TEG Price Per Mile (also known as TEG PPM) ensures that owner drivers can now gain access to average prices per mile, according to their vehicle type and area postcode, on the Exchange.
This is a new subscription service, one which we believe will help make your prices more appealing to load posters.
We’re currently offering TEG PPM for £10/month on top of your Exchange subscription.
This article includes the following FAQs. You can click on each specific question to jump to the answer.
- What are the benefits of this new feature?
- How do I get this feature?
- How much is it?
- How do you calculate this data?
- Why are you giving other people my data? Is this data protected?
- Will I always get the loads I quote for if I use TEG PPM?
- I quoted this PPM but didn't win the load. What happened?
- How do I view the PPM for other vehicle types?
- How do I view the PPM for other locations outside of my postcode?
- If I upgrade my vehicle, will the PPM data upgrade accordingly?
- Why can I only view this via my desktop?
What are the benefits of this new feature?
Want to make your prices more competetive? TEG PPM can help.
TEG PPM shows you the average rates people like you are charging load posters. It allows you to get the price right, and it's tailored to your vehicle and area, giving you an advantage.
With TEG PPM, you can adjust your prices accordingly and get that edge to win more loads, week upon week!
How do I get this feature?
For members on an Owner Driver subscription, click here to add this feature to your subscription.
We’ll be rolling out reports for other members soon. If you aren't an owner driver, but you're interested in gaining access to PPM data, please register your interest here.
How much is it?
Our Owner Driver Level 1 report shows the weekly price per mile for your vehicle type and area for £10/month.
How do you calculate this data?
We calculate this data on a weekly basis, by finding the low, medium, and high mean average prices – according to your area and vehicle type.
For example: CV postcode area. £1m of allocations with 1.2m miles.
TEG PPM = (sum of £ allocations) / (sum of miles) = 1,000,000/1,200,000 = £0.83PPM
Please note: Outliers (the top and bottom 20% of each average) and orders over 10 miles are removed from the data report.
Why are you giving other people my data? Is my data protected?
TEG PPM data is aggregated and anonymised data. This means we’ll never show an individual members’ data on its own. We have a minimum data coverage of three load posters & takers to ensure the data remains anonymous.
Will I always get the loads I quote for if I use TEG PPM?
Not necessarily. TEG PPM is an average from loads on CX, HX and Integra platforms; the actual prices for each load posted vary.
There are many factors that can influence TEG PPM including time of year, supply and demand, and local events.
I quoted this PPM but didn’t win the load. What happened?
There are many factors that affect a load poster’s decision, including your location, feedback, whether they’ve worked with you before, your tracking status, and more.
Please note that there are multiple factors that go into building a successful business on our platform – and while having competitive prices is one of them, you should also establish a strong network, keep clear communications, and provide a great service.
Click here for our article on successful habits, which have helped carriers win loads, on the Exchange.
How do I view the PPM for other vehicle types?
We’re glad you asked! Our level 2 report will include the options to switch between vehicle types. Register your interest here.
How do I view the PPM for other locations outside of my postcode?
We’re glad you asked! Our level 2 report will include the options to switch between difference areas. Register your interest here.
If I upgrade my vehicle, will the PPM data upgrade accordingly?
Yes – it will update on the next weekly refresh.
The Owner Driver Level 1 report shows the price per mile for the vehicle type and postcode on your profile. If you change this, the report will change accordingly.
Why can I only view this via my desktop?
We’re excited to get this new report into the hands of members as quickly as possible, so we’re starting with the desktop version.
When we release this handy feature on mobile apps, we’ll let you know – so stay tuned.
Ready to get the TEG PPM added to your membership? Click here to get a callback for your upgrade.