Transport, Logistics, Supply Chain Commentary

Why do trucking spot rates change daily?

Kevin HillApril 10, 2020Freight Market Blog

Trucking spot rates are the matching of real-time demand with real-time capacity on a daily basis.

How to Calculate Gross Fuel Expense per Mile

Fergus CaldicottApril 9, 2020Freight Market Blog

Fuel represents the second largest expense for any trucking operation (behind driver compensation). In fact, fuel can eat up 25% or more of the revenue generated by a carrier, or … Read More

Why Class 8 orders are a lagging indicator of freight demand

Mike BaudendistelApril 9, 2020Freight Market Blog

Class 8 trucks, otherwise known as heavy-duty trucks, are the trucks that can haul more than 33,000 pounds and include all trucks that have a tractor-trailer. Demand for Class 8 … Read More

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Carrier
Shipper
Broker

Number of trucks*

Miles per day per driver*

Average rate per mile*
Cost dollar amount as a number (Ex: 1.65 for $1.65)

Number of loads per week*

Average cost per load*
Cost dollar amount as a number (Ex: 100 for $100)

Number of brokers*

Loads per broker per day*

Average margin per load*
Margin dollar amount as a number (Ex: 100 for $100)

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.