Kenton, TN (PRWEB) September 15, 2005 -- The developer of the Load Profit Analysis Software announced the newest version of the software answers the current question plaguing the trucking industry: With the recent increase in fuel costs, how do companies and drivers know what shipping costs customers need to pay on the next load?
Tremendous spikes in diesel fuel costs recently have caused trucking companies and Owner/Operators to search for answers while trying to avoid a financial quagmire. Veteran Owner/Operator and developer Tim Brady analyzed the problem utilizing his Load Profit Analysis Software and found a quick solution to determine customers? shipping costs.
Previously, software users separated Fixed Costs, Cost per Mile expenses, and Shipment (load) Specific Costs into two separate spreadsheets (Fixed Costs and Cost per Mile), while individually listing any Shipment Specific Costs on a load-by-load basis.
The Solution: "Load Profit Analysis Software users remove fuel costs from the Cost per Mile spreadsheet in the program. By figuring the MPG of the vehicle, the actual hub miles the vehicle will travel on this load and the price per gallon fuel is currently costing, the trucking company or driver can calculate the total cost of fuel for this load. Users enter the fuel cost into the Shipment Specific Cost fields to calculate the actual Profit per Day, Profit per Mile, and Profit per Load," Brady said.
"In less than a minute, the trucking company or Owner/Operator knows whether the load revenue needs to be increased, decreased, or stay the same ? but the revenue is always within competitive profit margins."