Tag: Trucking Business

15 Jun by Vitaliy Tags: , , , , , , ,

Why You Absolutely Must Keep on Truckin’ Through 2020!

Things are getting better in the freight markets! This is indeed great news. Rates are increasing, tonnage is increasing, freight availability is improving. This exactly why we’ve been telling truckers they need to keep on truckin‘. Let’s look back a few months. Things were bad. Lots of trucks on the road, very little freight. The […]
11 Nov by Vitaliy Tags: , , , , , , , , , , , , , ,

A Tale of Two Truckers

A Tale of Two Truckers is about two drivers who couldn’t be more different from each other. One makes money, the other does not. One listens to dispatch, the other one doesn’t, and pays dearly for it. Both clients have signed up with our truck dispatch service at about the same time. One trucker is […]
14 Oct by Vitaliy Tags: , ,

The P&L Statement

I'm big on calculation, stats, and statements. I believe you need to know the costs associated with making your business work. Profit & Loss statements or P&L statements are of utmost importance in the trucking industry because of the extremely variable nature of our business.Diesel is a big expense and the cost varies. IFTA is based on miles calculation and state fuel tax rates. Putting on miles means increasing exposure to insurance claims and other operating hazards. In addition to all of this, the trucking business is affected by the general state of the U.S. economy.In this post I want to show you what you need to build your very own Profit & Loss statement. This can be done in Excel or if you don't have Excel you can also do the same thing for free at https://docs.google.com/spreadsheets/u/0/ if you have a Google account.