TransCore 2010 Carrier Survey Finds Frequent Load Board Users Have Higher Revenue and Profit Per Truck
PORTLAND, Ore.--(BUSINESS WIRE)-- Based on a recent survey of more than 500 carriers, TransCore’s 2010 Carrier Benchmark Survey found that carriers using load boards for more than 40 percent of their loads earned $800 more per truck every month than carriers who used load boards less frequently. The TransCore Carrier Benchmark Survey also showed that all carriers’ revenues had trended up by almost $1,500 per truck per month over 2009 as the economy improved, freight increased, and rates trended up. Full survey results are available at www.transcorefreightsolutions.com.
“There is a myth that carriers don’t need to use load boards when freight is abundant,” said David Schrader, senior vice president, TransCore Freight Business Services, “But this survey calls that into question. Thousands of small carriers use our services as a kind of 24/7 sales department that helps them compete with larger carriers who have in-house sales staff.”
Of the companies surveyed, 60 percent reported they had ten or fewer trucks, and 87 percent reported having 50 or fewer.
TransCore’s 2010 Carrier Benchmark survey also revealed the following information about frequent load board users (those companies with 40 percent or more of their loads coming from load boards):
They averaged 3 cents more in revenue per mile in 2010 than less frequent users
Frequent load board users averaged 309 more load miles per truck every month than less frequent users.
As a group, they averaged 4.2 percent fewer empty miles every month than carriers who used load boards less often.
Brokers, 3PLs, carriers, and owner-operators in North America are expected to list more than 60 million loads and trucks this year across a variety of services feeding TransCore’s DAT® Network. As a result of this high volume, TransCore’s North American Freight Index is representative of the ups and downs in spot market freight availability throughout the United States and Canada.
The DAT Network sets the standard for load board services in the North America by providing:
The most loads and trucks found on any load board on the internet or in truck stops,
The highest number of exclusive loads found on a single load board,
The best quality brokers in the industry with the highest credit scores and lowest-days-to-pay.
About TransCore Commercial Technology Group:
TransCore’s Commercial Technology Group is a leading provider of transportation solutions in the United States and Canada serving brokers, carriers, owner-operators and shippers with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore’s asset tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking. TransCore provides fleet compliance, distribution and intermodal services, automated carrier safety and insurance monitoring, truckload rate indices for contract markets, and the most popular broker logistics software.
