TCG is awarded US patent

March 1, 2004
Transportation Costing Group Inc (TCG) has announced the awarding of United States Patent #6,604,081 by the US Patent and Trademark Office to Kenneth

Transportation Costing Group Inc (TCG) has announced the awarding of United States Patent #6,604,081 by the US Patent and Trademark Office to Kenneth M Manning and William R Shults. They received a patent for the cost accounting formulas “Method for Analyzing Profitability of Freight Load Hauling Operations.” Manning and Shults are president and executive vice-president, respectively, of TCG.

Manning said, “In our 21 years of providing activity-based cost systems to the motor carrier industry, we have developed systems for both traditional LTL network carriers as well as irregular route carriers of all types; truckload, bulk, flatbed, reefer, and LTL ‘loaded-to-ride’.

“We realized that our approach to costing irregular route freight on a round trip basis was unique to the industry,” he said. “It accounts for empty mile costs as well as the profitability implications of lower rated backhaul freight, and properly assigns costs to the loads or shipments comprising the entire round trip within which the freight moves. As a result, the costing process moves beyond the simplistic methods showing all headhaul freight as profitable and all backhaul freight as unprofitable. This methodology is incorporated into TL/CIS as well as all other appropriate components of TCG's Cost Information System product line.”
www.tcgis.com

About the Author

Gary Macklin

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...