Recent Articles

Transportation

The transportation industry covers a vast spectrum of operations. From the local taxi company to large container ships, no other industry covers more ground than transportation. Learn about the importance of cost per mile and the value of this measurement standard to make a profit in the transportation industry.

Business Dynamics of Hauling

01/18/2016

One of the industries in the transportation sector is materials hauling.  This is your dump truck industry.  All of us see these trucks out on the highway usually hauling gravel or dirt.  To profit well, efficiency is the primary business [...]

Mileage Deduction – Rate for 2015

01/01/2015

On December 10, 2014, the Internal Revenue Service announced the mileage rate deduction for 2015.  They increased the amount allowed 1.5 cents to 57.5 cents per mile.  So how do you calculate and use the mileage rate formula for tax purposes?  If [...]

Cost per Mile – The Basic Formula

03/17/2014

In any industry, especially transportation, it is essential for the owner of a business to understand how much it costs per mile to operate his vehicle, trucks or fleet.  The formula looks simple and in reality it is; but you must understand the [...]

Mileage Deduction – Rate for 2014

01/03/2014

On December 6, 2013, the Internal Revenue Service announced the mileage rate deduction for 2014.  They reduced the amount allowed one-half a cent to 56 cents per mile.  So how do you calculate and use the mileage rate formula for tax purposes?  [...]