New study will analyze trucking expenses
Understanding the bottom line has always been an important aspect of business for fleet management owners. Recently, Tuskegee University and McLeod Software have been working together to conduct a study about how costs of equipment and material effect pricing chosen by trucking companies.
Experts hope to find ways that the trucking industry can streamline its business methods to reap the best possible outcomes for its services. The main focus will be comparing how fleet owners combine their mixed, fixed and variable expenses into their analytics of competition to decide upon how much their service should cost.
Professor George Edwards, who works for Tuskegee University and was a trucking executive in the past, says he is encouraging companies to participate so the findings can be accurate and helpful.
"This project will help participants better understand pricing and competition as components of profitability," he said.
The study will be beneficial to both the trucking industry and students who will gain knowledge from the data collection and experiments. All information will be collected anonymously so companies involved can be ensured of their company's trucking safety and security.
Thursday, July 21st, 2011
Understanding the bottom line has always been an important aspect of business for fleet management owners.