new car in your driveway, it's already worth hundreds less than you paid for it – maybe even thousands. And that's only the beginning. Carfax data show that cars typically lose more than 10% of their value in the first month after you drive off the lot, and it keeps dropping from there.
Is pay per mile worth it?
Yes, mileage reimbursement is generally worth it for both employees and employers, as it fairly compensates employees for using personal vehicles for work, improves satisfaction, and helps businesses avoid legal issues, though the effectiveness depends on the reimbursement method, with automated systems and fair rates preventing under-reimbursement for costs like depreciation, insurance, and maintenance. For employees, it covers costs beyond just gas (like wear-and-tear, insurance, depreciation, and repairs) and can make them feel valued, while for businesses, it aids talent attraction/retention and compliance, preventing pay from dipping below minimum wage, notes.
Do truckers get paid hourly or by mile?
Per-mile pay is the most common way over-the-road (OTR) drivers are paid for their work. For example, you might earn a base rate of 55 cents per mile. If you drive 3,000 miles in a week, your base earning for that week would be $1,375.
What is a fair mileage rate?
As of 2027, California uses the IRS standard mileage rate of $0.725 per mile for business travel. This rate, which was implemented in January 2026, is designed to cover the actual expenses of using a vehicle, including (but not limited to): Fuel cost. Depreciation from wear and tear. Maintenance and repair costs.
What is the 70 hour rule for truckers?
The basic rule states that your drivers who are operating a commercial vehicle must not drive for more than 70 hours over eight consecutive days. The point of imposing this driving limit is safety on the road, with one aspect being that the DOT aims to protect your truck drivers from the dangers of overworking.
Can a truck driver make 100k a year?
Yes, truck drivers can make $100k a year, especially in specialized roles like heavy haul, car hauling, fuel/hazmat, or food & beverage, or by working as an owner-operator, focusing on high-miles runs, or securing union/private fleet positions. While it often requires experience, endorsements (like Hazmat), a clean record, and significant dedication to long hours or specialized freight, many opportunities exist for six-figure earnings.
Do truckers drive 1000 miles a day?
No, a solo truck driver generally cannot legally or practically drive 1,000 miles in a day due to strict Hours of Service (HOS) regulations limiting driving to 11 hours within a 14-hour window, plus mandatory rest, meaning typical solo drivers average 500-600 miles, while only team drivers (two drivers sharing shifts) can consistently cover 1,000 miles or more daily.
What proof do I need for mileage claims?
For mileage claims (especially for US taxes), you need detailed, contemporaneous records showing the Date, Destination, Business Purpose, Starting & Ending Odometer Readings, and Miles Traveled for each business trip, plus receipts for related parking/tolls; these logs must prove the miles were for legitimate business use, not personal, and can be kept digitally or on paper, but must be ready for an audit.
How much fuel can you claim on tax?
Claiming fuel costs without receipts
With this method, you can claim for up to 5,000 km of work-related trips without receipts for the financial year (the rate for 2025-26 is 88c per km). The other way to claim fuel for work-related trips is through the logbook method, which does require you to keep receipts.
How much should I pay per mile?
The standard mileage rates for 2025 are: Self-employed and business: 70 cents/mile. Charities: 14 cents/mile. Medical: 21 cents/mile.
How fast do Navy Seals run 1.5 miles?
For the Navy SEAL Physical Screening Test (PST), the minimum time for the 1.5-mile run is 10 minutes, 30 seconds, while competitive candidates aim for under 9:30, with top performers often running under 9 minutes for a 7-minute mile pace or faster to maximize points. This test assesses endurance and aerobic capacity, requiring a pace of about 7 minutes per mile just to meet the minimum standard, but elite scores demand a 6:20 mile pace or quicker.
What is the 10% rule in running?
The 10% rule in running is a guideline to prevent overuse injuries by suggesting you don't increase your total weekly mileage by more than 10% from the previous week, allowing your body time to adapt to increased load. For example, if you ran 20 miles this week, you'd run no more than 22 miles next week, but it's also a rule of thumb, not a strict scientific law, and some studies suggest focusing on consistency and listening to your body, not just mileage.
Are owner-operators making money?
On average, owner-operators gross $200,000–$250,000 per year, depending on how much they drive, their freight type, and how well they manage expenses. After fuel, maintenance, insurance, and taxes, the net take-home usually lands between $70,000–$120,000. That's a big range and it depends on how you operate.