Truck Costing Tables

NITL Truck Costing Tables

An excerpt from the benchmarking exercise carried out by NITL of truck costings in 2004.

These details cover one category of truck and one category of trailer.

For detailed costings on the full range of vehicles ranging from 3.5 tonnes to 44 tonnes gross as well as Tandem and Tri-axle Trailers please contact

Mr. Shamir Shirim at NITL, Herbert Street, Dublin 2.
Phone - 01 644 5721
Email: SPAMFILTER@dit.ie" target="_self"> samir.shirin@dit.ie

Explanatory Notes

The costings shown over the following pages, for a 44 Tonne 6X2 Tractor and Tri-axle Trailer are just a small section of the first Irish Commercial Vehicle Operating Costs publication developed by a national institution.
There are significant fluctuations in vehicle costs even within the same category. In this bench-marking exercise costs were based on certain assumptions and these are outlined and explained in the following notes.
Although the model used is designed to provide the benchmark cost standard, we would strongly recommend that in each individual case, costs be re-calculated and the peculiarities of each working environment taken into account.

The Model

The model of the study has been adopted from (Irish goods Vehicle Operating Costs 2000‚ (DFF cost booklet) produced by „DFF International”, a UK consultancy firm.

Data Collection

Data was sourced with major companies commonly represented in the industry in each particular category and type. Details of individual contributors to the study can be obtained on request.

Vehicle price

Vehicle prices are based on the categories of truck most utilised in ‘Hire or Reward’ operations in Ireland.
The trailer and body prices are based on those most commonly used in the industry.

Repair and Maintenance

As above

Trade in price

As above, where appropriate

Average working days per annum

IBEC data suggest a 39.5 hour week. Vehicle scheduled maintenance is calculated on a 48 week year. Multiplied by 5 working days per week this gives 240 working days per annum.

Fuel Consumption

Fuel Consumption figures are taken from the DFF cost booklet. Miles per gallon are converted into miles per litre and litres per 100 km.
The cost is calculated for both cents per mile and cents per litre. The price of one litre of diesel is assumed to be 100 eurocents/litre

Average distance

Depending on truck utilisation, average kilometres per annum may vary hugely. The figures assumed are consistent with typical utilisation of individual truck categories.

Tyres

Average tyre life is also heavily dependent on the use of the vehicle and to generalise is difficult. Average tyre life figures used in this booklet were adapted from the DFF cost booklet. There is no reason to believe that average tyre life could have altered since the year 2000. The prices are based on those of the most commonly used brands.

Wages

The figures are derived from IBEC‚s
„NATIONAL SURVEY ON RATES OF PAY for the MANUFACTURING AND WHOLESALE DISTRIBUTION SECTORS”
Aug 2004

Depreciation period

Obtained in the same way as vehicle prices. It represents the industry average. It is common practice to calculate over a 5 year period.

Interest on capital

Calculated on the Bank of Ireland’s current fix term rates
The rates are taken from the Bank’s website

Road Tax

Motor tax rates are taken from Dublin city web site. Motor taxes are categorised according to vehicle unladen weight. The unladen weights have been calculated by aggregating cabin, chassis and body and/or trailer where appropriate.

Licences

For vehicles operating on a for Hire or Reward basis a road haulage licence is required for vehicles over 3.5 tonne gross. Firms carrying their own goods (Own Account ) do not require this . The licence is charged on a per vehicle base and is E 95.23 for National and E 228.55 for International haulage. The majority of carriers are haulage contractors ( Hire or Reward ) and therefore are subject to licensing. It has been assumed that in general, rigid trucks are mostly used for National and that articulated tractors are mostly utilised for International haulage, and licence costs have been allocated accordingly.

Vehicle Insurance

Insurance premiums are comprehensive and are based on standard trucks of a standard value. Drivers were assumed to be 35 years old, and the holders of a full Irish license for at least 10 years and with a five year no-claim bonus.
The data have been obtained from companies specialising in commercial
vehicle insurance. They have been cross referenced with IFSRA annual
reports and were found to be consistent.

Goods in transit insurance

In the case of articulated vehicles especially in smaller fleet sizes goods in transit insurance is estimated to be between E 750 and E 1000. Large companies may be able to have more advantageous insurance deals which makes it is difficult to generalise. Hence, the goods in transit insurance cost for all types of articulated vehicles has been set at E 800 per annum.

Overheads per vehicle

In the original cost booklet, overhead costs were calculated to include various indirect costs associated with the management of a trucking fleet. These have not been categorised individually e.g. Administrative costs, Premises Rent, Office Equipment etc.

Source: http://www.worldwide-tax.com/ireland/ire_infl.asp