Gross ton miles (GTM) is a measurement used in the transportation industry to determine the total amount of weight that a transportation company has moved over a given period of time. In simple terms, GTM measures the amount of cargo that has been transported by a company, taking into account both the weight of the cargo and the distance it has been moved.
To calculate GTM, a company multiplies the weight of the cargo moved by the distance it was transported. For example, if a company transported 1000 tons of cargo over a distance of 10,000 miles, its GTM would be 10 million (1000 x 10,000).
GTM is an important metric in the transportation industry as it allows companies to track their performance and efficiency over time. By monitoring their GTM, companies can identify areas where they may be able to improve their operations, such as by optimizing their routes or improving their logistics management.
GTM is particularly useful for companies that transport bulk goods, such as oil, coal, or grain. However, it can also be used to measure the movement of other types of cargo, including manufactured goods and consumer products.
Overall, GTM is a valuable tool for transportation companies to assess their performance and make informed decisions about their operations.
Gross ton miles (GTM) is a measurement used in the transportation industry to determine the total amount of weight that a transportation company has moved over a given period of time. In simple terms, GTM measures the amount of cargo that has been transported by a company, taking into account both the weight of the cargo and the distance it has been moved.
To calculate GTM, a company multiplies the weight of the cargo moved by the distance it was transported. For example, if a company transported 1000 tons of cargo over a distance of 10,000 miles, its GTM would be 10 million (1000 x 10,000).
GTM is an important metric in the transportation industry as it allows companies to track their performance and efficiency over time. By monitoring their GTM, companies can identify areas where they may be able to improve their operations, such as by optimizing their routes or improving their logistics management.
GTM is particularly useful for companies that transport bulk goods, such as oil, coal, or grain. However, it can also be used to measure the movement of other types of cargo, including manufactured goods and consumer products.
Overall, GTM is a valuable tool for transportation companies to assess their performance and make informed decisions about their operations.
previous