McLeod Software and Katz, Sapper & Miller (KSM) have extended the deadline to signing up for their join benchmarking project. Fleets now have until July 1, 2014, to sign up.
According to McLeod, the purpose of the project is 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. It will give carriers insight into 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.
The survey will look at several operating metrics, including:
- 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
Data will be segregated by several criteria, giving carriers the chance to compare metrics with their peer group. These are:
- Carriers of a similar size
- Carriers with the same equipment types
- Carriers with a similar length of haul
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.
