Integrated Freight Corp. announced that its load ratio, an indicator of fleet efficiency, hit a new all-time company high in consecutive months beginning in April and currently remains above 90 percent. The Sarasota, Fla.-based company says this increase in efficiency is anticipated to reduce costs and improve profit margins.
“Efficiency is a key factor in enhancing profitability,” says Hank Hoffman, president and chief operating officer. “In a very short time, Integrated Freight has been able to increase its load ratio by several percentage points to well over 90 percent. Our pursuit of this improvement has been a real team effort and a true benefit to growing our bottom line. A higher load ratio means more customer demand, fewer empty miles and better management of the company’s trucks and trailers.”
Defined as the ratio of loaded miles to total miles driven across the entire organization, load ratio is a measure of route efficiency and fleet utilization. Integrated Freight says continued integration through its subsidiaries has resulted in improved revenue per loaded mile, with one benefit being the elimination of numerous empty or underutilized routes.