Truckload Profitability
Seminars Back By Industry Demand
Seminar To Be Held In Dallas, Atlanta and Chicago
Alexandria, Virginia – The Truckload Carriers Association, in response
to the industry’s needs, is pleased to announce its 2004 spring series
of the "Truckload Profitability Fundamentals Seminar" to be held
in Dallas, TX, Atlanta, GA, and Chicago, IL. The truckload segment of the industry
has always been a complex business model, plagued by high driver turnover. Now
with the hours of service issues, the time at the docks, and increase in 3rd
party logistics, this problem has been exasperated. It is imperative that truckload
carriers know their costs and evaluate their rates properly. This hands-on seminar
will show trucking executives how to build a truckload Financial Statement that
will serve as a foundation for benchmarking and improving profitability. It will
also answer questions including: how do you determine profit centers; how do
you allocate costs, revenues, people, miles, loads, etc.; how do you begin benchmarking
and conducting comparison analysis to industry leaders; and how can you apply
the truckload profitability fundamentals to your own company?
Decisiv, Inc. and Jack Porter, outside consultants,
who also moderates TCA’s
Benchmarking 20-Groups, will moderate this seminar. Mr. Porter will give participants
examples of truckload industry averages and a better understanding of what key
factors will show you if you are making a profit. Mr. Porter has been working
for the past year and half with some of the industry’s leaders within the
TCA benchmarking program to develop these key factors. Confronted with the industry
challenges of higher profitability, TCA and Decisiv have developed a Uniform
Financial Statement, a Financial Composite for Benchmarking, and a Best Practice’s
program for TCA members, this uniform truckload financial statement fits all
carriers, whether you have ten trucks or in the thousands.
Clifton Parker, Chairman of TCA and President of
G & P Trucking Co., Inc.,
explained, "I believe the sooner we begin a uniform financial measuring
process we will begin strengthening our industry. ‘Truckload Profitability
Fundamentals Seminar’ is the first step." The Truckload Profitability
Fundamentals Seminar will be held on March 30, 2004 in Dallas, April 8, 2004,
in Atlanta, and June 15, 2004 in Chicago. Those who want to gain a working knowledge
of the benefits of cost and revenue segmentation within the truckload industry
should not miss this exciting and informative opportunity! Register by calling
TCA at 703/838-1950 or visiting http://www.truckload.org and click on "Events" to
download a registration form.
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