Trincon Group has announced a major update to its TruCosting software package. TruCosting is a cost modeling application that integrates a fleet’s operating and financial systems to enable management to more accurately and easily identify their true cost of operation, price loads more effectively, and improve profitability.

Originally released in 2010, TruCosting has been updated to add more comprehensive business intelligence and reporting capabilities. It has also been optimized to make it available for either in-house installation or to be run in a subscription SaaSenvironment.

• New reports are available to identify which lanes or customers are most profitable; identify all the costs and revenue associated with a load, customer, terminal or lane; and identify where there may be opportunities for increased profit.

• The business intelligence capabilities allow management to measure performance based on established Vital Signs (KPIs), and optimize resources by enabling detailed analysis prior to making critical business decisions.

• Expanded pricing capabilities will allow for more effective and consistent load pricing across the entire organization.

• In conjunction with the release of TruCosting, and based on over 30 years of industry experience, Trincon will be holding a series of executive webinars early in 2014 to focus on key business issues facing the trucking industry.

The new TruCosting release has been beta tested at a variety of clients and is currently available for general distribution.