ALEXANDRIA, Va. — The Truckload Carriers Association and FreightWave have formed an exclusive partnership whose first initiative — Truckload Indexes — will be a “unique” microsite that will track the pulse of the truckload industry, providing the public with a snapshot of the stories, data, personalities, opportunities facing the truckload segment.
The agreement links the editorial and data science team at FreightWaves with the TCA Profitability Program (TPP) 20 Index data and the growing Best Practice Groups.
Users of FreightWaves’ SONAR platform—an intuitive dashboard tool that offers a unique aggregation of multiple, highly disparate freight market data points—will now be able to plot the results from the TPP 20 Index, a subset of aggregated, anonymous, standardized key performance indicators (KPIs) from the top 20 performing trucking companies within TPP. SONAR users will now be able to correlate all current economic and other disparate data sets with the results from these exclusive financial and operational performance indicators, according to John Lyboldt, TCA president.
These data sets will enable carriers of all sizes to benchmark their internal performance metrics against best-in-class operators, Lyboldt said, noting that this type of data has never been available to the public and represents the most powerful set of indices in the entire trucking industry.
Members of the TCA Profitability Program will benefit significantly from the partnership through the creation of the monthly TPP Member Playbook, he said. This report, only available to TPP members, will combine near-real-time data from TPP and SONAR with market-specific commentary.
“FreightWaves has changed the transportation game permanently,” Lyboldt said. “TCA recognized early on that its efforts to drive change and elevate the technological and operational sophistication of carriers and partners were very much in line with TCA’s pursuits. This partnership was an easy decision for our association. Partnering with FreightWaves will elevate member performance by effectively telling the truckload story, as well as highlighting our growing advocacy efforts.”
“TCA — and specifically the TCA Profitability Program—are the curators of one of the most unique data sets in trucking today,” said FreightWaves CEO and Managing Director Craig Fuller. “The TPP Index combines credible monthly general ledger data with standardized operational results from the top-performing companies in the truckload space. Instead of waiting for annual survey results to be published six months later, TPP members and SONAR users are able to take a near-real-time pulse of this massive market segment. Further, we are excited to utilize our growing data science team to add value to the TPP data and actionable commentary from our award-winning editorial team. This is only the beginning.”
To learn more and subscribe to the Truckload Indexes weekly newsletter, visit www.TruckloadIndexes.com.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.