Why is financial management within a TMS crucial for trucking companies?
7/31/25, 12:05 AM
Why Tracking Profit Per Truck Is the KPI Most Fleets Ignore

Your fleet brought in $100,000 last month. Revenue looks solid. But three of your trucks are losing money, and you have no idea which ones.
This is the problem with tracking only total revenue. It hides which assets are profitable and which are draining cash.
Profit per truck is the KPI most fleets ignore. And it's costing them thousands every month.
Why Total Revenue Thinking Fails
Let's say you run 15 trucks. Total monthly revenue: $100,000. On paper, you're doing fine.
But what if the numbers actually break down like this:
10 trucks generating $8,000 profit each
3 trucks generating $2,000 profit each
2 trucks losing $1,500 each
You're still profitable overall. But two trucks are actively destroying value.
Why might a truck lose money?
Too many empty miles - deadhead eats profit fast
Low-paying lanes - consistently running cheap freight
Excessive fuel costs - driver behavior or poor route planning
Maintenance issues - constant breakdowns and shop time
Poor utilization - sitting idle more than moving
When you only look at totals, these problems stay hidden. You're averaging profitable trucks with money-losing trucks and calling it success.
What Profit Per Truck Actually Reveals
Tracking profit per truck shows you:
Which Assets Are Worth Keeping
Some trucks consistently make money. Others consistently lose it. You can't fix what you can't see.
Where Dispatching Breaks Down
If one truck runs profitable lanes while another runs unprofitable ones, that's a dispatch problem, not a market problem.
Which Drivers Perform Best
Two drivers. Same truck. Same lanes. Different profit margins. Why? Driver behavior affects fuel costs, on-time delivery, and detention charges.
When to Repair or Replace
If a truck spends half the month in the shop and barely covers its costs when running, the numbers tell you it's time to replace it.
How to Set Growth Benchmarks
Before adding truck 16, know what trucks 1-15 are actually earning. If your average profit per truck is $3,000/month, does adding another truck make sense? Or should you optimize what you already have?
This isn't just accounting. This is operations strategy.
Why Most Fleets Don't Track This
It's not that fleet owners don't care about profitability. It's that tracking profit per truck is hard without the right systems.
The Spreadsheet Problem
You could build a spreadsheet. Track revenue per load, fuel per truck, maintenance per month, driver pay, insurance allocation, and fixed costs.
Then update it manually every week. Cross-reference invoices. Pull mileage data from your ELD. Import fuel card transactions.
It's technically possible. But nobody actually does it.
Why? Because you're already busy running a trucking company.
The Disconnected Tools Problem
Maybe you have:
A TMS for dispatch
QuickBooks for accounting
Fuel card reports from a third party
Maintenance logs in another system
ELD data in yet another place
To calculate profit per truck, you'd need to manually pull data from all five systems, reconcile it, and build the report yourself.
Again, possible. But nobody has time for that.
The Real-Time Data Problem
Even if you could pull the data together, it's outdated by the time you finish. You're making decisions based on last month's performance, not this week's reality.
By the time you realize a truck is losing money, you've already lost thousands.
What You Actually Need to Calculate Profit Per Truck
To get accurate profit per truck, you need to track:
Revenue Per Load
Base rate plus accessorials. Detention, lumper fees, fuel surcharges. Everything that goes on the invoice.
Fuel Costs Per Truck
Total fuel spend allocated to each unit. Not fleet-wide averages.
Maintenance Costs Per Truck
Scheduled maintenance, breakdowns, tire replacements. All tied to specific trucks.
Driver Pay Per Load
Mileage pay, percentage pay, detention pay. Whatever your driver settlement structure looks like.
Mileage Per Load
Loaded miles, empty miles, total miles. Cost per mile matters more than total revenue.