Refining Your Profit Check Process: Tips to Identify Unprofitable Loads

Load profitability is a critical aspect of fleet operation. However, identifying unprofitable loads can be challenging without a streamlined process. Thankfully, leveraging VivaFleet's dispatch board and robust reporting & analytics features can make it easier to keep those dollars per mile churning profitably.

Tips to Spot Unprofitable Loads Early

1. Regularly review your dispatch board: Timely checks on your dispatch board can help you identify issues that may lead to unprofitable loads. Anomalies such as delays, route alterations, or unanticipated downtimes are worth noting and resolving quickly.

2. Use reporting & analytics: Utilize data about past loads to establish a baseline for profitable loads. This strategy aids in early identification of potentially less profitable ones.

3. Cultivate broker communication: Developing clear channels for broker communication can prevent misunderstandings, reduce chargebacks, and boost trucking margins.

The Profit Check Checklist

• Review your dispatch board at least twice daily.
• Analyze driver/truck/trailer management reports weekly.
• Maintain regular broker communication and address any concerns promptly.
• Compare current operations with past load profitability data.

Frequently Asked Questions

Q: How often should I check the dispatch board for profitability?
A: Ideally, you should review your dispatch board multiple times throughout the day, keeping an eye out for any changes that could impact load profitability.

Q: What role does broker communication play in load profitability?
A: Effective broker communication can reduce misunderstandings and delays, which in turn helps ensure all loads are profitable. It also cultivates better working relationships with brokers, prompting repeat business and improved trucking margins.

Critical load profitability checks should be a routine part of your overall dispatch operations. By staying aware of the key components that impact dollars per mile, you can avoid unprofitable loads and keep your fleet running smoothly. For more information on how VivaFleet's tools can aid in load profitability checks, check out our blog.