DAT load board users can now calculations in trucking the expected profits and losses of loads by entering their business expenses into the application. Company leadership says carriers can work out their daily operating costs in a matter of minutes. The app has launched a Profit Estimator tool designed to help carriers determine how profitable a load can be based on their own operating costs and goals. Accessible using the DAT One freight management system calculations in trucking. The Profit Estimator considers each carrier’s unique and essential operating costs such as insurance, fuel, and truck payments; its mileage and revenue targets; and the broker’s offer rate. It then calculates a baseline profit or loss for each load, according to a DAT press release.
The Profit Estimator is the best tool you could have for the business. To use the Profit Estimator, run a load search in the DAT One app. Tap one of the results and scroll down to the Profit Estimator section. Users can enter their costs and other variables to calculate an approximate profit for hauling that load.
DAT One users only need to set up the calculation once for the tool to automatically provide a baseline profit or loss for every load detail shown. It helps carriers work out their daily operating costs in a matter of minutes, which in turn will enable them to make more informed decisions and ultimately become more profitable. Knowing this information and having data for the week, month and year would be very valuable.
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