diff --git a/test/loadtime/README.md b/test/loadtime/README.md
index f2b01fe02..a0fd73eca 100644
--- a/test/loadtime/README.md
+++ b/test/loadtime/README.md
@@ -1,32 +1,66 @@
 # loadtime
 
-This directory contains `loadtime`, a tool for generating transaction load against Tendermint.
-`loadtime` generates transactions that contain the timestamp corresponding to when they were generated
-as well as additional metadata to track the variables used when generating the load.
+This directory contains the `loadtime` tools, a set of tools for generating
+transaction load against Tendermint and measuring their resulting latency.
+`loadtime` generates transactions that contain the timestamp of when they were
+generated as well as additional metadata to track the variables used when
+generating the load.
 
 
-## Building loadtime
+## Building the tool set
 
-The `Makefile` contains a target for building the `loadtime` tool.
+The `Makefile` contains a target for building the `loadtime` tools.
 
-The following command will build the tool and place the resulting binary in `./build/loadtime`.
+The following command will build the tool and place the resulting binaries in `./build/`.
 
 ```bash
 make build
 ```
 
-## Use
+## `load`
 
-`loadtime` leverages the [tm-load-test](https://github.com/informalsystems/tm-load-test)
+The `load` binary is built when `make build` is invoked. The `load` tool generates
+transactions and broadcasts them to Tendermint.
+
+`load` leverages the [tm-load-test](https://github.com/informalsystems/tm-load-test)
 framework. As a result, all flags and options specified on the `tm-load-test` apply to
-`loadtime`.
+`load`.
 
 Below is a basic invocation for generating load against a Tendermint websocket running
 on `localhost:25567`
 
 ```bash
-loadtime \
+./build/load \
     -c 1 -T 10 -r 1000 -s 1024 \
     --broadcast-tx-method sync \
     --endpoints ws://localhost:26657/websocket
 ```
+
+## `report`
+
+The `report` binary is built when `make build` is invoked. The `report` tool
+reads all of the blocks from the specified blockstore database and calculates
+transaction latency metrics. `report` reads transactions generated by `load`
+and uses the difference between the timestamp contained in the transaction and
+the timestamp of the block the transaction was executed in determine transaction latency.
+`report` outputs a set of metrics calculated on the list of latencies, including
+minimum, maximum, and average latency as well as the standard deviation.
+
+Below is a basic invocation of the report tool with a data directory under `/home/test/.tendermint/data/`
+where the data was saved in a `goleveldb` database.
+
+
+```bash
+./build/report --database-type goleveldb --data-dir ~/.tendermint/data
+```
+
+
+The `report` tool also supports outputting the raw data as `csv`. This can be
+useful if you want to use a more powerful tool to aggregate and analyze the data.
+
+Below is an invocation of the report tool that outputs the data to a `csv` file
+in `out.csv`
+
+```bash
+./build/report --database-type goleveldb --data-dir ~/.tendermint/data --csv out.csv
+```