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 shipping acquisitions. Show all posts
Showing posts with label shipping acquisitions. Show all posts
Monday, March 22, 2010
Trucking Consulting Firm, Ahern & Associates Engaged by National Drayage Services, LLC (NDS) to Secure Bi-Coastal Agent Opportunities
NDS seeks to expand agent operations to Los Angeles and New York, hires transportation consultants, Ahern and Associates to aid in securing agent locations.
Phoenix, AZ--Securing successful agent locations in the nation’s two largest ports of entry is an integral first step in NDS’ overall, long term growth strategy. Assigned with the task of seeking out and acquiring agent partners that conform to NDS’ standards is Ahern & Associates, the nation’s leading trucking and transportation consulting firm.
Leveraging their broad list of contacts accrued over their twenty-two years in business, the skilled consultants at Ahern & Associates truly understand the market and are well positioned to advance the growth strategies of NDS. Developing agent locations in Los Angeles and New York will allow NDS to markedly expand their thriving import/export cargo business as well as increase their capacity to service their existing customer base.
Selecting Ahern & Associates to guide their expansion efforts was not a difficult decision for the company explains Christopher Moore, President of NDS. “We’ve had a long standing relationship with Andy Ahern of Ahern & Associates. They’ve helped our family of companies in the past and have always provided a very high level of service.”
Andy Ahern, CEO of Ahern & Associates comments on his relationship with NDS and IMC Companies. “We’ve really enjoyed working with them on previous deals and are confident that we can secure the right agent partners for their company.” Ahern goes on to explain, “Because of the affinity relationships we’ve developed within the trucking and shipping industries, we’re often times able to create markets where they didn’t exist before.”
If all goes according to plan, NDS intends to add an additional ten agent locations by the end of 2010.
About National Drayage Services, LLC (NDS):
NDS is a Memphis-based non-asset based motor carrier who provides intermodal transportation services specializing in import/export cargo shipments. In addition to inland trucking, they offer port-to-port drayage; local and long haul drayage; U.S. Customs bonded carrier; specialized equipment; dedicated operations. For additional information please visit http://www.NDSV.com.
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.
Phoenix, AZ--Securing successful agent locations in the nation’s two largest ports of entry is an integral first step in NDS’ overall, long term growth strategy. Assigned with the task of seeking out and acquiring agent partners that conform to NDS’ standards is Ahern & Associates, the nation’s leading trucking and transportation consulting firm.
Leveraging their broad list of contacts accrued over their twenty-two years in business, the skilled consultants at Ahern & Associates truly understand the market and are well positioned to advance the growth strategies of NDS. Developing agent locations in Los Angeles and New York will allow NDS to markedly expand their thriving import/export cargo business as well as increase their capacity to service their existing customer base.
Selecting Ahern & Associates to guide their expansion efforts was not a difficult decision for the company explains Christopher Moore, President of NDS. “We’ve had a long standing relationship with Andy Ahern of Ahern & Associates. They’ve helped our family of companies in the past and have always provided a very high level of service.”
Andy Ahern, CEO of Ahern & Associates comments on his relationship with NDS and IMC Companies. “We’ve really enjoyed working with them on previous deals and are confident that we can secure the right agent partners for their company.” Ahern goes on to explain, “Because of the affinity relationships we’ve developed within the trucking and shipping industries, we’re often times able to create markets where they didn’t exist before.”
If all goes according to plan, NDS intends to add an additional ten agent locations by the end of 2010.
About National Drayage Services, LLC (NDS):
NDS is a Memphis-based non-asset based motor carrier who provides intermodal transportation services specializing in import/export cargo shipments. In addition to inland trucking, they offer port-to-port drayage; local and long haul drayage; U.S. Customs bonded carrier; specialized equipment; dedicated operations. For additional information please visit http://www.NDSV.com.
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.
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 .
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