It’s that time of year when I review my KPI’s (Key Point Indicators) that I’ve tracked each month.  At the end of each month, I tally up the following:

  • Miles driven
  • Revenue
  • Revenue per mile
  • Average fuel cost
  • Average fuel mileage
  • Fuel cost per mile
  • Cost to operate
  • Profit
  • National Fuel Price Average
  • Nights away from home

Throughout the year, I am focused on the day to day operations and refining the processes involved in being a successful trucking company.  At the end of the month, I review the KPI’s to make sure I’m hitting my mileage goals and trying to meet my revenue goals.

At the end of the year, I have a much bigger view of the data spread across 12 months of varying market conditions, weather challenges and fuel price swings.  After I calculated my KPI averages for 2017, I discovered some interesting things: 

  • My revenue per mile increased .02 from 2016, but still down from 2015
  • My fuel cost per mile for the year averaged at .31
  • My fuel mileage average for the year was 7.7 mpg

Start 2018 off right by maintaining good records and tracking the important metrics in your trucking business each month.  Remember, that which gets measured gets improved.

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January 11, 2018 19:48:56 PM

My name is KARLA LOVELL from Texas in the USA. For a very long time, i was deep into financial mess untill a friend of mine told me about CONSUMER LOAN FIRM and how she was helped by the company with an Xmas loan at a very low interest rate of 2% and better repayment schedule.She further stressed that they can help me out of my financial difficulties too.Though i never believed her because i have tried lots of BANKS/CREDIT lenders who could not help me out because of my poor credit score.She advised i should give it a try to be convinced,so i mailed them via consumerloanfirm@gmail.com .Behold it went well and after my explanation, they took me through the loan process and granted me the $67,000,00 as applied with ease on 26th of October 2017, i have a business of mine and my xmas bills became very much easy.

January 11, 2018 19:44:33 PM

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About Joey Slaughter

Joey Slaughter is the owner of Blue Ridge Transport, LLC. Joey has been in the trucking industry since 1992.

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