Because of participant demand, the Truckload Carriers Association’s Profitability Program (TPP) has formed two new best-practice groups focusing on flatbed and refrigerated carriers.
“The TPP is designed to provide participants with the tools, data, and trusted peer groups to put them on the right path to continuous improvement,” said TCA President John Lyboldt.
He cited several improvements that members participating in TPP have already implemented from their involvement with the program:
- Reduced average maintenance cost per mile from $0.34 to $0.19 in nine months;
- Improved gross margin by 43% (rolling six-month average);
- Reduced health insurance expense, without modifying plan design, by $210,000 annually;
- Established a secure asset-protection strategy using a proven strategy described by a fellow group member;
- Implemented collision-mitigation technology, which contributed to an 80% reduction in accident losses over a 24-month period, based on the suggestions of a fellow group member; and
- Established a driver scorecard and retention strategy which reduced turnover from 110% to 43% in 12 months, resulting in an estimated $290,000 savings.
- 61% of 2019 TCA’s Best Fleets to Drive For winners are TPP Best Practice Group members; and
- 72% of 2019 TCA’s Fleet Safety Award winners are TPP Best Practice Group members.
For more information, to refer a colleague, or to book a demo, contact TPP Profitability Consultant Shepard Dunn at [email protected] or visit tcaingauge.com.
The Truckload Authority News Staff, comprised of award winning journalists and graphic artists, produces content for Truckload Authority, working in cooperation with the Truckload Carriers Association staff. Truckload Authority aims to keep TCA members abreast on the latest trends in the trucking industry as well as articles that feature TCA member executives and drivers. The Truckload Authority staff is based in Little Rock, Arkansas.