I’m Caleb Thompson, a business development officer over at eCapital, and I’ve got a quick financial tip for trucking companies. Know your cost per mile. Your company’s unique cost per mile is going to represent the fixed and variable costs that it takes to perform a service, cover overhead and cover some of those over the road expenses. Cost per mile is essential to establishing a rate per mile that’s going to produce a profit.
Be sure to recalculate your cost per mile on a regular basis, which is easy to do over at eCapital.com with our free cost per mile calculator. Click the link and don’t hesitate to get started. Please reach out if you have any questions. You can count on us.
An accomplished financial advisor with nearly a decade of experience in the transportation industry, Caleb has a strong track record of supporting the financial success of both owner-operators and fleets, making him a trusted expert in his field. His extensive knowledge of the trucking industry and financial expertise give him a unique perspective on cash flow management. He understands the challenges faced by businesses and has the skills to provide invaluable insights to help them improve their financial performance.
Caleb is a graduate of the University of Central Oklahoma, where he earned a bachelor’s degree in international business. When he’s not helping clients succeed financially, Caleb loves spending time with his family in his hometown of Oklahoma City.
Overall, Caleb’s expertise, experience, and commitment to his clients make him an exceptional partner and an invaluable asset to the alternative finance industry.
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