Indianapolis, Ind. – McLeod Software and Katz, Sapper & Miller (KSM) have come together to create a joint project to provide an operations level benchmark for the trucking industry. This initiative seeks to break new ground in giving truckload carriers the opportunity to measure the real performance of their operations against their peers.
The KSM & McLeod Benchmarking Initiative is designed to be complimentary to other benchmarking initiatives in the industry, and to break new ground for those companies who want to understand where their operating efficiencies stand as compared to similar carriers.
Carriers who participate in this first benchmark study will receive a copy of the final benchmark report, which includes the high, low, median, and average values for each benchmark category, as well as the group qualification parameters to allow for comparison of their results on each benchmark to those of their actual peer group.
A look at operating metrics
The benchmarking survey of operating metrics examines several aspects that are common performance indicators for every truckload carrier.
- People and headcount by category or role
- Fuel consumption, expense, purchasing, and efficiency
- Revenue miles, rates, and surcharges
- Equipment counts and actual utilization
- Safety profiles
- Operating expenses
And to create the truly valuable peer comparisons, we will segregate the benchmark data by several criteria that give carriers the chance to compare their metrics with their true peer group.
- Carriers of a similar size
- Carriers with the same equipment types
- Carriers with a similar length of haul
The goal of the KSM & McLeod Benchmarking Initiative is to begin to give truckload carriers a better picture of their relative performance in these areas than has previously been available.
Companies who would like to participate in the 2013 benchmarking program must collect and submit their data to KSM via a pre-formatted spreadsheet, and ensure that their data meets the strict definitions set out in our benchmarking data collection documents. KSM and McLeod will provide this data collection document, the definitions, and a copy of our confidentiality agreement to carriers upon request. The deadline for submissions to be included in the 2013 benchmark report is July 1, 2014.
For more information about joining this benchmarking project, contact Tim Almack at 317.580.2000 or firstname.lastname@example.org.
About Katz, Sapper & Miller
As one of the top 65 CPA firms in the nation, Katz, Sapper & Miller (KSM) has earned a reputation as a leader in the areas of accounting, tax and consulting services. KSM has provided tax and business consulting services to the trucking industry since its founding in 1942. Through the firm’s experience with 100-plus trucking and logistics clients throughout North America, KSM has become a national service provider to the trucking industry. Learn more at ksmcpa.com.
The firm provides additional services through KSM Transport Advisors, LLC (KSMTA), a part of the Katz, Sapper & Miller Network. KSMTA exclusively services the trucking industry, providing freight network engineering and profit improvement services. Learn more at ksmta.com.
About McLeod Software
Since 1985, McLeod Software has provided powerful transportation management and trucking software solutions to the trucking industry. These solutions are comprehensive and support integration with a broad array of complimentary logistics products. McLeod Software is a leader when it comes to software for trucking dispatch operations management, freight brokerage management, fleet management, document imaging, workflow, EDI, and business process automation solutions for trucking, freight brokerage, third party logistics, and shipper companies in the United States. Learn more at mcleodsoftware.com.