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 penalized in the form of a lower relative result. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.
Formula: ((Load Count) / (Truck Count)) / (Number of Weeks in Month)
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. This index is widely used by carriers as a key performance indicator. In robust freight markets, there is a tendency for carriers to reduce the geographic footprint of their freight network, thereby lowering the average length of haul, and increasing the number of loads per truck per week.