Financial IQ
Financial IQ is a profitability program designed specifically for trucking companies. Financial IQ is designed to extract information off a trucking company's balance sheet and profit and loss statement. It is not a benchmark program and it is the most comprehensive and easy to use program that we have ever come in contact with.
Unlike typical financial software, Financial I.Q. assists truckload companies in analyzing revenue per mile, revenue per load per customer, operating ratio per load per customer per dispatch, and fuel surcharge revenue per mile all while being directly tied into the company’s individual profit and loss statements.
For less than truckload carriers who often struggle with determining their costs due to drops, picks, rates, cross docking and line hauls, Financial I.Q. can provide a path to profitability. By analyzing such factors as base rates per hundred weight per shipment per segment and fuel surcharges per hundred weight per shipment per segment, the company is able to determine in seconds where they are making or losing money and what adjustments need to be made to either break even or become profitable on lagging loads.
Freight brokers dealing with the common problem of determining their bottom line net profits per customer can also markedly benefit from Financial I.Q.’s sophisticated analysis. By entering a minimal number of values into the program, a freight company can quickly calculate the amount of revenue needed from each customer and the amount the broker is able to pay a carrier to achieve a desired profit level.
In addition, the software provides for a “what if” analysis that can be used by the trucking company or freight broker to test any solution to a future issue that could potentially effect profitability. For example, a trucking company may want to explore the possibility of utilizing an unconventional route or a freight broker might want to test the viability of accepting a new shipping client.
Ahern’s Financial I.Q. Software can be customized for the following types of businesses:
- Truckload
- Less Than Truckload
- Brokerage
See the Financial IQ in action:
Read more about Financial IQ.
Arkansas Transit Home, Inc. (ATH) was founded in 1958 by my late father, Wendell Chandler. In fact, to Illustrate how long that is got most trucking companies, our DOT number only has five numbers.
I would like to thank you Andy for making this very important and life changing event possible. It was a great experience.
Sincerely,
Dwight Chandler
President
Arkansas Transit Homes, Inc.
We have worked with you and your colleagues at Ahern Associates for some time now. We find your expertise in the area of logistics (be it in consulting or based on being hired for acquisition analysis) to be out standing. We value the relationship and are very happy to give you this letter of reference..
You should feel free to have any party call us to discuss our experience.
Sincerely,
James M.Hill
Benesch Attorneys at Law
England has been formally associated with Andy Ahern and his colleagues for approximately the past three years primarily in the area of acquisitions. During that period, we have experienced a professionalism that is refrrshing. Andy offers in-depth expertise as well as industry knowledge born from extensive experience, a combination which adds material value well beyond a normal business relationship.
We anticipate a long – term, mutually beneficial association. It was a great experience.
Very truly yours,
Keith c. Wallace,Jr.
Senior Vice President / Chief Financial Officer
C.R. England, Ind
Century Carriers, Inc. and its subsidiaries are family owned businesses that was started 1998. When the Transportation business was booming, times were great but, like other family owned businesses we didn’t prepare for the economy the past year. My wife and I lost many hours sleep and made many calls to attorneys, banks, and whom ever would listen to our story trying to figure out how we were going to save our business for our future and our children.
Andy and his team has given us hope that there is light at the end of the tunnel and we are making progress, thanks again.
Sincerely,
Kevin Henderson, President/CEO
Century Carriers Inc. / Century Expedited Inc.
Originally, I met Andy at a Truckload Carrier`s Conference during a round table discussion on the trasition of family business. Andy was very knowledgeable about the topic and expressed many ideas that we hadn`t thought of. During the down turn of our industry in 2001, We called upon Andy, as a consultant, to help us understand how to turn our business around. We hired Ahern and Associates to come in and do businesses review. By giving us a road map to success with their intial audit, they helped turn our business around within thirty days.
Andy Ahern and Ahern & Associates have always delivered exactly what they have promised.
Sincerely,
Don Christenson, President
Christenson Transportation, Inc.
