How is revenue ton miles calculated?
Revenue ton-miles is calculated by multiplying the weight in tons of the shipment being transported by the miles that it is transported.
What is RT weight?
A unit measure used in marine transport to compare the volume and weight of a shipment.
What is KGTM?
Gross ton mile (GTM), or its related units gross tonne–kilometre and thousand gross tonne mile (kgtm) are units of measurement commonly used in rail transportation. Gross ton kilometre is the product of total weight (including the weight of lading cars and locomotives) and the distance moved by a train.
What is ton miles 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. When the predetermined ton-mile limit is reached, drilling contractors will perform slip and cut drilling line to prevent drilling line fatigue.
How much 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. Importing a piece of furniture that weighs 100 lbs.
What is the average freight cost per mile?
The latest data from the American Transportation Research Institute (ATRI) says the average trucking cost per mile in the U.S. is $1.82….Average Motor Carrier Cost Per Mile 2018 (ATRI)
| 2018 Cost | % of Total | |
|---|---|---|
| VEHICLE-BASED | ||
| Fuel costs | $0.433 | 24% |
| Truck/trailer lease or purchase payments | $0.265 | 15% |
Is RT same as CBM?
Weights are based on metric tons and measures are based on cubic meters. RT=1 MT or 1 CBM.
How much is a ton in weight?
2,000 pounds
ton, unit of weight in the avoirdupois system equal to 2,000 pounds (907.18 kg) in the United States (the short ton) and 2,240 pounds (1,016.05 kg) in Britain (the long ton). The metric ton used in most other countries is 1,000 kg, equivalent to 2,204.6 pounds avoirdupois.
What is a ton mile?
A revenue ton mile refers to a metric used in the freight, shipping, and transportation industries. a revenue ton mile measures how much revenue a company makes per volume of freight transported. This basically translates to the revenue earned for transporting one ton of freight across one mile.
What is revenue tonne kilometer?
Revenue tonne kilometres (RTK) The revenue load in tonnes multiplied by the distance flown. Revenue per RPK Passenger revenue from airline scheduled operations divided by airline scheduled RPK. Total traffic revenue per RTK Revenue from total traffic (scheduled and non-scheduled) divided by RTK.
What is a good rate per mile?
More In Tax Pros
| Period | Rates in cents per mile | |
|---|---|---|
| Business | Medical Moving | |
| 2020 | 57.5 | 17 |
| 2019 | 58 | 20 |
| 2018 TCJA | 54.5 | 18 |