The trucking and logistics business is lucrative. Many people worldwide have joined this business, while plenty of others are exploring the potential. Undoubtedly, the type of transportation service you choose to provide does impact the profit margin, but the perfect implementation of things, smooth process, and better management will have its additional benefits.
However, the thing we are going to discuss in this article is not how to start a transportation business, but a couple of industry terms that most transportation and logistics business operators ignore and that prevent them from saving thousands of dollars. We are talking about drop and hooks and live loading terms. Your truck or big rig drivers’ time does not spend driving alone but rather waiting around while the trucks or rigs are being loaded or unloaded. They seem to be a process, but did you know you can do away with this and save a lot of time, fuel, and operational costs?
All it requires is you understand the terms well and know how to solve them. So, we are here with a perfect solution to help you increase your profit margin significantly. Let’s understand these terms first.
