How to Find and Avoid Trucking Expenses That are Destroying Your Profit?

The arrangement is simple – you visit their truck stops and amenities, you get a discount on the fuel prices in return.

Fair enough?

I think it is a win-win situation.

Setting Your Company Up For Success

One of the smart ways to track your company’s success is to find the ratio. Notably, the ratio is the expenses divided by the revenue.

As an illustration, if your ratio is under 100% then your business is doing great. On the other hand, if it is over 100%, then your company is in trouble because the profit was soaked up by your trucking expenses.

In order to avoid these constant expenses that I mentioned previously above, you need to make a plan.

setting the company to success by avoiding trucking expenses
Source: www.pinterest.com

Notably, there are two ways to avoid trucking expenses and create successful and reputable trucking company:

  • Get higher cost per mile
  • Require advance pay by customers
  • Hire freight brokerage companies

If you happen to find yourself in a situation where your clients are not paying on time, increase the cost per mile.

Comments

comments

< Page 14 / 15 >