{"id":3369,"date":"2017-10-17T17:02:39","date_gmt":"2017-10-17T21:02:39","guid":{"rendered":"http:\/\/transcourt.com\/?p=3369"},"modified":"2023-04-06T11:38:14","modified_gmt":"2023-04-06T15:38:14","slug":"how-analytics-can-save-you-money","status":"publish","type":"post","link":"https:\/\/transcourt.com\/fr\/2017\/10\/how-analytics-can-save-you-money\/","title":{"rendered":"How analytics can save you money"},"content":{"rendered":"

MISSISSAUGA, Ont. \u2013 \u201cDo you wanna make more money?\u201d That was how Brian Abel, freight network engineer with KSM Transport Advisors, introduced himself before a Surface Transportation Summit session on improving the profitability of your trucking business.<\/p>\n

 <\/p>\n

The key to achieving this, Abel contended, is by leveraging analytics. \u201cCarriers for years have sought a metric that could best capture potential profitability,\u201d he explained. His firm developed a concept called \u201cyield,\u201d which is essentially the margin per day of a fleet\u2019s entire network. \u201cAs yield goes up, operating ratio goes down,\u201d Abel explained. \u201cThe concept of yield creates a common language to allow carriers to analyze freight using proven mathematics.\u201d<\/p>\n

\"\"<\/a><\/p>\n

The metric measures the time and cost to deliver a load, beginning with the empty call following the previous delivery. Any unplanned time is considered delay, which gives the fleet insight into how long it actually takes to deliver a load compared to its expectations. It also considers geography and helps fleets to drill down on the most \u2013 and least \u2013 lucrative lanes, loads, and customers.<\/p>\n

 <\/p>\n

These analytics also allow fleets to better understand backhaul requirements, and whether they\u2019re charging appropriately. Mike Buck, president, MCB Fleet Management Consulting, spoke to how improving maintenance practices can also improve a fleet\u2019s profitability. A good fleet maintenance program needs rigorous inspection processes, he noted, so all technicians are following the same workflow.<\/p>\n

 <\/p>\n

Source: TruckNews; https:\/\/www.trucknews.com\/business-management\/analytics-maintenance-keys-trucking-profitability\/1003081461\/<\/a><\/p>\n