When building a trucking company, how can anyone know if a trip is profitable? How can you know how much profit per load a trucker is making?
There are a few ways to attempt to figure it out.
- Cost per mile
- Revenue per week
- Expenses per month
And using those numbers, try to figure out if a load works for you – or takes money out of your pocket.
The Best Loads You Need
Have you ever analyzed your trips? Figured out which load is the most profitable?
It’s easy to assume that the best-paying loads are cross-country. Maybe – but probably not because of the backhaul. Get a good load that pays a great price to ship 2,000 miles – but not to have anything to bring back and suddenly it’s not a trip of 2,000 miles – it’s a trip of 4,000 miles at half the pay. Or, if you’re lucky, you’ll find a load or two to bring you back close to home. Plenty of long distance drivers do exactly that.
What if that assumption isn’t true? What if the best paying loads are shorter trips?
How do you figure that out? You have to use Trucker Stats™.
Trucker Stats™ Per Load
In the past, we’ve talked about cost per mile or revenue per week. But it’s time to get down to the basic numbers. What’s it cost to take a load across the country? Is the profit for the load enough to cover the deadhead miles back?
One easy metric is to know the cost per mile for your rig to haul a load. This number is an average of several different factors – the monthly business costs (divided by 12) and the cost of the fuel and the expenses of the trip (tax deductible and not tax deductible) and the quarterly IFTA taxes and…
Did your eyes just roll when you saw that? Us too. That’s why we developed TruckingOffice PRO Trucker Stats™ reports. That formula is one report away from your fingertips.
Using exactly the same data, you can get the same information per load. Any load. Then you can determine if that long-haul cross-country trip is working for you.
Your goal for your trucking company is to make a profit.
You need your numbers to know what’s making you profitable and what isn’t. So you need the tools to dive deep into your data to make those critical decisions for the future of your trucking company. That’s why TruckingOffice PRO is the tool you need. Trucker Stats™ from TruckingOffice PRO show you the truth about your trucking company. Quick Books can’t – the trucking industry is too complicated and Quick Books isn’t designed to create the reports truckers need. Truckers need TMS – trucking software – to handle the complicated formulas for determining profits.
TruckingOffice Trucking Management Software
TruckingOffice offers trusted tools for the solo trucker or the fleet builder. We’ve got affordable TMS trucking software that handles everything, including automatic rate con load entry. TruckingOffice PRO with TruckingOffice ELog makes your life easier and managing your business smoother by helping you handle your tasks better and faster:
- dispatches
- routing
- invoice generation and tracking
- expense management
- IFTA and IRP
- maintenance
- Trucker Stats™– reports to show the state of your trucking business.
Combined with the TruckingOffice Electronic Logging Device, you’ve got what you need to build a successful trucking business – even from the cab of your truck.
Contact us today to try TruckingOffice PRO‘s free trial to help you avoid loads that cost you money to deliver and to discover what equipment is the most profitable for you.
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