Maze Consultancy

This article at FleetOwner does a great job laying out a growth calculation formula that helps fleet owners determine their break-even point along with the Capitalization Fund Objective, or what you’ll need to reach growth plateaus. It’s not a new article, but it nicely shows you how to calculate how much capital you’ll need to reach your growth objectives, along with how much time it will take to expand your transportation business and get there. How to find clients for trucking business with load boards and freight brokers Truck load boards – or freight boards – is a great way for trucking companies to find loads. a large transportation company, but if you’re a small to midsize fleet, immediate cash is often needed to fuel your trucks and pay your drivers.

The trucking industry is red hot, with freight rates up 19.6% year-over-year. Spot rates were up 19.6% in August year-over-year in the highest August van rate ever, according to freight exchange service DAT Solutions. Now, because the economy as a whole has picked up, trucking companies are buying new trucks at such a fast rate that there’s an equipment shortage, said Don Ake, vice president at freight-equipment research group FTR. These sort of cycles are typical in the trucking industry — unexpected growth, rapid purchasing of new equipment, the eventual downturn, and finally a contraction that affects manufacturers, drivers, and freight companies.

An electronic logging device, or ELD, is a device used to automatically collect, supplement and process a driver’s Record of Duty Status (RODS) and Hours of Service (HOS) data by combining driver inputs with information collected from the engine’s ECM. The exceptions from the requirement for a commercial motor vehicle to be equipped with a certified ELD device are:When being operated under a permit;Being operated by a carrier to which an exemption has been issued under the Motor Vehicle Transport Act;Are subject to a rental agreement of no longer than 30 days that is not an extended or renewed rental of the same vehicle; orManufactured before model year 2000 (generally referring to the engine) The majority of the Regulations Amending the Commercial Vehicle Drivers Hours of Service Regulations, as published in Canada Gazette, Part II, Volume 152, Number 12, is dedicated to the Technical Standards for Electronic Logging Devices. Save time and money by eliminating paperwork Maximize drive time with fewer and shorter inspections Seamless communication keeps you updated every step of the way Access to applications to increase productivity and earnings Prevents driver harassment by increasing fleet HOS accountability NEXT STEPS Preparing for the Mandate Now that the Canadian ELD Mandate has been released to Gazette II, it is time for fleets to familiarize themselves with the regulatory requirements.

The trucking industry relies on safe drivers to complete deliveries, and they’re typically thought of as the foundation of the system, but they’re not the only employees responsible for its success. These figures cover dispatchers in general, but those who work in the trucking industry are paid above the median annual dispatcher salary at about $43,920 ($21.11/hour) annually. Additionally, drivers aren’t on their routes only during business hours, so this job isn’t always confined to Monday through Friday, 9 a.m. to 5 p.m. Comparing Similar Jobs Dispatch jobs Police, Ambulance, and Fire Dispatcher: $39,640 Air Traffic Controller: $124,540 Customer Service Representative: $32,980 Source: U.S. Bureau of Labor Statistics, 2017