Further you can take a look at a fictive chart of the fictional costs that a trucking company can face with:
| Liability Insurance | $500 |
| Licensing | $200 |
| Bank Fees | $60 |
| Cell Phone | $80 |
| Accounting Fee | $100 |
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I have prepared these fictive costs as an example for a truck that is 2005. But, you should never forget the fact that if you own older trucks then the maintenance bills would increase.
As you can see, in this fictive chart I did not include work such as bookkeeping, office job, vehicle payment as well as filling.
This would be enough for the fixed costs.
How To Reduce Your Fixed Costs
In general, there are not many ways and means that you can take in order to reduce the fixed costs that your trucking company has.
But, what you can try and do is the following:
- Study up on ways to save money on a particular purchase;
- Try to lower the interest rate on your truck loan;
- Shop insurance to reduce the premiums;
Variable Costs
Variable costs can be interconnected with the money that a trucking company is spending in the process of operating its trucks.
