trucking profitability insights

Driver Retention

IRS Updates Transportation Industry Per Diem Rates

Posted 12:00 PM by
The Internal Revenue Service issued Notice 2018-77, updating the special per diem rates under tax code Section 274(d), which is used to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home. Effective Oct. 1, 2018, through Sept. 30, 2019, transportation’s per... Read more →
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Despite Challenges, Trucking Industry Outlook Remains Strong

Posted 4:22 PM by
Nearly 71 percent of all U.S. freight is moved by trucks, making the transportation industry an integral part of the nation’s economy. In fact, changing dynamics in trucking could have a ripple effect to many other industries.  To discuss the state of the transportation industry, Katz, Sapper & Miller’... Read more →
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Driver Recruitment and Retention: The Key to Carrier Profitability in 2018

Posted 1:00 PM by
Drivers Needed.” This sign is common on many trucks that pass by on our nation’s highways. Why are trucking companies using their vehicles to advertise a shortage of drivers? The answer is simple. Spot rates are rising, loads need to be picked up, and trucks are ready to haul... Read more →
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Capitalizing on the Rebound: The Trucking Industry’s Push to Maximize Growth

Posted 5:00 AM by
As 2017 came to a close, the trucking industry breathed a collective sigh of relief. After two challenging years, trends indicated a rebound in the industrial segment helping to improve production. Core issues remain – primarily with regard to the advanced average age of U.S. truck drivers and frequent employee... Read more →
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Freight Network Optimization Leads to Profitability

Posted 12:03 PM by
Over the years, many owners have suggested that full truckload trucking (TL) is operationally an easy business – simply pick up a load at point A and deliver it to point B. Although few would suggest that trucking is easy in today's environment, many companies unknowingly continue to operate as... Read more →
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Metrics Matter: Know Your Numbers to Improve Trucking Profitability

Posted 6:48 PM by
As trucking consultants, we are regularly asked to help our clients benchmark their revenues, costs and productivity. Metrics are the building blocks of business planning and profitability, and minor changes in key metrics can have a significant effect on the performance and profitability of any trucking company. The transportation industry... Read more →
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Trucking Roundtable Highlights Driver Recruiting and Retention Trends

Posted 2:09 PM by
In his presentation at the Trucking Owners Business Roundtable held in Nashville, Tennessee last week sponsored by Katz, Sapper & Miller, KSM Transport Advisors and Baker Donelson's Transportation Group, Gordon Klemp of The National Transportation Institute discussed company driver and owner-operator compensation and trends.  In addition, Steve Prelipp of... Read more →
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Driver Recruiting is a Marketing Effort

Posted 1:24 PM by
Dr. Philip Kotler revolutionized the marketing world in the early 1960s with a defined and simplified approach to the consumer marketing world by evangelizing the 4 P’s of Marketing: product, price, place and promotion. While this model has evolved over time, the 4 P’s are still the core... Read more →
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