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Transportation Cost Analysis Checklist
Vehicle Operating Costs
Calculate fuel consumption costs based on current prices and estimated mileage
Assess vehicle maintenance and repair expenses for the fleet
Estimate costs of vehicle insurance and licensing fees
Labor Costs
Evaluate salaries and wages of drivers and logistics staff
Include costs for training and certifications of transportation personnel
Factor in employee benefits, overtime, and payroll taxes
Route and Network Optimization
Analyze the efficiency of current routing and scheduling
Consider the cost implications of direct versus indirect routing
Investigate the potential for consolidating shipments to maximize load capacity
Carrier and Contract Management
Review contracts for outsourced transportation services
Negotiate better rates with carriers based on volume and loyalty
Monitor compliance with service level agreements (SLAs) and penalties for non-compliance
Inventory Carrying Costs
Calculate interest or opportunity costs of inventory in transit
Analyze warehousing costs tied to transportation strategies
Determine the impact of transportation lead times on safety stock levels
Regulatory Compliance and Fees
Estimate costs associated with adhering to transport regulations
Account for tolls, environmental fees, and other related charges
Assess potential fines or penalties for non-compliance with transportation laws
