What are Trucker Stats? | TruckingOffice

What are trucker stats?  In case you google the time period, you get transportation business statistics.  These may be fascinating, however if you wish to understand how you’re doing in your trucking enterprise, they’re no assist.  TruckingOffice PRO trucking software program has particulars that do apply to your trucking enterprise from the information you’ve gotten.  What’s higher – you don’t must do the maths or further knowledge entry!

What are Trucker Stats?

How are you aware once you’re creating wealth? 

It’s not simply how a lot cash you’ve gotten on the finish of the month.  The smarter option to is understand how a lot you’re spending versus how a lot you’ve gotten coming in per mile.

Per mile?  Is that even potential?

Positive it’s.

Trucker stats are the fundamental numbers you could know as a result of that’s how we’re paid:  per mile.

What do you could take into account to seek out your fundamental numbers like

• Income per mile
• Bills per mile
• Revenue per mile.

to know that you simply’re going to generate income on a load?

Know Your Trucker Stats to Make Cash

We requested Google the right way to compute income per mile.  The reply was sophisticated.  Very sophisticated. 

And albeit, it was incomplete.  Google ignored some costly and important bills for each trucker:

• Insurance coverage – gear, enterprise, private and medical
• Upkeep
• Gas prices
• Mortgage funds
• Enterprise bills – skilled akin to accounting, workplace provides
• Tools and instruments

You already know – all of the issues that owner-operators pay for. 

Most of these bills usually are not paid out per mile.  Some are month-to-month, some are semi-annual, some are day by day.  So computing them turns into an enormous math headache ready to occur.

Computer systems solely work with the information they’re given.  How does your laptop get that knowledge?

Somebody’s received to place it in… until it’s already there.

When you already know your trucker stats – Per Mile – then you already know for those who’re creating wealth.

– Allen Campbell, trucker and founding father of TruckingOffice

What for those who’re already placing that knowledge into your laptop?  Does it know the method to compute a Per Mile quantity?

TruckingOffice trucking software program does.

From Dispatch to Per Mile with TruckingOffice PRO

While you enter a dispatch into TruckingOffice PRO trucking software program, the main points of the route turn out to be the idea of your Trucker Stats.  Not till the bill is paid in full can we all know precisely what the Per Mile per load income is.  However TruckingOffice takes all these different numbers, akin to your upkeep bills, your insurance coverage and enterprise bills (like paying for software program to your trucking firm, which occurs to be deductible!) and computes the Per Mile numbers for you.

You don’t have so as to add in something besides the bills as you pay them.  You gotta put these numbers in anyway to your taxes, so why not use them to make it possible for your trucking enterprise is making you cash?

That’s what a whole trucking software program should do.  We speak so much about IFTA and IRP, monitoring miles per state, and so on.  But when all a trucking software program does is print up invoices (with out monitoring them to make sure they’re paid) or compute the gasoline taxes, it’s stealing your cash.

Full trucking software program packages cowl the complete enterprise.  And because it does that, you’ll be able to profit out of your trucker stats: two easy numbers that may take your online business from barely making it to creating it profitable.

Revenue, Income, and Bills

When you could understand how your trucking enterprise is doing, you want two numbers.

Bills per mile

The place are you spending cash?  How a lot are you spending? 

Income per mile

How a lot cash will a load generate to your trucking enterprise?

Revenue per mile

How a lot cash do you could get per mile to make a revenue?  Are you taking hundreds for lower than that when try to be asking for extra?

When you already know your Per Mile numbers, then you already know your worth.  Then you already know what to bid for a load and when to cross on a proposal.

That’s the way you construct a profitable trucking enterprise.