McKelvey Trucking markedly improves profitability when using newest version of Financial I.Q. 2.0 trucking software to take the guesswork out of lane analysis.
Phoenix, AZ, —Fluctuating fuel costs, declining freight rates, increasing insurance requirements and escalating government regulations are all factors that make profitability assessment within the trucking industry critical to a trucking company’s survival. Recognizing the importance of customer rate profitability and staying abreast of current technologies is what has helped make McKelvey Trucking an industry leader for over fifty years.
Hoping to improve overall profitability when assessing potential and current customers, Dale Fink, CEO of McKelvey Trucking called on long time trucking analyst; Andy Ahern of Ahern & Associates for a solution. Fink found that solution in the latest release of Financial I.Q. 2.0 trucking software.
Financial I.Q. 2.0 transportation software is a windows based application which works directly off of the company’s actual financial statements to provide the user with keen insight on individual loads, shipping points, lanes, rates for bids, customers, round trips and equipment. When analyzing these individual segments, Financial I.Q. 2.0 generates a profit and loss statement that accurately details total revenues, total expenses, bottom line profit, profit percentages and operating ratios.
In addition, this version of Financial I.Q. 2.0 has an outstanding “what if analysis” capability for measuring the bottom line effect of any changes in rates, costs, productivity, miles per gallon and business volume.
Fink and McKelvey Trucking regularly use Financial I.Q. 2.0 to perform lane analysis when considering placement of a potential customer and to determine profitability. Fink explains, “Financial I.Q. gives us accurate analysis when we run a current or prospective customer through certain lanes; we can see if it’s profitable or not, then we can make adjustments.” Fink explains how they are able to make those adjustments, “It (Financial I.Q.) also gives us a handle on equipment by assisting us in determining who we put on certain loads; depending on the analysis, the software helps us decide whether we use an owner-operator or a company truck.”
Mark Gwynn, VP of McKelvey Trucking oversees the operation of Financial I.Q. 2.0 and knows its effects first hand. “Financial I.Q uses our actual company data to help us gain a better understanding of what types of costs are associated with our customers’ lanes and gives us the ability to rate accordingly—it’s a tremendous tool which has made a real impact to our bottom line.”
Financial I.Q. is profitability software customizable for all sizes of truckload, LTL and freight broker firms; a free demonstration can be found at http://www.ahern-ltd.com/offers/financialiq .
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com.
About McKelvey Trucking:
McKelvey Trucking is a Phoenix, AZ based truckload dry van carrier that operates within seven western states; primarily between Arizona, California and Nevada and has been in operation since 1957. With a fleet of over 200 tractors, McKelvey specializes in direct to store/customer delivery with Qualcomm-equipped tractors and drivers experienced in providing customers with the service their business demands. Utilizing the most current shipping technologies, McKelvey offers state-of-the-art EDI as well as Internet-based Track and Trace to aid customers in monitoring their shipments. For more information, please visit http://www.McKelveyTrucking.com .
Showing posts with label logistics acquisitions. Show all posts
Showing posts with label logistics acquisitions. Show all posts
Monday, March 22, 2010
Tuesday, February 16, 2010
Ahern and Associates Enters Into Agreement with Atlantic Street Capital Partners to Assist in Developing a Transportation Platform Growth Strategy
Atlantic Street Capital Partners secures the management consulting services of Ahern and Associates to develop a long term growth strategy for future transportation acquisitions.
Phoenix, AZ—Ahern and Associates, North America’s leading trucking and transportation management consulting firm, has been engaged by Atlantic Street Capital Partners, a private equity firm with a focus on lower, middle-market special situations and deep value investments, to provide a long term growth strategy to aid their already profitable transportation platform.
Atlantic Street is a special situations private equity firm that invests in companies which present challenges to typical investors. Atlantic is comfortable taking controlling equity positions in its companies requiring significant operational improvements, including turnaround’s and restructuring.
After taking part in several trucking company acquisitions, including a recent purchase that specializes in the heavy haul industry, Atlantic Street recognized the need to put together a strategy for advancement which includes targeting future transportation and trucking acquisitions. And since Atlantic Street focuses on “deep value” investments and opportunities where investors face unique challenges which often times impact the valuation of the company, their timing couldn’t be more prudent.
