MISSISSAUGA, ON – Maximizing profitability in an industry where margins can be thin comes down to just one thing: time.
Panelists at the Surface Transportation Summit had differing views about where fleets could make the best use of their time to convert it into dollars and cents, but both agreed that the old adage is true: time is money.
“Time in trucking is a perishable commodity,” said Brian Abel, a freight network engineer for KSM Transport Advisors.
Abel and fellow panelist Mike Buck, president of MCB Management Consulting, spoke about different ways fleets could save time by being proactive and rooting out waste.
Buck presented ways fleets could capitalize on being proactive about maintenance, creating a schedule that would mean less downtime, would control costs, and would maximize the efficiency of equipment.