The Business of Independent Service Provider Contracting

What A Long, Strange Trip 2022 Has Been - Where Do We Go From Here?

Posted by Jeff Walczak on 12/27/22 8:41 AM

By any measure, it’s been, and continues to be, a challenging time to be running a transportation business. However, as we often see, there are many opportunities that present themselves during challenging times.

As we look ahead to better times in 2023, it’s important to take a look at where we are currently at and how we got here so that we avoid mistakes of the past.

Our current situation is rooted in the events of 2019. This period introduced the density-stop / ecommerce push from FedEx Ground. As ecommerce deliveries gained traction and increased in number, they fueled the deterioration of contractor per-stop operating margins.

As you know, ecommerce stops are paid at a lower rate and typically include fewer packages per stop vs. commercial stops, resulting in a stealthy revenue per stop decrease across your entire business.

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Topics: Business Planning, Bookeeping, Management, Business Metrics, ISP, Business, Money, Cash flow, Inflation, Costs, Financial, Margins

Is The Service Provider Financial Crisis Getting Worse?

Posted by Jeff Walczak on 5/1/22 11:56 AM

By now, it’s easy to see that everyone’s operating margins are being seriously squeezed.

In an effort to force some sort of helpful response, some made a plea to FXG asking for assistance in various areas to solve a worsening financial situation. 

Trust us when we say that FXG is very aware of the plight of CSP & TSP’s.

But now, there is another added challenge that has reared its head. This one, along with inflation not seen for generations, is going to create some unprecedented financial problems that will test even the best operators…

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Topics: Business Results, Bookeeping, Training, Intelligence, Business Metrics, Negotiation, Profit, consulting, Money, Cash flow, Inflation, Costs, recession, expenses, renegotiation, Financial, Rates

eTruckBiz Just Got Better - Unveiling The New Platform

Posted by Jeff Walczak on 11/15/20 1:22 PM

For more than 8 years, we’ve been building products & services to help CSP’s transform the way they approach running their businesses.

Recently, the FXG model itself has been transforming in unprecedented ways. For most CSP’s , the days of being a “hands-on” operator are gone, and the need to provide leadership & management through systems, processes and people are quickly being implemented. The days where you or your BC’s could “jump in a truck” to fix things are gone.

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Topics: Business Structure, Business Tools, Business Planning, Timekeeping, Bookeeping, Intelligence, Business Metrics, ISP, FedEx Ground, Business, Negotiation, model, Metrics, Profit, leadership, safety, coaching, Scheduling, Dynamic Route Optimization

Tracking Financial Results Like FDX

Posted by Ben Weil on 9/20/20 10:02 AM

Did you read FedEx’ Quarterly Results issued last week? The financial news outlets wrote absolutely glowing reviews.

Yahoo! Finance headline declared, “FedEx Corp. Reports Strong First Quarter Results” while Barron’s headline gushed, “FedEx Destroys Earnings Estimates. Things Are Getting Really Good.”

Reading further down the page you’ll find, “Operating results increased due to volume growth in...U.S. domestic residential package services, yield improvement at FedEx Ground..., and one additional operating weekday.”

Could Yahoo! Finance and Barron’s write the same headlines about your last three months? You don’t issue forecasts, but if you did - would you be blowing it out of the water, too? If not, why not?

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Topics: Business Tools, Business Planning, Business Results, Bookeeping, Business Metrics, FedEx Ground, Investment, Profit

Brilliant! Bookkeeping and Payroll To Make Life Easier and Smarter ISP Negotiation Possible

Posted by Jeff Walczak on 11/22/15 10:31 AM

Finally, it has arrived!

By overwhelming demand, we are introducing a new set of services from the highly experienced folks here at eTruckBiz, that will without question, make your life and business easier to manage, while producing information you need to conduct a more meaningful ISP negotiation.

We can now take some of the most burdensome chores out of your busy hands, so your can MANAGE your business,  instead of spending hour after hour doing "busy-work". 

Our new services produce not only the usual information you need for accounting and taxes, but turn this data into contractor-specific information that you'll use to get new, powerful insight into your FXG business.

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Topics: Business Tools, FedEx, Bookeeping, Payroll

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