5 'Must Do' Steps to Grow Your Trucking Company
Aug. 06, 2024
5 'Must Do' Steps to Grow Your Trucking Company
Before you can save money, you need to know how much youre spending.
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First, what are your fixed and regular costs, such as your insurance, permits, etc. Next calculate your variable costs, such as fuel. Then subtract your total cost from your rates and youll get your profits.
Once you have this you can set goals for how to increase it going forward.
A blog post from Truckstop sets out several tips for newbie truckers to conrol their expenses. Here are their top 6 recommendations to cut trucking costs:
1. Use a Transport Management System (TMS): You can control loads, make payroll simpler, and automate IFTA reporting with the use of a Transport Management System. A TMS should also let you produce BOLs and invoices and offer comprehensive reporting and data about your company. A TMS will reduce the time you spend on office duties while also saving you money.
2. Calculate your mileage expense: The most crucial metric you can know for your company is the cost per mile you incur to maintain a vehicle on the road. However, the majority of owner-operators don't spend the time to accomplish this. You can't find cost-cutting opportunities if you don't know how much you're spending. Spend some time tracking your vehicles; it will be worthwhile.
3. Monitor your spending each month: To calculate your costs per mile, you must keep track of every dollar that comes in and goes out. Examine every cost to determine if there are any areas where you can reduce back. Obtain a profit-and-loss (P&L) statement from an accountant at the conclusion of the quarter and search for expenditure trends.
4. Safeguard your cargo.: One of the most expensive crimes in the United States is cargo theft, which is still a genuine threat across the nation. Thieves always come up with daring new ways to steal trailers and goods. It is vital to familiarize yourself and your drivers with the best practices for safeguarding cargo as well as the ways in which truckers may be the targets of thieves.
5. Use fuel-saving techniques: Although you can always cut down on idle time, there are a lot of other techniques to reduce fuel use that you might not be aware of. Make sure you're employing measures to save fuel expenditures, and educate your drivers so they're doing the same. Examples include maintaining tires at the proper pressure and installing a roof fairing.
6. Prepare routes and stops in advance: Although you can't plan for everything, keeping an eye on the weather, traffic jams, detours, toll booths, truck parking, and road restrictions can help ensure a pleasant journey. Even while it may take some time initially, finding the fastest routes will ultimately save you time.
Solid Business Practices Over the Long Haul
Thu September 20,
XL Specialized Trailers
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Trailers are one of the most crucial products in the marketplace because of their ability to take anything from point A to point B, no matter the industry. They are largely underappreciated because they are simply the transportation vehicles, not the end product. However, to companies like Gushee's Rigging & Heavy Hauling in New Gloucester, Maine, trailers are their lifelines and what has kept their business succeeding over the long haul, quite literally.
Since it was established in , many industrial companies in the United States and Canada have come to trust Gushee's for its ability to move anything and everything even large complex loads. For instance, it recently transported an industrial boiler to a customer despite some unique challenges. Whatever machine the heavy hauling company moves is typically a very expensive and vital piece of the customer's business. Just having it show up damage-free is sufficient, but Gushee's delivers the load in a safe and timely manner as well.
We have been around for 32 years so we have the expertise as riggers to safely move, load and haul just about anything from the smallest of machine tools to the largest of industrial machinery and equipment, said Daryl Gushee, owner and founder of Gushee's Rigging & Heavy Hauling. We haul many diverse loads, so our trailers really are crucial to our success, which is why we have many different options.
Completing moves in a short amount of time is not an easy thing to do on the East Coast. This is because the eastern United States has more law restrictions surrounding transportation than other parts of the country regarding height, width, and weight constrictions, primarily due to the low bridges and aging infrastructure.
Standard legal transportation height is 13 ft. 6 in. in New England, and once a load gets taller than that, it takes considerably more effort to plan the route to avoid areas with lower infrastructure. Even with over height loads, keeping the height as low as possible provides the operators additional route options, which can save significant transport time.
While Gushee features more than 30 trailers in its lineup, the company relies on XL Specialized Trailers, a manufacturer of custom-engineered heavy haul trailers, to meet its heavy hauling needs. According to Gushee, XL Specialized Trailers are very dependable and have added features on its trailers that other trailer manufacturers do not. Most recently, it added the XL 60 mini-deck lowboy to its lineup, which has a capacity of 60,000 lbs. overall, and a unique three beam design, which facilitates a loaded deck height of 12 in. with 4 in. of ground clearance. The mini-deck clears low bridges without sacrificing strength, and adheres to the East Coast bridge laws.
The XL 60 turned out to be valuable for Gushee recently when it needed to haul an industrial boiler to a customer. The boiler was moved from the port at Searsport, Maine, to Main Woods Pellet Company in Athens, Maine. It was a difficult load with a width of 17 ft. 5 in. and height of 18 ft. when loaded. The boiler also was very heavy, giving the trailer all it could handle with a maximum-capacity load.
The boiler was eventually transported in August after six weeks of route preparation and planning. There were more than 25 vehicles in the convoy, which included four state police escorts, four pilot cars and line crews with bucket trucks from several different utility companies (if they entered their jurisdiction along the way). Anticipating eight hours of transport time, Gushee was just under its estimated time, moving the boiler a total of 104 miles.
If we would have put that boiler on any of our other lowboy trailers, we would have been well above 18 feet and if you do that, you are asking for trouble, Gushee said. In reality, even 15 feet is high especially on the East Coast. We do not have anything else close to how low to the ground the XL 60 is. Every inch over what the XL deck allowed us would have brought complications to this job. The XL trailer was absolutely crucial in this move and it handled the load very well. We were able to deliver the boiler on time without incident and all overhead wires were left intact.
When it comes to heavy hauling, Gushee is a solutions leader, always saying yes to a customer in need no matter the load, and the industrial boiler was no exception. Always doing right by the customer and having the fleet of trailers to back it up has proven to be a winning combination for 32 years.
In the case of Gushee's Rigging & Heavy Hauling, its strong fleet and diverse lineup of trailers has not only taken customers' machinery and products from point A to point B, but has also helped position the company as a leader in the field.
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