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Why are KIs important to your business? We explain everything, from the metrics that matter the most to KI fleet management tips.
Keeping track of fleet management metrics is necessary in order to make objective decisions and improve performance over time. Tracking KIs is an important aspect of measuring efficiency and productivity and is integral to identifying problems and making corrections. Safety KIs, in particular, are essential to keeping your fleet running at optimum levels while ensuring minimal risk.
As you may know, FXG Contractors and their Managers have chosen eTruckBiz University for in depth training for almost a decade. Since our very first class in Huntsville, Alabama, we have received a tremendous response from those who understand the importance of continuous education. Thousands of hours have been spent updating, refreshing, and tweaking our curriculum. Why? Because it's critical to our customers' success.
Training your team is the same as putting fueling in your trucks. Without regularly filling up the tank, your people are running on fumes.
In fact, FXG requires continuous safety lessons, right? That's because statistics prove when training stops, people assume it's no longer important. Hitting your Service Levels requires fuel in the trucks. Staying compliant with your Agreement requires completed safety lesson. And making your business profitable requires essential, off-site training for your key people.
However, some AO's still want to know why this type of training is important, and, is there a return on this investment? That's a great question.
Well, here are 9 reasons why the question shouldn't be if I should send my managers to the University, but how soon can we attend?
It happens every year.
As the package volume builds, so do CSP / TSP stress levels, as well as the risk of an operation getting out of hand.
We surveyed a large number of our "veteran" clients to find out which tasks cause the most stress. Then, followed that up by asking how they alleviate the pressure and stress.
The results were interesting.
The good news is that the actions needed to relieve the stressors are easily accomplished and readily available.
In this uncertain time, it seems like there was one thing that was certain.
It appeared that stops and volume were marching forward, with no regard for the turbulence and difficulty that we were told surrounds us.
In a roughly 2+ year environment of growth, the rising revenue tide hid many tree stumps, and kept the good ship Contracted Service Provider sailing happily into the sunset.
All was well.
Until it wasn’t.
Recently, the volume has leveled off and in many cases, retreated.
This dip is not too much different from a “normal” summer, but this time, it hurts...bad.
Let’s look at why.
We recently caught up with two guys heavily involved with building successful transportation companies to ask for their insights into 2021.
The first expert is a long-time CSP from the Midwest, Tracy Taylor. The second is the founder and CEO of eTruckBiz, Jeff Walczak. Both have spent the better part of their careers in the FedEx Ground arena. We engaged in a fast-paced conversation to produce our most recent Truck Talk podcast episode.
Some of the insights may surprise you.
Topics: Business Structure, Business Tools, Business Planning, Training, Intelligence, Business Metrics, ISP, FedEx Ground, Business, Negotiation, Metrics, Profit, leadership, safety, coaching, Scheduling
This week’s blog is the first in a two-part series of posts by Bob Tiell, an eTruckBiz Coach, who resides in Lexington, KY. His experience includes years of operational management at FedEx Ground.
Goal Setting - Business Plans and Safety
Even though we're in the middle of peak, it's time to start planning our next twelve months. If planned well with the right goals set at the beginning of the year, we can make peak 2021easier and more efficient for everyone involved. If you haven't already started thinking about your 2021 goals, perhaps you'll find some helpful direction and starting points in this brief blog post.
Let's start with the likelihood that your company has grown throughout the years, and you’ve probably added supplemental routes. They then became full routes (after FedEx Ground approval).
Plus, you've probably added more drivers and a BC, or two, over the years. What's next?
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.
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
As we’re approaching peak this year, conversations with FedEx Ground Contractors reflect a sense of urgency caused by the expected increase in package volume. From California to the east coast, everyone is feeling the pressure. Rental trucks have long been reserved by others, new trucks are scarce, the competition for finding and hiring temporary drivers is tough, and the new pre-load technology is time consuming at best.
A common thread amongst FedEx Ground Contractors is the amount of time and effort required to handle everything that’s expected to stay compliant, safe and profitable. If you’ve been tracking our blog posts about time and task management, this is the third in a series.
First, we suggested tracking where your time is spent. From there, we looked at the likelihood that working seven-days a week has resulted in losing your identity. You’re known by your job.
Now, let’s examine how to improve your working situation.
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?
In the last blog post about time management, I recommended tracking your tasks. Did you? If you really want to fix an issue, you follow a process.
So, if you want to improve at managing your time and tasks, you gotta start with accurate facts. It’s the first step to discovering time to do things you'd rather be doing.
Now, it’s time for the next step.
Ever wished you could stop time? How about rewind time? Yep, you’ve had those thoughts. Your secret is safe with me.
The truth is our world spins around the sun in a cycle of light and dark we call days and nights. It's way beyond our control. Above our pay-grade as the saying goes. So, why do we think we can manage time?
A co-worker recommended a book written by Todd Duncan called Time Traps. Let me preface something right now, I haven’t read the whole book. I’ve skimmed the first few chapters. Gimme a small break, okay.
We recently hosted a webinar that obviously struck a chord with many Contract Service Providers (CSP’s). Attendance for the webinar was sizable. The topic was Dynamic Route Optimization, more well known by its acronym, DRO, which has understandably created a generous amount of frustration.
Today's blog post is brought to you by our friends at Lytx.
Implementing new processes can be challenging. And when it comes to implementing a new process for your business, time is money.
FedEx Ground now is requiring Contractors to outfit their vehicles with dual-facing Video Event Data Recorders (VEDRs), to implement a driver safety program to meet industry standards, contractual obligations and to meet three out of four Key Indicators (KIs).