6 Money-Saving Tips for Small and Mid-sized Trucking company

If you are someone running a small-sized trucking company or mid-sized trucking company, you know tight profit margins and increasing expenses can put your company’s health at risk. While profits dramatically fluctuate with capacity, expenses can be controlled for the most part. This post will walk you through the five money-saving tips for small-sized trucking companies and mid-sized trucking companies.

1. Eliminate the fax machine

Like VCRs and corded telephones, fax machines will soon be termed outdated technologies. Most shippers and load brokers are discontinuing the use of faxes due to the machines’ limitations and lack of efficiency and productivity. Fax machines also come with residual costs for paper, cartridges, and an extra phone line. This is one of the great opportunities to modernize your company’s operations and utilize more efficient cloud-based technologies and mobile apps.

   2. Use technology for load tracking​

There are many options for load tracking in transit. The shipper you are hauling for may require you to use one of the load tracking options. A better alternative is using mobile technology to track your loads at no cost. 

    3. Reduce paperwork

Another way to use technology to minimize your costs is to submit load paperwork directly to your freight broker using some type of mobile technology. Faster paperwork means you get paid faster.

   4. Leverage wireless discounts

It is obvious that mobile technology requires you to have active access to reliable wireless service. Take full advantage of wireless discounts available through your broker’s carrier service programs and free wifi available at many major truck stops.

   5. Anticipate trucking industry regulations

Nothing in the trucking industry stays the same — changes, alterations, and new regulations are being proposed and incorporated all the time. 2020 started with five new regulations that affected the industry. What changes will take effect in 2021 is still a big question as a new White House administration will certainly make its mark on transportation. Generally, Democrats tend to be more supportive of regulations, especially environmental and safety rules.

   6. Work smarter, not harder

As an owner-operator, you need to get out of the company driver mindset. You need to start working smarter so you can earn even more. To do that you need to stay away from cheap or less-paying loads that require you to drive more deadhead miles. As an independent trucking business owner, it is you who needs to find loads that allow you to drive less, yet pay the same amount of money. The benefit is fewer miles are driven so less money is spent on fuel, less stress on your truck, less time working, and more profit in your pocket.

That was all about the 6 money-saving tips for a small and mid-sized trucking company. We hope you got to learn these best yet most common money-saving tips for trucking companies.