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Mention has been made by expediters in a couple of threads that their insurance costs are rising, and by a lot in come cases. I thought it might be informative if expediters share what is going on with their truck and work accident insurance in a thread on that topic. What are you seeing with...

I can't speak as a produce-transporting reefer operator but in our case when fuel prices spike, we charge more to transport goods so that our profit margin will be retained. Our customers' shipping prices really do increase because we are charging more. What do we do with that extra money? We...

Yes, but it is an interesting discussion just the same. An Expedite Now article is coming to mind on this topic. The title would be "How Much Do You Make and How Do You Know?"

By buying my truck-guarding services, you relieved yourself of the obligation to provide them yourself. That enabled you to go off duty and preserve your log book hours for later use. But you did not buy time, you bought truck-guarding services. If I was to bill you on paper, it would not be for...

Actually, had we made the trade, I would have sold you my truck-guarding services at an agreed-upon price. It is not the time that is sold but the services.

No. My time is not a commodity. I can sell a commodity; something like gasoline or corn for example. But I cannot sell my time. And no one else can either. If you approached someone and said, "Hey, friend, I have a couple of hours to sell you," how would you price those hours? How would you...

In the scenario you present, the profit is exactly the same. You paid zero for your time and I paid zero for mine. There were no other expenses mentioned. Each of us used our time to make $100,000, producing a net gain of $100,000. Profits are not measured in time. They are measured in dollars.

You may be giving yourself another way to look at your profits, but it is not a way that bankers, the IRS and other money people use to measure the actual financial success of a business. More to follow.