FreightWaves adds fuel data to SONAR SCI
FreightWaves has upgraded SONAR SCI to include fuel surcharge estimates at the lane level. FreightWaves is also adding the Global Supply Chain Pressure Index (GSCPI) to the SONAR platform.
How to Calculate Gross Fuel Expense per Mile
Fuel represents the second largest expense for any trucking operation (behind driver compensation). In fact, fuel can eat up 25% or more of the revenue generated by a carrier, or over 43 cents per mile driven. Driver wages and benefits are market driven, and are heavily influenced by geography. Further, there is a strong correlation […]
