What is it?
The net revenue per truck per week provides a measure of how well a carrier’s trucks are operating in a week-by-week view. A stronger NETREV indicates higher profitability and potentially more moves across all activities, as well as increased linehaul and accessorial revenue. This metric is part of the Truckload Carrier Association’s TPP Program.
Formula: Percentage of brokerage revenue = total brokerage revenue / (brokerage + linehaul + accessorial + fuel surcharge revenue) * 100
Who is interested?
All carrier types, including asset-based, lite and some brokers will be most interested in NETREV. It helps to guide annual RFP decisions, particularly for trucking companies with limited equipment and those looking to onboard new lanes or expand the volume of trucks in operation.
What does it tell me?
The index is yet another model of carrier profitability, but carriers can further extrapolate insights by creating calculations for each driver and comparing them to a company average. In turn, carriers will be able to see how their brand performs in benchmarking and benchmark internal factors to enable continuous improvement.