TruckRight Insight

Calculating the ROI for Online Training

Webinar: Calculating the ROI for Online Training

You’re implementing (or considering) online training, and you need to put together a business case that shows the investment will pay off. But how to do that? It’s rarely as simple looking at crash or violation costs, so where do you start?

This session will explore the challenges of calculating ROI for training projects in general, and provide some specific tips related to online initiatives.

Topics include:
  • How much does the status quo really cost?
  • What training can and can't do
  • Reasonable expectations
  • Considering the bigger picture
Tuesday, July 11  - 1:00 p.m. Eastern Time

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Webinar: New Features and Best Practices to Streamline Your Training

Webinar: New Features and Best Practices to Streamline Your Training

This quarterly session will review system functions, lesser-known tricks, and recent additions with an eye toward helping administrators make the most of the CarriersEdge Learning Management System.

The June session will focus on recently added enhancements and will also include an open forum for questions.

Topics include:
  • The connection dropped, now what?
  • Reporting best practices and recent changes
  • Assignment automation
  • New features coming soon
Tuesday, June 20 - 1:00 p.m. Eastern Time

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TruckRight pleased to be host sponsor of WFBCON once again

TruckRight is pleased to be a host sponsor once again for the WorkForce Builders Conference.

This conference is taking a fresh look at human resources issues within the transportation industry and is designed to address recruiting and engagement, fleet management, hiring, related best practices and strategic ideas.

This year’s topic “More than Recruiting and Retention: HR Strategy” will shape a targeted three days of conversation and solutions.

We look forward to being part of the conversation that moves the industry forward on these issues.

Visit http://www.truckload.org/WFBCON-HOME for more information. Follow the conversation using #WFBCON17.
free e-learning webinar

Webinar: Using Classroom and Online Training to their Full Potential

You’ve been doing classroom training for ages, but now you’ve got online added into the mix as well. Understanding when to use each delivery method is more than just a question of scheduling – they each have strengths and weaknesses, so finding the right balance can make a huge difference in the success of your programs.

This session will help you find that balance by comparing the different approaches and exploring ways they can work together.

Topics include:
  • Where each method shines
  • Improving effectiveness through blended learning
  • The 1-2 punch
  • How knowledge testing fits into the equation
Tuesday, May 9, 2017  1:00 p.m. ET

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Associations

TruckRight Packages
Recruiting ROI Comparison

Number of Trucks


TruckRight Enterprise $6.50

- TruckRight Pro $3.90

Truck Revenue/Mile
Maintenance/mile
Driver wage/mile
Benefits/burden cost %
Truck fuel usage mpg.
Fuel cost/mile
Profit/mile
Profit Loss from One Parked Truck
Average miles/day
Day cost of truck parked
Profit Loss from All Parked Trucks
Number of trucks parked/day
Total cost of parked trucks/day
Average parked truck savings (in days) from using TruckRight

TRUCKRIGHT ENTERPRISE MONTHLY SAVINGS
$1,087.11

TRUCKRIGHT PRO MONTHLY SAVINGS
$1,087.11

*Based on averages/month

Paper-based Filing
How much do you spend on paper-based filing?

Number of Trucks


Staffing
Benefit/burden cost %
Staffing cost/hour
Minutes/hour
Staffing cost/minute
Retrieving
Number of files reviewed/day
Time to review each file (minutes)
Average work days/month
Staffing cost/minute
Cost to review employee files
Handling
Preparing and filing time/document (minutes)
Number of documents/file
Staffing cost/minute
Staffing cost/month
Misfiled
Time spent finding a file that has been misfiled
Staffing cost/minute
Retrieving misfiled files
Storage
Floor space in sq/ft needed for one filing cabinet
Building occupancy price/square foot
File storage costs
Offsite storage cost
Storage cost
Faxing and Courier
Time to fax and retrieve documents (minutes)
Staffing cost/minute
Daily courier usage
Cost of courier usage
Work days/month
Faxing and courier costs/month

PAPER-BASED FILING IS VERY COSTLY $1,087.11

*Based on averages/month

Screening ROI
How much do you spend on screening drivers per hire?

ROI: $1,087.11
Total Annual Savings*


D.A.D Services
Total number of drivers in your fleet
Turnover %
Number of drivers screened per hire
Cost/month
Company Costings
Staffing hourly rate
Benefit/burden cost %
Total number of drivers in your fleet
Turnover %
Number of drivers screened per hire
Cost/month
Faxing and Courier
Time to fax and retrieve documents (minutes)
Staffing cost/minute
Daily courier usage
Cost of courier usage
Work days/month
Faxing and courier costs/month

TOTAL ANNUAL SAVINGS $1,087.11

*Based on averages/month

Compliance
How much do you spend on non-compliance?

Litigation Calculator


HOW MUCH ARE YOU WILLING TO RISK?

The true cost of an accident can be staggering. Besides direct costs, indirect costs like poor publicity, lost clients and lost productivity can take a toll. The average cost for a truck accident is $148,279, not including litigation. It would take an additional revenue of $7,413,950 to pay the accident costs, assuming an average profit margin of 2%. A study of over one million lines of data on truck violations discovered that over 28,000 trucking companies, representing over 200,000 trucks, operated with safety violations. The Federal Motor Carrier Safety Association’s (FMSCA) settlement for non-compliance was $36,262,097 in 2014 with an average fine of over $7,000 per case.