What is it?
This index displays the net revenue per truck per week plus fuel surcharges divided by loaded miles/revenue miles per truck per week by tractors owned or contracted by the reporting carriers. This index does include fuel surcharges within its measurements, but does not include empty miles driven.
(Net Revenue per Truck per Week + Fuel Surcharges) / (Loaded Miles per Truck per Week) = GREVLM
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?
This index provides a measure of performance and health for the truckload segment. Higher results, relative to historical values indicates a strong market. Conversely, lower measures indicate weaker economic activity. Including the fuel surcharge expense in this index can influence the ratio based on a carrier’s fuel surcharge contracted with its customers versus their cost of fuel. This index is widely used by carriers as a key performance indicator.