Quick Answer: How Do You Calculate Ton Miles On A Drill Line?

What is revenue tonne?

A unit measure used in marine transport to compare the volume and weight of a shipment.

Freight rates are usually expressed in terms of cost per revenue ton.

The greater of total cubic feet/40 versus the total gross weight in pounds/2.234.

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What is the average rate per mile for trucks?

\$1.82The latest data from the American Transportation Research Institute (ATRI) says the average trucking cost per mile in the U.S. is \$1.82. So, if one of your trucks drove 100,000 miles last year, you spent \$182,000 to keep that single truck on the road.

How do you calculate cost per ton per mile?

The cost -per ton-mile is 1.8d., found by dividing the total . cost by. the,nuMber of ton-miles. In the second case, assuming that a 5-tonnef is _employed and that running costs amount to ls, per .

What is a passenger mile?

A revenue passenger mile (RPM) is a transportation industry metric that shows the number of miles traveled by paying passengers and is typically an airline traffic statistic. Revenue passenger miles are calculated by multiplying the number of paying passengers by the distance traveled.

How much does it cost per mile?

According to the Internal Revenue Service, a mile costs \$0.53. This is the value you can deduct from your income for each mile you drive while on business. This represents, in one single number, the net cost of driving.

What is vehicle km?

Term. Unit of measurement representing the movement of a vehicle over one kilometre. The distance to be considered is the distance actually run. It includes movements of empty vehicles. Units made up of a tractor and a semi-trailer or a lorry and a trailer are counted as one vehicle.

What is freight ton?

A shipping ton, freight ton, measurement ton or ocean ton is a measure of volume used for shipments of freight in large vehicles, trains or ships. In the USA, it is equivalent to 40 cubic feet (1.1 m3) while in the UK it is 42 cubic feet (1.2 m3).

What is ton mile in drilling?

Drilling Ton-Mile is the work of drilling line that is commonly measured as the cumulative of the load lifted in tons and the distance lifted or lowered in miles. … Note: Ton-mile is the important figure that must be recorded correctly.

How do you calculate ton miles?

Ton-Mile Calculation A ton-mile is one ton moving one mile. DO NOT ESTIMATE TON-MILES BY SIMPLY MULTIPLYING TOTAL MILES BY TOTAL TONS – this calculation effectively assumes your entire tonnage is transported on EACH AND EVERY truck, railcar, aircraft, or barge, and will clearly overstate your ton-miles.

What does Ton Mile mean?

: a statistical unit of freight transportation equivalent to a ton of freight moved one mile — compare car-mile.

How do you calculate cost per ton per km?

The calculator below makes a pretty simple thing – first it calculates the total cost of transportation as multiplication of distance by price per kilometre, then it calculates a number of tonne-kilometres as the multiplication of distance by mass of cargo and then the total cost is divided by a number of tonne- …

How many passenger miles are flown each year?

AnnualPassengers (in millions)965.44.8Flights (in thousands)9,761.42.6Revenue Passenger Miles (in billions)1,436.85.2Available Seat-Miles (in billions)1,742.44.64 more rows•Apr 30, 2020

How many miles are in a ton?

What is a ton-mile? One ton-mile is the equivalent of shipping one ton of product, one mile. For example: One ton-mile is the equivalent of shipping one gallon of milk about 225 miles.

How do you calculate trucking costs?

To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing \$2515 (fixed costs) by 8,400 (miles), which gives us \$0.30 per mile. Using the same method, we calculate variable costs to be \$0.70.

How much should owner operators charge per mile?

The average owner-operator revenue per mile was \$1.35 in 2017, according to ATBS, which was up 7 cents per mile over 2016’s average.

What is the most fuel efficient mode of transportation?

For domestic travel buses are by far the most fuel efficient (in the US). For long distance travel planes can actually be the most efficient. The key measurement that impacts efficiency is miles per gallon per person.