3 Powerful Ways Haulage Companies Can Improve Profitability}

Filed under: Transport Logistics — @ 1:59 am, June 4, 2017.

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3 Powerful Ways Haulage Companies Can Improve Profitability

by

Norman Dulwich

Haulage companies are under constant pressure to improve profitability or perishespecially these days when competition is fierce and not paying attention could land you up in the red. Thankfully, there are some sure-fire ways to make your business footing more stable and solidify your profitabilityand even improve it. Make a start with these three golden rules.

Keep your employees conduct in check

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Running a business requires macro- and micro-management, and the successful operation of haulage companies is no exception. If anything, running a cargo logistics business may be more demanding in terms of personnel and operations monitoring than many othersits very easy for your truck drivers, for instance, to waste fuel and time and thus cost you much more than necessary. Thats why a vital part of increasing your profitability is not only making sure your employees are doing what they are supposed to do, but also ensuring they are willing to go the extra mile to achieve customer satisfaction. Successful companies achieve this by inculcating a service-oriented corporate culture in to their daily operations. You can start by implementing systems that monitor employee behaviour, accompanied with a just reward and penalty system that encourages good behaviour and discourages bad.

Upgrade your technology

In todays world, allowing your business to lag in terms of technology can spell doom. Our modern lives are technology-intensivewe use gadgets constantly throughout the day, including web-based services to connect and check on one another. Thats why, for haulage companies, its a must to ensure they are using the best technologies. This is especially important for communication (to communicate efficiently with haulage drivers on the road); management (financial software and database tools); and location-based services (GPS). The upside is that there are a lot of free or very cheap software tools and apps that businesses can use. Keep in mind, however, that the whole point of effectively using technology is to increase efficiency and, therefore, profitability. If you can do a job faster, without wastage, imagine how it can translate into the bottom line?

Clean up your customer database

Like any other businesses, haulage companies depend on a steady flow of customersand retaining them is the Holy Grail. But as management gurus often point out, the very moment customer data is put into your database it starts to become out-dated. The simple fact is that you need to continually update your database, and you can do so by keeping tabs on your customers. Call them up or send them an email to ask them how theyre doing, and slip in a marketing promotion while youre at it. This simple strategy is twofold: it confirms the customers contact details are still valid, and youre able to promote whatever new feature or service youre offering.

Norman Dulwich is a correspondent for Haulage Exchange, the world’s largest neutral trading hub for

haulage companies

in the express freight exchange industry. Over 2,500 transport exchange businesses are networked together through their website, trading jobs and capacity in a safe ‘wholesale’ environment.

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3 Powerful Ways Haulage Companies Can Improve Profitability }