Roadmap continues:

Succession Planning:

  • Fuel consumption

  • Average delivery time

  • Operating costs

  • Scale business

  • Community Inclusion and collaboration

Succession planning Metrics 2024:

  • Fuel consumption reduced by 5% achieved - huge savings cost reductions using new fuel vendor -Mudflap

  • Average delivery time increased by 10%

  • Operating costs reduced by 2%

  • Research new capital/grants and build credit portfolio

Risks:

  • Drivers adapting to change

  • New fuel-efficient driving techniques may not be effective

  • Route planning and optimization software may not be accurate

  • Automation of back-office tasks may not be feasible

  • Compliance -EDL Log Book, regulatory license and taxes

Mitigation Strategies:

  • Provide drivers with training on new fuel-efficient, driving techniques

  • Conduct pilot program to test driver efficient driving techniques

  • Select route planning and optimization software that is proven to be effective

  • Use a phased approach to automating back-office tasks

Chin & Hunt's Trucking LLC Roadmap

Goal: Improve efficiency, productivity and structure

Objectives:

  • Reduce fuel consumption by 5%

  • Increase average delivery time by 5%

  • Reduce operating costs by 5%

  • Training’s, policies and compliance -FMCSA regulations

  • Scale business -hire/promote 2025

  • Community Inclusion

Key Initiatives:

  • Improve route planning and optimization

  • Automate back-office tasks

Timeline:

  • Q1 2025: Implement new fuel-efficient driving techniques as per regulatory body

  • Q2 2025: Improve route planning and optimization

  • Q3 2025: Automate back-office tasks

  • Q4 2025: Training, mentoring, policies and compliance -FMCSA, develop new strategy

Budget forecast:

  • New market trends