Owning a trucking company is pretty cool, but cutting all the daily costs and reducing them to the bare minimum in order to maximize profit is even cooler!
In order to run a profitable trucking company, it is really important that you cut all the trucking fleet costs as much as you possibly can, but still be able to make all your scheduled deliveries with efficiency.
If you happen to own a trucking company and want to learn more about how to cut the everyday costs, feel free to continue reading until the end. Here’s what you need to know.
Tracking the current budget effectively
Just like any other business, tracking your budget is something that needs to be done really precisely and carefully, if you don’t want to make any expenses that you cannot afford, or go over limits that should not be crossed. It’s basically the same with owning a trucking company, and since a business is a business, the same rules apply here as well.
Most companies, especially the more successful ones, will always hire a person whose job is to track the budget really carefully and make sure that the company doesn’t make any expenses that are unnecessary.
We do understand that your expenses are different each week due to the different deliveries that you have to make, but making sure that you stick to it as much as possible is really important. Simply by tracking how you’re spending money, you will be able to find areas in which you can cut some costs to the minimum.
Cutting third-party services
According to this website, most successful trucking companies are trying to insource and multitask on their own as much as they possibly can, simply because this allows them to reduce all costs that were meant for those third party helping hands that you want to hire.
There is a common formula which a lot of successful trucking companies follow, and it says that you shouldn’t hire more than one non-driving person per five trucks in your company. Try to follow this rule and you’ll notice that you might have a bit too much people in your company.
Anything that’s a small job and can be done by your employees should be done like that. Hiring third-party companies is always helpful, but it will cost a lot of money, and in most cases, you can probably do that task by yourself instead of hiring someone else.
Implementing healthy food
One common thing that is well-known about drivers is that most of them don’t have a healthy lifestyle, simply because healthy food is really hard to come by during very long trucking routes. This means that you should try to encourage your crew to get involved in at least some kind of physical activity and pack some healthy meals for their routes, in order for them to remain healthy and safer.
Poor diet and lack of exercise can sometimes lead to a lack of awareness, which is one of the most common reasons for road accidents. Healthy food is not really hard to prepare, and it is definitely something that will both improve the health of your crew and reduce your costs since fast food on the road can sometimes cost a lot of money.