TCA, FreightWaves Announce Partnership

11/12/2018

  

Microsite to Provide Data, Commentary and Predictions for the Truckload Market, in Addition to Highlighting Top-Performing Companies in the “Main Street of Trucking”

 

Alexandria, Virginia:

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 TCA President John Lyboldt.

“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 FreightWaves CEO and Managing Director Craig Fuller. “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.