With the trucking industry being the most in-demand industry out there, it’s no surprise that there are a lot of opportunities for your business. Choosing the right ones can help you to reach higher profit levels. We’re going to share with you four great strategies for boosting your business’s revenue this year.
1- Use Fuel Cards
There are many different fuel cards out there that allow companies to take advantage of special discounts on bulk fuel purchases. Since a large majority of your operating costs are going to be spent on fuel, it only makes sense to save as much as possible when at the pumps. You can get fuel cards from specific retailers that will offer a set discount price for each fill-up. Or you can opt for a universal fleet card that can be used at any gas station that takes credit cards and receives a discounted rate.
2- Invest in GPS Routing Software
Unless your trucking company only does local deliveries, then it’s likely you can benefit from GPS routing software. Similar to the GPS software installed in many new vehicles, the trucking versions of this software allow for easy routing to roads that truckers are allowed to be on. These systems can even alert you of potential accidents and reroute you around them to save time. Even better, this software allows you to keep track of where all of your drivers are at any given time. This way, you can better estimate when deliveries will arrive and more accurately schedule return loads.
3- Use Load Boards
Load boards are online platforms where you can gain access to various jobs that need to be completed. Companies post what their needs are, and you can choose to take the job. Instead of having to use a broker, you can set up loads on your own at these load boards. It’s important to note that many of these boards require an annual fee to see the available jobs. However, the upfront investment is well worth it in terms of the number of jobs that you can gain access to. Now, you don’t have to have any of your trucks driving empty for too long.
4- Invest in Cybersecurity Measures
Unfortunately, some people are trying to simply take the money your business makes without you realizing it. Online hackers are getting worse and stealing more and more money from businesses each year. Do yourself a favor and invest in top-quality cybersecurity measures so you never have to deal with a hacker stealing your money. Even better, you can avoid unnecessary downtime as a result of a hacking experience.
Trucking companies, just like any other for-profit business, have many methods to increase their annual revenue. Above are just four of the many different options that your business could start implementing today to increase your bottom line this year. The trick is to incorporate as many of these profit-increasing ideas as possible. The more you implement, the more money you make each year at your trucking business.