There are some truck factoring terms the truck derivers need to know with help of the truck dispatcher our team is really to help you and assist you with the paperwork
Here’s an example of using round-trip as a working approach to increase revenue.
- The carrier’s route starts from California and ends in Massachusetts. The owner will have to travel approximately 3 thousand miles, and the price is $ 2.20 per mile, resulting in an amount of $ 6,600.
- Then the cargo is shipped from Massachusetts to Ohio. The distance is 400 miles at a cost of $ 1.30 per mile, and the profit is $ 520.
- The next direction of cargo transportation to Colorado is from Ohio. The distance between the starting and ending points of transportation is 1400 miles, which at a cost of $ 1.70 per mile will give you an income of $ 2380.
- The journey from Colorado to California ends. As a result, during a road-trip trip, the cost of the trip will be $ 11,240. In this case, the distance is 1200 miles, the price per mile is $ 1.45, and the total revenue is $ 1740.
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Now let’s compare the profitability of transportation from this method with the usual one:
- The first point does not differ in anything in both ways, so the income of the owners is the same and amounts to $ 6,600.
- Next, we in Massachusetts will take the cargo back to California, which, with a distance of 3000 miles and a cost of $ 1.20 per mile, brings the owner of the cargo $ 3600.
As a result, the total revenue for cross-country transportation is $ 10,200 and a person makes a profit of $ 1,040.
Analysis shows that a truck owner who chooses a direct flight back to California will receive $ 1,040 less revenue per round-trip. If the owner decides to make two trips within a month, the loss will be $ 2,080, and the carrier will lose $ 24,960 per year.
Even if the driver always transports goods to the same regions, it is worth paying attention to the possibility of using round-trips as a way to increase income. In order not to be disappointed in the results, you should be flexible and use all possible options for earning income, which will allow you to avoid disappointment, and also bring you several hundred. or thousands of dollars in income truck dispatch service
