The Truckload Carriers Association (TCA) is pleased to announce an exclusive partnership with FreightWaves, an agreement that links the editorial and data science team at FreightWaves with the TCA Profitability Program (TPP) 20 Index data and the growing Best Practice Groups. The partnership’s first initiative—Truckload Indexes—is a unique microsite that will track the pulse of the truckload market. It will provide the public with a snapshot of the stories, data, personalities, opportunities and challenges facing this segment, which many refer to as the “Main Street of Trucking.”
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.
These data sets will enable carriers of all sizes to benchmark their internal performance metrics against best-in-class operators. 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. 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. TCA recognized early on that their efforts to drive change and elevate the technological and operational sophistication of carriers and partners was 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,” stated John Lyboldt, TCA’s President.
“TCA—and specifically the TCA Profitability Program—are the curators of one of the most unique data sets in trucking today. 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,” said Craig Fuller, CEO and Managing Director of FreightWaves. “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.
About the TCA Profitability Program
The TCA Profitability Program (TPP) is the trucking industry’s premier performance improvement solution, fusing TCA’s popular best-practice groups and the powerful inGaugeTM online benchmarking platform. TPP’s multi-tiered system allows carriers the flexibility to choose exactly how much time and the number of resources they want to dedicate to the program, with plans ranging from simple snapshot composites to full online access and regular peer group meetings. To learn more, please visit www.tcaingauge.com.
FreightWaves is the only provider of news, content, market data and analytics for the freight market. FreightWaves.com is the No. 1 trafficked news site in freight and receives twice the traffic and engagement of any other news site in the freight and logistics industry. FreightWaves is also the parent company to FreightWaves SONAR, a data and analytics freight-market dashboard that aggregates individual data points from more than 150 sources. In conjunction with DAT and Nodal Exchange, FreightWaves is launching Trucking Freight Futures, the first-ever futures contracts settled on trucking spot rates. The company is also the founder of Blockchain in Transport Alliance (BiTA), a consortium of technology enterprise, manufacturers, carriers and logistics technology organizations committed to implementing blockchain technology in transportation. To learn more, visit www.freightwaves.com.
About Truckload Indexes
Through an exclusive partnership with Truckload Carriers Association and FreightWaves, Truckload Indexes provide near-time benchmarking of major operational and financial KPIs from best-in-class truckload carriers. This exclusive set of data points enable carriers of all sizes to compare how different data points impact the overall profitability and operating efficiency of truckload carriers. In addition to index data, TruckloadIndexes.com also provides commentary from FreightWaves editorial and industry analysts that help readers and users interpret the data and drive toward operational excellence.