Securing the management consulting services of Ahern and Associates was a natural fit considering Ahern’s years of experience in guiding companies through the often times risk laden dealings of transportation mergers and acquisitions. A.W. Ahern, CEO of Ahern and Associates explains, “We’re thrilled to be working with Atlantic Street and look forward to applying our vast experience within the trucking and transportation industries to their long term growth strategy and are honored that they have selected our firm to be one of their trusted partners.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Phoenix, AZ—Ahern and Associates, North America’s leading trucking and transportation management consulting firm, has been engaged by Atlantic Street Capital Partners, a private equity firm with a focus on lower, middle-market special situations and deep value investments, to provide a long term growth strategy to aid their already profitable transportation platform.
Atlantic Street is a special situations private equity firm that invests in companies which present challenges to typical investors. Atlantic is comfortable taking controlling equity positions in its companies requiring significant operational improvements, including turnaround’s and restructuring.
After taking part in several trucking company acquisitions, including a recent purchase that specializes in the heavy haul industry, Atlantic Street recognized the need to put together a strategy for advancement which includes targeting future transportation and trucking acquisitions. And since Atlantic Street focuses on “deep value” investments and opportunities where investors face unique challenges which often times impact the valuation of the company, their timing couldn’t be more prudent.
Securing the management consulting services of Ahern and Associates was a natural fit considering Ahern’s years of experience in guiding companies through the often times risk laden dealings of transportation mergers and acquisitions. A.W. Ahern, CEO of Ahern and Associates explains, “We’re thrilled to be working with Atlantic Street and look forward to applying our vast experience within the trucking and transportation industries to their long term growth strategy and are honored that they have selected our firm to be one of their trusted partners.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Tuesday, February 9, 2010
Andy Ahern's Partnership Program Developed by Ahern and Associates Lightens the Load for Trucking Companies
Exclusive partnership program allows trucking companies to increase cash flow by streamlining operations and slashing operating costs.
Being the life blood of America is more difficult today than it’s ever been. Owners of trucking companies are eternally battling increased restrictions, regulations, escalating fuel costs and hefty insurance deposits; all of which put a stranglehold on cash flow.
Recognizing the need to assist companies struggling with managing cash flow, the trucking and logistics consulting firm of Ahern and Associates has developed a unique partnership program that provides many useful benefits to trucking companies. Included within the program are automobile and cargo insurance, fuel cards, receivables financing and access to additional trucks. To aid with streamlining day to day operations, Ahern’s partnership program also provides credit checks on customers and provides direction to the DOT and all accompanying log audits which, in turn, helps shift focus back to running the business.
One of the greatest benefits to carriers enrolled in the program is the provision of cargo, automobile and worker’s compensation insurance. This allows the trucking company to avoid the 25-30% insurance deposits required which often ties up cash that can be utilized elsewhere. Ahern and Associates’ partnership program also helps off-set rising fuel costs by providing a fuel card which permits carriers to effectively deal with fuel vendors who demand payment immediately or shortly thereafter and have fuel costs taken out at the settlements at the end of the week, further freeing up cash.
Ahern’s partnership program also offers trucking companies the option to set up their own brokerage operation without the high upfront costs associated with start up. The program gives carriers access to 32 agents across the United States that can be used as sales representatives to help load trucks in addition to over 12,000 approved truck carriers in the system. Participants in the program can also take advantage of an extensive network of customers on a national basis as well as a staff of professionals that will assist the partner in cross selling his customer base.
For example, if a trucking company primarily hauls van freight, they can now solicit their customers for flatbed, refrigerated or intermodal freight. Furthermore, the partner will pay the trucking company, the carrier and then extend terms on receivables.
Ahern’s partnership program has had tremendous success says A.W. Ahern, CEO of Ahern and Associates, “This unique approach to cash flow management has proven to be an extremely effective program that truly helps companies stay focused on daily operations. Our partnership program eases cash flow restrictions and provides smaller carrier lines the tools necessary to stay competitive in today’s trucking industry.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Being the life blood of America is more difficult today than it’s ever been. Owners of trucking companies are eternally battling increased restrictions, regulations, escalating fuel costs and hefty insurance deposits; all of which put a stranglehold on cash flow.
