Released June 12ᵗʰ
We're excited to announce significant updates to our asset financial reporting capabilities, designed to improve the way carrier and hybrid tenants view and analyze their asset financial data! This release includes comprehensive modifications and new features that enhance usability and provide deeper insights. Please note that this version only supports truck asset types.
These enhancements are designed to provide a clearer and more comprehensive view of your asset financial data, improving both high-level summaries and detailed analyses. We believe these changes will significantly improve your reporting experience and help you make more informed financial decisions.
The Summary Financial Report provides a high-level overview of revenue and expenses related to assets such as trucks, drivers, and dispatchers. This report aggregates data over a specified period, allowing users to quickly understand the financial performance of their assets.
Column names have been updated to provide clearer descriptions and improve user understanding.
| Old | New | Description |
|---|---|---|
| Tolls | Toll Amount | Displays the corresponding toll amount for all toll transactions that meets the specified date range and truck filter criteria. |
| Fuel | Fuel Amount | Per truck, display the fuel transaction amount that falls within the date range filter. Only include fuel transactions where an OwnerOp has a fuel card on a truck profile, a fuel card provider links a valid truck number, or a user manually updates a fuel transaction to link to a truck number. |
| Empty miles % | Deadhead % | The deadhead percentage for all transactions, calculated as (Empty Miles divided by Total Miles) multiplied by 100, for the specified date range. |
| Customer Accessorials | Billable Accessorials | Customer billable accessorials for all trips within the specified date range for the truck. |
| Payable Accessorials | Driver Accessorials | Driver accessorials for all trips within the specified date range for the truck. |
| Linehaul | Driver Linehaul | The total line haul for all drivers across all transactions. |
| Total RPM | Rate Per Total Mile | The rate per total mile for all transactions within the specified date is calculated as Revenue divided by Total Miles. |
| Loaded RPM | Rate Per Loaded Mile | The rate per loaded mile for all transactions within the specified date is calculated as Revenue divided by Loaded Miles. |
| No. Trips | # of Trips | The total number of trips within the specified date range |
| Loaded/Empty Trips | # of Loaded/Empty Trips | It displays, out of the total trips within the specified date range, which trips are revenue (loaded trips) and which trips are non-revenue (empty trips). |
| Net Profit | Gross Margin | The gross margin for all transactions is calculated as revenue minus expenses. |
| Gross Revenue | Trip Revenue | Gross revenue is calculated as the sum of the trip value and billable accessorials. |
| Total Trip Expenses | Total Expenses | The total expenses for trips, inclusive of factoring fees, e-check expenses,linehaul, and accessorials for Driver 1, as well as linehaul, accessorials for Driver 2, and the payable amount for the owner-operator. |