Running a profitable trucking business isn’t easy these days. There’s lots of competition, fuel prices are rising and customers can be inconsistent with their orders and payment schedules. Nevertheless, there are certain strategies that can help you boost your profits and grow your company. Here are 10 of the best ways to make your trucking company more profitable.
We Reviewed Four Diesel Auxiliary Power Units
Due to tightening regulations regarding truck idling, along with increasing truck fuel and maintenance costs, Auxiliary Power Units have become an integral part of today’s trucking fleets. Particulate reduction regulations in the Nation’s Ports and heavily traveled truck corridors require companies to significantly reduce truck idling time. Additionally, since fuel and maintenance play a significant part in fleet profitability, APU’s are quickly becoming a “must have” in today’s trucking environment.
Trucking companies have to keep costs as low as possible to ensure you make a profit. Proper maintenance of your vehicles helps you save on fuel. Your tires are a simple but important factor affecting fuel efficiency.
Tires and Fuel Efficiency
Tires are crucial for several reasons. The number one reason to make sure your trucks have good tires of the right size is safety. Drivers and vehicles need quality tires to get them through all kinds of weather and road conditions. There’s also the fact that flat tires or blowouts cause delays, which hurts your business.
A fuel card is a useful resource to help you save money when buying fuel. There are some key advantages for truck drivers and owners of trucking companies to obtaining a fuel card. You’ll gain even more benefits if you also use transportation factoring.
What is a Fuel Card?
The simplest way to think of a fuel card is that it’s like a prepaid “club” credit card that affords you significant discounts on fuel, tires, roadside service and repair services. Riviera Finance has partnered with TransConnect Services (TCS) to afford their clients some of the best discounts in the business.
If you own a trucking company or are a truck driver who operates as an independent owner-operator, your livelihood depends on finding loads to haul. There are several ways to go about this, such as personal referrals. Today, however, the fastest and most reliable method is by using online load boards. Let’s explore what load boards are and why they are so valuable to truck drivers.