Practical Ways to Boost Load Profitability Using VivaFleet.com
As a dispatcher managing a fleet of trucks, you are constantly seeking ways to improve your bottom line. One of the key metrics that can substantially affect your profitability is 'dollars per mile.' But how can you ensure load profitability and avoid unprofitable loads early? This article shows you practical ways to use VivaFleet.com to standardize profit checks and reduce empty miles and deadhead.
Avoiding Unprofitable Loads
The first step towards improving your trucking margins is to identify and avoid unprofitable loads. This can be achieved by accurately calculating the dollars per mile for every load using VivaFleet's delivery management feature. It allows capturing key data, including distance, fuel consumption, driver costs, and other expenses. By leveraging these insights, you can spot unprofitable loads early and make informed dispatch decisions.
Reducing Empty Miles and Deadhead
Another crucial aspect of improving load profitability is minimizing empty miles or deadheading. With route mapping functions in VivaFleet, it's possible to plan efficient routes that minimize empty backhauls and optimize truck utilization. Consider multi-stop routing to ensure your trucks are loaded on both legs of the journey whenever possible.
Your Checklist for Improving Load Profitability
- Use delivery management functions to calculate dollars-per-mile for each load.
- Approve only profitable loads based on accurate calculations.
- Plan multi-stop routes with efficient route mapping tools.
- Minimize empty miles and deadhead by maximizing truck utilization.
FAQs About Load Profitability
Q: How can I calculate dollars per mile? A: Dollars per mile can be calculated by dividing the total cost of operating a trip (including fuel, driver pay, maintenance) by the distance covered. VivaFleet's delivery management feature helps streamline this process.
Q: What is deadheading and how does it affect profitability? A: Deadheading refers to a truck traveling without load after delivering a shipment. It directly impacts your profitability as the truck consumes fuel and time without generating any revenue. Therefore, reducing deadheading is crucial for improving load profitability.
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