With the economy still struggling, trucking companies need to find ways to improve their profits.
Knowing a company's financials is imperative, but understanding a company's costs is a concrete way to increase profitability.
The Truckload Carriers Assn.'s (TCA) Truckload Academy will address this issue at a special seminar called "Cost Accounting for Efficiency & Profit," scheduled from 8 a.m. to 4 p.m. on Wednesday, Oct., 16, at the Embassy Suites Hotel in Greenville, S.C.
The one-day seminar, which is targeted for chief executive officers, financial and operations officers, and any employee involved in the day-to-day financial operations, is co-sponsored by the South Carolina Trucking Assn., the Georgia Motor Trucking Assn. and the North Carolina Trucking Assn.
Topics to be discussed include understanding the difference between financial and cost accounting; making meaningful links between accounting systems and business operations; determining the business volume needed to break even; and calculating vulnerability to changes in costs and other variables;
Also, why cost items should be itemized based on the activity performed, not the output; how to cost a load; examples of loads and their actual cost; and cost impact of changes in miles, load density and stops.
The fee to attend the seminar is $395 for the first registrant from a company and $199 for each additional registrant. Additional registrants must be employed by a company that is a member of either the Truckload Carriers Assn. or the state trucking associations of South Carolina, North Carolina or Georgia. Cost for attendees who are not members of one of these organizations is $495 per person.
Complete registration information, including hotel information, is available at www.truckload.org/events/seminars.htm. Or contact Virginia DeRoze at (703) 838-1950.