You need to make sure that you have the money to do your work. Do not let to be caught in the corner.
Cost of deadhead miles – you are delivering a load to Chicago and you forgot to find a load from there and connect it to the truck to the back home? Well, you made a mistake that cost you money. As a company you have to learn to look step forward to pull the best of the given situation.
How to make it more profitable
In order to avoid unnecessary spending and increase the profit, trucking companies must implement a system where expenses will be minimized and totally controlled.
By having all of your company expenses in one place, you will know exactly how much money you need to run your business. Having these information’s will help you to set a minimum amount per mile to be profitable.
Source: www.pcgfactoring.com
Here a few segments that you need to calculate, so you never undercharge a load:
1. Fixed Costs
Fixed costs are expenses that your company is having whether your trucks are on the road or they are in the parking lot.
- Permits
- Vehicle Registration
- Trailer Registration
- Insurance
- Property leases
- Truck payment
- Health insurance …
2. Variable Costs
