The KSM & McLeod Benchmarking Initiative will give truckload carriers a new chance to understand where their operating efficiencies stand as compared to similar carriers.
Birmingham, AL (PRWEB) June 05, 2014
McLeod Software and KSM have come together to create this joint project to provide an operations level benchmark for truckload carriers in North America. 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 will give truckload carriers a new chance to understand where their operating efficiencies stand as compared to similar carriers. The carriers who participate in this first benchmark study, based on their 2013 performance data, 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 segregated by fleet size, length of haul, and equipment types.
The benchmarking survey focuses on operating metrics and 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
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. Knowing where they stand relative to their peers will give these companies a new perspective on where their best opportunity for improvement exists.
Carriers who would like to participate in the 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 the benchmarking data collection documents. KSM will provide this data collection document, the definitions, and a copy of the confidentiality agreement for this benchmark initiative to carriers upon request.
Carriers who are interested in participating or simply want to learn more should contact Tim Almack at 317.580.2000 or talmack(at)ksmcpa(dot)com.
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.
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.
Katz, Sapper & Miller
Certified Public Accountants
800 East 96th Street, Suite 500
Indianapolis, IN 46240
About McLeod Software
Since 1985, McLeod Software has provided powerful transportation management and trucking software solutions to the trucking industry. These solutions, developed entirely by our company, are comprehensive and support integration with a broad array of complimentary logistics products.
We are the 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.
With an established base of more than 700 active customers throughout North America, McLeod Software is dedicated solely to the transportation industry. This focus means we have a deep understanding of the needs and intricate details involved in carrier, broker, and freight management businesses of all types.
2550 Acton Road
Birmingham, AL 35243