TruckRight Insight

Happy Digital Learning Day!

We love celebrating Digital Learning Day here at TruckRight. Our clients tell us that e-learning is a proven tactic that can help retention, onboarding and safety & compliance and we are more than happy to facilitate that through our software.

With such a mobile workforce, the trucking industry can really benefit from the flexibility of e-learning as drivers can take the training according to their own schedule and from anywhere.

According to research, every $1 put into e-learning results in $30 worth of work. (https://www.linkedin.com/pulse/why-e-learning-thing- right-now-anna-marie-a-?forceNoSplash=true) And knowledge retention from e-learning are 25 to 60%, compared to face to face training retention rate, which are 8 to 10% ( http://www.ttcinnovations.com/10-surprising-benefits-of-elearning/)

As e-learning provides more engaging and interactive content, those who train online learn nearly five times more material compared to traditional methods without increasing training time. (ibid) This type of learning has also been proven effective regardless of learning style, language skills or educational background.

E-learning allows for more individualized training based on specific needs rather than the needs of a large groups. This can also include corrective action tailored to the violation.

More traditional training provides uncertainty regarding compliance, while online learning handles this with ease. With online training, it is easy to ensure that all DOT regulations on training are met through customized reporting and automated assignment reminders.

Want to communicate directly with another human being?

We're here for you:   1.855.932.9323 | sales@truckright.com


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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.