Profit Per Mile
Profit & Loss Report
The wait-&-see method is not going to keep your trucking business profitable. You have to get smart about forecasting what you need to operate and turn a profit. You already have the information you need to forecast your profit per mile for at least the next 6 months. Six months might be a little overzealous, so let’s scale it back and explain how to create a profit forecast for three months (January, February, and March).
The easiest way to increase profit is to cut back on costs, but you can also try increasing your rates. If you had a full year of safe miles, positive customer feedback, and passed every inspection, then you have some great negotiating tools to increase your rates and generate more income.
Business Management Breakdown | Figuring Cost Per Mile
Business Management Breakdown | Revenue Per Mile