Sample Sidebar Module

This is a sample module published to the sidebar_top position, using the -sidebar module class suffix. There is also a sidebar_bottom position below the menu.

Sample Sidebar Module

This is a sample module published to the sidebar_bottom position, using the -sidebar module class suffix. There is also a sidebar_top position below the search.

2024 Benchmarking Report

Details
Category: Issue 5

THE PRIVATE MOTOR TRUCK COUNCIL, IN COOPERATION WITH THE NATIONAL PRIVATE TRUCK COUNCIL, HAS PRODUCED OUR 8TH ANNUAL EDITION OF THE CANADIAN PRIVATE FLEET BENCHMARKING SURVEY. 

This survey, designed for the benefit of PMTC members and free with membership, is another value-add allowing you to benchmark your operation against other best-in-class performers. It will validate your performance and identify opportunities for improvement.

PMTC wishes to acknowledge and thank those members of the PMTC Benchmarking Survey Steering Committee without whose advice and cooperation, the Benchmarking Survey would not be possible:

• Patricia Burke, Canadian Blood Services

• Keith Lamb, 4 Refuel

• Jason Libralesso, Home Hardware

• Mike Millian, PMTC

• Tom Moore, CTP, NPTC

• Angela Munsterman, Coca-Cola Canada Bottling Co. Ltd. 

• Andy Walker, Molson-Coors Canada

The survey, conducted from February through May, reflects performance achieved in the 2023 calendar year. A total of 17 PMTC member companies contributed data to this effort, which aligns with the levels that have contributed information over the project’s eight-year history. We hope that you find value in the compiled data. 

The following benchmarking report is designed to assist private fleet managers in comparing their fleet’s performance to others with the goal of improving performance. It is not intended to be a critique of existing performance. Instead, by accurately and candidly assessing your performance based on the characteristics, the benchmarking study is designed to prioritize areas for improvement by helping you identify gaps in your performance that are important to you, your company, and your customers. 

Not all the benchmarks apply equally to all fleets: these figures are intended to highlight areas for further evaluation and improvement. So, use the metrics in this report like a barometer – as only one of many tools to assess your fleet’s ‘weather conditions.’

The next steps for any private fleet manager interested in using the benchmarking report to justify and improve their performance should be to compare themselves against the standards both in terms of best practices and results achieved. This means:

• Defining the service requirements for your fleet,

• Collecting operating information by type of operation (shuttle, local, regional, long-haul, etc.),

• Benchmarking fleet performance against others within the PMTC database and selected outside companies, and

• Selecting and prioritizing improvement areas.

The idea is to understand the performance of your private fleet and translate that into executable improvement strategies that will enhance the value of your fleet. 

 Why Benchmark?

While benchmarking requires careful planning and consideration, it is widely recognized as a proven method to enhance operational performance for the following reasons: 

• Benchmarking determines actual relative performance,

• Benchmarking uncovers competitive intelligence,

• Benchmarking reveals best practices,

• Benchmarking can be a catalyst for a strategic plan,

• Benchmarking provides a game plan for establishing a sustainable competitive advantage, and

• Benchmarking leads to superior fleet performance while increasing the fleet’s value to the organization.

 Definition of Benchmarking

Benchmarking is the process of defining and searching for best practices that will lead to superior performance and recognition as an industry leader. 

Any benchmarking study should primarily focus on uncovering, both internally and externally, practices that result in superior performance within a certain cost or service category.

When conducting a benchmarking study specifically focused on private fleet statistics, the fleet manager must spend sufficient time ensuring an apples-to-apples comparison. Cost-per-mile is often calculated differently, depending upon the fleet application and the corresponding assignment of fixed costs. Other measures, such as driver pay, can have numerous variations in terms of definition (e.g., overtime, incentive pay, safety incentive, etc.).

Three key areas to consider when implementing benchmarking are (1) setting improvement goals, (2) planning for improvements, and (3) establishing an action plan. 

PMTC members can now access the 2024 Benchmarking Report. To view it in its entirety, please log in at www.pmtc.ca.