Here is How You Can Generate Higher ROI with Your Fleet of Trucks

In the Indian transportation industry, trucks are dominant amidst road transport. A good proportion of inland freight volume gets transported through trucks only. For transporters who own a fleet of small and big trucks, it is very important to keep a check on the revenue generated. After all, they do not want to continue running their business in loss.

If you are also a transporter and are facing difficulties in maintaining the profits related to your business, here are few things you can do -

1. Measure the Key Performance Indicators (KPIs)

A lot of small and medium scale transporters in India follow the traditional ways of doing the business, without measuring the key performance indicators. These include the cost of resource employed, insurance, repairing asset wear and tear, running expense etc. By measuring these KPIs, you will get to better understand how to improve your business productivity and earn more.

2. Register at an Online Marketplace for Transporters

It can happen that your trucks are standing idle, with no goods available to be transported. If you see it in terms of ROI, you may face losses. For better returns, you can get yourself registered at online marketplaces for transporters. You may even find mobile application backed by these marketplaces. This way, business owners can book or hire a truck online and pay you for the services you offer.

3. Focus on Per-Truck Revenue

One way to improve your profitability is to make sure each one of your trucks are getting fully loaded with goods. If you do not have enough goods from one client, you can consolidate packages from different clients together and follow a route to deliver them all in the round trip. This will reduce the running cost, while also giving you higher profits.

As a transporter, you need to understand that you won’t be able to run your business in loss. So, work upon improving your business productivity by doing these few important things.

3 Benefits of App-Enabled Freight Platforms

There are three main entities in the trucking industry – the owner, the customer and the driver. And with the traditional methods of trucking, the tasks would get a lot cumbersome and time-consuming for all the individuals involved. But with the introduction of trucking applications, the entire business management has now become a lot simpler and convenient. Following are some of the major benefits that an app-enabled freight platform offers:

Real-Time Tracking

With mobile applications, tracking the driver and truck in real-time has become extremely easy. One can easily look for the exact location of the driver from the admin panel and know the estimated time of arrival. Also, since the routes are predefined and the speed limits are already set, one does not have to worry regarding their freight and load. Plus, each and every detail will be mentioned on the app, such as bills and gas refill costs, which will bring in further transparency.

Improved Efficiency

Since app-enabled freight platforms utilize software that automatically connects the customer and drivers who are looking freights and loads to be delivered in the same location. Also, multiple loads can be loaded in a single truck if the loads have to be moved in the same direction. This makes sure that the truck utilized in a better way while also increases the profit margins.

Customer Satisfaction

Good customer service directly implies to stronger goodwill in the marketplace. Since employing an app-enabled freight platform can provide a much simpler way of booking and tracking trucks and even get proof of delivery, it simplifies the entire process and provides a much better experience to the customers. This, will not only help the business retain the existing customers, but also attract new ones which will help the business grow and flourish.

These were some of the benefits of app-enabled freight forwarders that aid in finding freight forwarder and improve the truck booking process for the customers. Also, being one of the greatest innovations in the trucking sector, it will prove to be a highly lucrative step for businesses like lorry and cargo transporters.