What is it?
This index displays the net revenue per truck per week divided by total miles per truck per week by tractors owned or contracted by the reporting carriers. This index does not include fuel surcharges within its measurements.
(Net Revenue per Truck per Week) / (Miles per Truck per Week) = NREVM
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. Removing the fuel surcharge from the calculation reduces the volatility associated with fuel costs. This index is widely used by carriers as a key performance indicator.