Outbound/Inbound Average Length of Haul (IALOHA,OALOHA)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? Outbound/Inbound Average Length of Haul captures the daily mileage of tendered loads leaving and entering each of the 135 markets and states. Who is interested? Anyone that has an interest in freight movement patterns. i.e. Shippers, freight brokers, fleet managers, executives in a transportation company, owner operators. What does it tell me? Daily length of haul measurements … Read More

Driver to Non-Driver Ratio (DRRAT)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index captures the total number of active drivers for each active non-driver. “Non-drivers” include all operations and admin personnel, but does not include shop personnel (technicians, service, admin). The count of drivers and non-drivers account for both part-time and full-time employees and independent contractors. For part-time, the counts are reported on a FEL basis (Full Time … Read More

Driver Turnover (%) (DRVTO)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index provides a monthly reading of Annualized turnover, specific to employee and independent contractor drivers within the truckload segment of the North American trucking industry. The turnover results for reporting carriers are ‘annualized’ in this index to provide the viewer with a better understanding of results relative to a calendar year basis. The carriers reporting the … Read More

Empty Miles (%) (EMPTY)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index expresses the number of empty (unbilled) miles driven relative to the total number of miles driven during the month, expressed as a percentage. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.Formula: ((Total Miles – Revenue Miles) / (Total Miles))* 100 Who is interested? Anyone that has an … Read More

Insurance Expense (%) (INSURE)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index expresses the total insurance expense related to the delivery of a load on a percentage of revenue basis. The data components of this index, reported by carriers, include Physical Damage Insurance (premium and deductibles), Cargo Insurance (premium and deductibles) and Liability Insurance (premium and deductibles). Insurance expense also includes any self-insured accident/driver damage. The expense … Read More

Loaded Miles (%) (LOADM)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index expresses the number of loaded (billed) miles driven relative to the total number of miles driven during the month, expressed as a percentage. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.Formula: (Revenue Miles) / (Total Miles))* 100 Who is interested? Anyone that has an interest in freight … Read More

Loads per Truck per Week (LODTR)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index displays the total number of accepted loads, delivered by carriers, expressed on a ‘per truck’, ‘per week’ basis. Carriers reporting data for this index, provide a truck count whether seated or unseated. If the truck is plated by the carrier, it is counted. As such, those with a high % of unseated tractors will be … Read More

Maintenance Expense per Mile (MAINT)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index captures the total maintenance expense, reported by participating carriers during a given month, expressed on a per mile basis. The expense reported is specific to the maintenance of company-owned trucks, and company fleet allocated trailers. Maintenance expense includes all internal (shop labor, parts, supplies, and tools) and external (outside vendor parts, labor, and supplies) expense. … Read More

Miles per Truck per Week (MILTR)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index displays the total number miles traveled, during the month, by tractors owned or contracted by the reporting carriers. Carriers reporting data for this index, provide a truck count whether seated or unseated. If the truck is plated by the carrier, it is counted. As such, those with a high % of unseated tractors will be … Read More

Net Fuel Expense (NFEPCT, NFEMIL)

FreightWaves Customer SuccessTCA Benchmarking Indices

NFEPCT What is it? This index provides a measure of carrier’s net fuel expense expressed as a percentage of net revenue. Net Fuel Expense, which is calculated as Gross Fuel Expense minus Fuel Surcharge Revenue. This index provides users with the ability to measure the optimization of their fuel surcharge program versus their peers. The expense reported is specific to … Read More

OO Driver % (OWNOPS)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index provides a measure of the degree to which carriers, on an aggregated basis are utilizing Owner Operator (Independent Contractors) relative to total driver count. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.Formula: (Total OO Count) / (Total Driver Count)) * 100 Who is interested? Anyone that has … Read More

Operating Ratio (OPRA)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index provides a direct measure of aggregated profitability for truckload carriers. The reported data for this measure includes linehaul revenue, accessorial revenue and total operating expenses (not including income tax). The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.Formula: ((Total Operating Income before Tax) / (Linehaul Revenue + Accessorial … Read More

Revenue per Driver per Week (DRVREV)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index captures the total amount of Linehaul and Accessorial revenue generated per week, expressed on ‘per Driver’ basis. Please note, Fuel Surcharge is excluded from this index. The count of drivers included in this index capture both part-time and full-time employees, and independent contractors. For part-time, the counts are reported on a FEL basis (Full Time … Read More

Truck to Driver Ratio (TDRAT)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? This index provides a measure of the number active (plated) tractors, relative to the number of active drivers, for reporting carriers. The count of drivers included in this index capture both part-time and full-time employees, and independent contractors. For part-time, the counts are reported on a FEL basis (Full Time Equivalent). The carriers reporting the data for … Read More

Brokerage Revenue (%) BROREV)

FreightWaves Customer SuccessTCA Benchmarking Indices

What is it? Brokerage Revenue (% of Total Revenue) calculates the total amount of revenue generated by a carrier’s brokerage operation/division, expressed as a percentage of revenue generated by the carrier’s asset and asset light activity. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program. Formula: (Brokerage Revenue) / (Brokerage Revenue + Linehaul … Read More