Transportation Costing Group, providers of activity-based profitability and cost analysis tools for the transportation industry, announced today, April, 21, that Hiner Transport has adopted its Truckload Cost Information System (TL/CIS), designed to analyze customer profitability and lane selection by actual, real costs in a real-time manner.
“Our goal by incorporating TCG into our company is to have a more detailed, easily understandable flow of information to help us make the right choices for improved earnings,” says Paul James, president of Huntington, Ind.-based Hiner Transport. “Since TCG ties directly to the general ledger, we are able to analyze true costs and profits, and not just estimated amounts. This capability gives us a simpler, more effective way to look at our operations.”
TCG says its TL/CIS system will use data pulled in part from Hiner’s enterprise transportation software system, TMWSuite, to determine the costs and profitability of each customer, market and lane; that information then is tied back the Hiner’s financials to determine the exact bottom-line impact. The newly released interface to TMWSuite makes the data extraction relatively effortless to Hiner, according to Rockville, Md.-based TCG.
“By knowing exactly how much profit or loss was generated on each individual load, we can make effective plans for business improvement that can positively impact our bottom line, as a complement and extension to our load optimization software,” James says.