Unregistered Carriers on 5/27/2009 - 4002
Unregistered Carriers on 5/28/2009 - 3997
Yesterday's Registrations (IL system) - 18 / $1010 (avg $56)
We are now officially under 4,000 unregistered carriers! I know that doesn't sound like much of a milestone, but those of you who are following this blog know how much effort we are putting into "getting to zero", and we are pleased to see it!
You may have noticed that I've been posting our daily UCR registrations, the amount of revenue we receive from those registrations and the average registration amount. For the month, we have registered 568 carriers and collected just under $56,000.
As the remaining unknown (unregistered) carriers become the known (registered), we can see those registrations translating to an average of about $100 per registration. Even if every one of the remaining 3,997 carriers registers (which is highly unlikely because we believe another 10-20% of these records will be deactivated before it's all over), we will only generate $400,000 in additional revenue.
Is it worth the effort? That depends on how you look at it. Since we are committed to trying to "get to zero", the point is almost moot. But the discussion is worth having on a broader scale in light of the definition of the phrase "reasonable effort".
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