Recognizing the need to assist companies struggling with managing cash flow, the trucking and logistics consulting firm of Ahern and Associates has developed a unique partnership program that provides many useful benefits to trucking companies. Included within the program are automobile and cargo insurance, fuel cards, receivables financing and access to additional trucks. To aid with streamlining day to day operations, Ahern’s partnership program also provides credit checks on customers and provides direction to the DOT and all accompanying log audits which, in turn, helps shift focus back to running the business.
One of the greatest benefits to carriers enrolled in the program is the provision of cargo, automobile and worker’s compensation insurance. This allows the trucking company to avoid the 25-30% insurance deposits required which often ties up cash that can be utilized elsewhere. Ahern and Associates’ partnership program also helps off-set rising fuel costs by providing a fuel card which permits carriers to effectively deal with fuel vendors who demand payment immediately or shortly thereafter and have fuel costs taken out at the settlements at the end of the week, further freeing up cash.
Ahern’s partnership program also offers trucking companies the option to set up their own brokerage operation without the high upfront costs associated with start up. The program gives carriers access to 32 agents across the United States that can be used as sales representatives to help load trucks in addition to over 12,000 approved truck carriers in the system. Participants in the program can also take advantage of an extensive network of customers on a national basis as well as a staff of professionals that will assist the partner in cross selling his customer base.
For example, if a trucking company primarily hauls van freight, they can now solicit their customers for flatbed, refrigerated or intermodal freight. Furthermore, the partner will pay the trucking company, the carrier and then extend terms on receivables.
Ahern’s partnership program has had tremendous success says A.W. Ahern, CEO of Ahern and Associates, “This unique approach to cash flow management has proven to be an extremely effective program that truly helps companies stay focused on daily operations. Our partnership program eases cash flow restrictions and provides smaller carrier lines the tools necessary to stay competitive in today’s trucking industry.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Ahern and Associates Aids Total Transportation Services In Securing Three Additional Agent Agreements
Dallas based Total Transportation Services, LLC relies on Ahern and Associates to once again secure successful agent partnership programs within the trucking and logistics industry.
Ahern and Associates secures a third agent agreement on behalf of Total Transportation Services, LLC further demonstrating why they are widely recognized as the North American leader in the fields of trucking company mergers and acquisitions within the trucking and transportation industry.
Trucking companies throughout the U.S. and Canada have learned over the years that the business of add-on acquisitions is often times a risk laden proposition. By securing the professional services of a transportation and trucking company management consulting firm like Ahern and Associates, participants of these transactions are better able to avoid costly pitfalls and establish successful agent development programs.
Dennis Farnsworth, Executive Vice President and Chief Financial Officer of Total Transportation Services, LLC, explains why they repeatedly trust Ahern and Associates to handle their agent development programs including their three most recent transactions: “Andy Ahern and his staff’s knowledge base and contacts in the transportation industry are a valuable resource to both buyers and sellers. Ahern and Associates continuously demonstrates a commitment to serving their customers with high quality service.”
Having already boosted Total Transportation Services’ revenue by 70 million dollars within one year, the casual observer might think that the experienced staff at Ahern and Associates is satisfied. Not exactly, trumps A.W. Ahern, CEO of Ahern and Associates, “Just because we’ve closed a few deals for a particular client doesn’t mean we’re done. Through our broad base of trusted contacts within the logistics and trucking industries, my staff and I are continually seeking out opportunities that make not only make economic sense for our clients, but also produce a profit.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Ahern and Associates secures a third agent agreement on behalf of Total Transportation Services, LLC further demonstrating why they are widely recognized as the North American leader in the fields of trucking company mergers and acquisitions within the trucking and transportation industry.
Trucking companies throughout the U.S. and Canada have learned over the years that the business of add-on acquisitions is often times a risk laden proposition. By securing the professional services of a transportation and trucking company management consulting firm like Ahern and Associates, participants of these transactions are better able to avoid costly pitfalls and establish successful agent development programs.
Dennis Farnsworth, Executive Vice President and Chief Financial Officer of Total Transportation Services, LLC, explains why they repeatedly trust Ahern and Associates to handle their agent development programs including their three most recent transactions: “Andy Ahern and his staff’s knowledge base and contacts in the transportation industry are a valuable resource to both buyers and sellers. Ahern and Associates continuously demonstrates a commitment to serving their customers with high quality service.”
