Actual Case # 2

An Omaha based truckload carrier operated 50 trucks. The company was having severe cash flow problems. They hired a consultant. The consultant heard from his accountant about the Carriernet Group Financial "Nickel per Mile Profit Program." The consultant met with the financial consultant.

A two phase plan was worked out. First CMS Truckwin Dispatch and Accounting system was installed. This enabled the company to prepare current, accurate and complete financial statements. The consultant agreed that factoring freight bills would provide a quick cash flow solution until operations could be improved.

Working with the financial consultant current, accurate and complete financial statements were generated from the Truckwin Dispatch and Accounting software. It was determined that the company was losing between 5 and 6 cents per mile. Working with the management information and ratios in the Nickel per mile Profit Program the company identified unprofitable transportation lanes and reduced expenses that would allow them to reach a cent per mile profit within 6 months. With profitability the company was then able to refinance its fleet of equipment with a local bank and reduce it's overall financing costs by an additional 2%.  That amounted to an annual interest savings of $80,000.

Within 12 months, the company was able to obtain an 8% commercial loan line of credit equal to 50% of average monthly freight bills. This generated another savings of $140,000. Within 18 months the company was consistently obtaining 3 to 4 cents profit per mile using the Carriernet Group Financial accounting and management systems.

Actual Case #1 | Actual Case #3