Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

SmartHop Releases Second Edition of Monthly Profitability Report

Inclusion of new profitability data improves effectiveness of report in helping carriers make smarter load booking decisions

SmartHop Releases Second Edition of Monthly Profitability Report
Supply Chain Xchange Staff
By Supply Chain Xchange StaffSep 21, 2023
Supply Chain Xchange Staff
See Full Bio

SmartHop, an advanced freight booking and fleet management platform, today released the second edition of its Monthly Profitability Report. This proprietary report is a resource aimed at small fleet owners and dispatching services that provides insight into optimizing load booking for fleet profitability.

This month, SmartHop improved on their first report by making three additions:
The report now includes data on hot markets and lane profitability for flatbeds, in addition to dry vans and reefers (which were included last month)
The report now includes three-month trend graphs, showing how lane profitability has changed over time. Readers can use this data to make predictions about the direction that lane profitability will move
The report now includes fuel cost data from the U.S. Energy Information Administration. Fuel is one of the largest costs for fleet operators, so has a large impact on profitability.

SmartHop’s Monthly Profitability Report analyzes millions of spot market loads from 70 U.S. markets to highlight the most profitable markets and the percentage of lanes that would have led to profitable trips from the prior month.

“We’re excited to launch our second Monthly Profitability Report with some improvements that make it more useful to carriers and dispatchers. With these updates, flatbed fleets can find data that applies to their operation, readers can get a better idea of how lane profitability has changed over the last three months, and we’re starting to add information that shows how rising fuel costs align with lane profitability trends,” said Guillermo Garcia, SmartHop Co-Founder and CEO. “Look for more updates to this report over time as we learn more about how to best support our customers and the industry.”

Carriers and dispatchers can use the SmartHop Monthly Profitability Report to better understand recent trends, make more accurate forecasts, and learn load booking strategies to ensure their fleets are operating profitably.

Read SmartHop’s Monthly Profitability Report by visiting www.smarthop.com/profitability-reports.

About SmartHop
SmartHop was launched in 2020 to help small fleets and independent dispatching services grow their businesses. The company was built by truckers, for truckers, and has a single platform that combines the functionality of multiple point solutions. With SmartHop, operators can accomplish and automate the manual tasks that used to require a separate load board, TMS, factoring company, and fuel card provider. SmartHop’s added layer of market intelligence helps users make better decisions faster. The result for customers is hours back, increased profitability, happier drivers, and improved cash flow.

For more information, visit: www.smarthop.com.

https://www.smarthop.com/profitability-reports
Industry Press RoomTransportationMoveTechnologyState of Logistics ReportTrucking
smarthop
Industry Press RoomTransportationMoveTechnologyState of Logistics ReportTrucking
smarthop

Recent

More Stories

NobleLift

Noblelift 2024 Dealer Meeting

NOBLELIFT® North America Hosts its 2024 Dealer Meeting

Des Plaines , Illinois – NOBLELIFT North America, a global leader in Lithium-iron technology and a manufacturer of a comprehensive range of high-performance, low-maintenance manual, electric, and internal combustion material handling equipment, hosted its 2024 Dealer Meeting at the Embassy Suites in Rosemont, Illinois, just miles from their Illinois headquarters in Des Plaines, Illinois.

Over ninety participated in this year’s bi-annual dealer meeting which lasted two days. Day one of the program included presentations and training on various subjects such as NOBLELIFT new products, NOBLELIFT lithium-iron technology, future plans, leasing/financing, marketing, aftersales tech support, parts, extended warranties, quoting software, and more. The dealers welcomed the opportunity to learn more about the company, share their feedback and ideas, and network with other dealers.

Keep ReadingShow less

Featured

weather map hurricane milton florida
Article

Florida measures the damage of Hurricane Milton

warehousing and distribution centers
Store

Signs of a comeback

SCX24_03_omnichannel_1200x800.jpg
Article

AI in omnichannel retailing: A revolution in the making

CSCMP EDGE 2024 Recap
Videos

CSCMP EDGE 2024 Recap

exxonmobile oil field with pumps in texas
Technology

Kinaxis and ExxonMobil will design supply chain planning tools

Randa Apparel & Accessories selects FORTNA to modernize Dallas-Fort Worth warehouse

Randa Apparel & Accessories selects FORTNA to modernize Dallas-Fort Worth warehouse

ATLANTA (Oct. 8, 2024) – Randa Apparel & Accessories (RAA), one of the world's leading fashion apparel and lifestyle accessories companies, today announced a strategic partnership with FORTNA, the leading automation and software company for the full logistics value chain, to modernize their recently acquired Dallas-Fort Worth 625,000 square foot warehouse. This collaboration aims to modernize the facility to meet contemporary demands, enhancing operational efficiency and productivity.

RAA, known for its portfolio of over 40 licensed brands and the recent acquisition of the Haggar brand, acquired the Dallas-Fort Worth facility as part of the deal. Faced with the decision to either move out of or upgrade the facility, RAA engaged with FORTNA to develop a comprehensive solution to keep operations local while addressing real estate constraints.

Keep ReadingShow less

Hub International announces strategic partnership with Mas Seguros to expand transportation cross-border capabilities

Chicago, IL, October 1, 2024 - Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, announced today an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance broker in Mexico. The partnership is a response to Mexico’s growing influence in the global economy and a reflection of HUB’s and MAS Seguros’ commitment to expanding its capabilities to better serve clients doing business throughout North America.

Due to changing global political relationships and policies*, there has been a significant move for manufacturing operations to Mexico, which comes with increased risk and insurance challenges when transporting goods cross-border. Organizations face regulatory compliance issues, crime, product damage, catastrophic weather events and accidents. Additionally, more transportation firms from Mexico are moving to the U.S. As a result, there is an emerging transportation and logistics need to manage risk and insure freight, property and assets while transporting goods into Mexico for manufacturing and then back to the U.S. and Canada.

Keep ReadingShow less
Hoptek Dispatch Engine

Xtreme Trucking selects HOPTEK’s Dispatch Engine® solution for real-time visibility and optimization of fleet operations

Charlotte NC, September 23, 2024 (McLeod User Conference ) – HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability.

Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage.

Keep ReadingShow less
EP North America forklifts

EP North America Debuts New Lithium-Ion Battery Powered Forklifts

Fort Worth, TX – September 10, 2024 – EP North America, a fast-growing, lithium-ion focusedmaterial handling equipment provider offering innovative and competitive options to the market, today debuted two new forklifts. The CPD45F8/50F8 and EFLA251 help warehouse and DC managers provide powerful lithium-ion solutions that will upgrade any fleet of diesel and LPG warehouse vehicles and are available today via EP North America’s dealer network.

“EP North America continues to expand its portfolio to solve a wider range of material handling applications, leveraging our unparalleled strength in lithium-powered solutions,” said Jason Bratton, general manager, EP North America. “Whether leading occasional or multi-shift operations, these lithium-ion powered solutions provide exceptional value, quality and dependability that we believe our dealer network and their customers have been looking for.”

Keep ReadingShow less
Copyright ©2024.