Having already boosted Total Transportation Services’ revenue by 70 million dollars within one year, the casual observer might think that the experienced staff at Ahern and Associates is satisfied. Not exactly, trumps A.W. Ahern, CEO of Ahern and Associates, “Just because we’ve closed a few deals for a particular client doesn’t mean we’re done. Through our broad base of trusted contacts within the logistics and trucking industries, my staff and I are continually seeking out opportunities that make not only make economic sense for our clients, but also produce a profit.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit www.Ahern-Ltd.com .
Ahern and Associates Aid 4th Trucking Acquisition for Greatwide Logistics Services
Greatwide Logistics Services entrusts Ahern and Associates once again for merger and acquisition services within the trucking and logistics industry.
Ahern and Associates, the North American leader in the field of transportation and trucking management and consulting, has successfully completed the latest acquisition for industry forerunner, Greatwide Logistics Services. This marks the fourth time that Greatwide Logistics Services has relied upon Ahern and Associates to aid them in targeting top quality trucking company acquisitions.
Richard Metzler, Chief Communications Officer of Greatwide, explains why they repeatedly trust Ahern and Associates to handle their acquisitions, including their most recent acquisition of Camrett Logistics. “Acquisitions tend to have risk by their very nature, but I know one risk I do not have to worry about is Ahern and Associates providing me with deep and accurate insights.”
At the core of Ahern and Associates’ success lies their business processes which have enabled them to carve out a unique niche within the consulting industry. Metzler elaborates: “When I compare Ahern and Associates to other firms, it is clear to me that they have a different, better and differentiated business model.” By focusing on mergers and acquisitions of trucking and logistics companies while increasing efficiency and profitability for struggling carrier lines, Ahern and Associates has emerged as a champion within their industry.
Benefiting from the depth of its staff, former presidents and CEOs of various transportation and trucking companies, Ahern and Associates prides itself in having the experience and wherewithal to competently handle any situation. A.W. Ahern, CEO of Ahern and Associates, relies heavily on his years of expertise to fulfill his clients’ needs and experiences considerable gratification knowing his clients are satisfied. Ahern states, “Our management consultants have seen it all. From the one rig, LTL owner/operator who needs to improve operating efficiency, to the larger fleet carriers who need assistance in acquiring desirable expansion targets, one thing is for certain; when they hire Ahern and Associates, they’re going to be satisfied.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com .
Ahern and Associates, the North American leader in the field of transportation and trucking management and consulting, has successfully completed the latest acquisition for industry forerunner, Greatwide Logistics Services. This marks the fourth time that Greatwide Logistics Services has relied upon Ahern and Associates to aid them in targeting top quality trucking company acquisitions.
Richard Metzler, Chief Communications Officer of Greatwide, explains why they repeatedly trust Ahern and Associates to handle their acquisitions, including their most recent acquisition of Camrett Logistics. “Acquisitions tend to have risk by their very nature, but I know one risk I do not have to worry about is Ahern and Associates providing me with deep and accurate insights.”
At the core of Ahern and Associates’ success lies their business processes which have enabled them to carve out a unique niche within the consulting industry. Metzler elaborates: “When I compare Ahern and Associates to other firms, it is clear to me that they have a different, better and differentiated business model.” By focusing on mergers and acquisitions of trucking and logistics companies while increasing efficiency and profitability for struggling carrier lines, Ahern and Associates has emerged as a champion within their industry.
Benefiting from the depth of its staff, former presidents and CEOs of various transportation and trucking companies, Ahern and Associates prides itself in having the experience and wherewithal to competently handle any situation. A.W. Ahern, CEO of Ahern and Associates, relies heavily on his years of expertise to fulfill his clients’ needs and experiences considerable gratification knowing his clients are satisfied. Ahern states, “Our management consultants have seen it all. From the one rig, LTL owner/operator who needs to improve operating efficiency, to the larger fleet carriers who need assistance in acquiring desirable expansion targets, one thing is for certain; when they hire Ahern and Associates, they’re going to be satisfied.”
About Ahern and Associates:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com .
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