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Data from TCP’s Recent Survey Featured in Supply Chain Digest

Supply Chain Digest’s “Numbers for the Week” spotlights a statistic from TCP’s recent survey stating that 65 percent of carriers plan to add little or no capacity. Click here to read the full summary.

Carriers Inclined to Add Capacity, But Not by Much

According to an article by Today’s Trucking, carriers are more inclined to add capacity but not by much. For carriers who are planning on adding capacity, it is primarily through company equipment either financed (24.6%), leased (9.6%), or with cash (7%) with fewer choosing independent contractors (19.3%) during the past seven quarters. To read more about carriers’ expectations for capacity, click here.

Rising Rates Contribute to Expansion Plans

A recent article by discusses the results of TCP’s first quarter 2012 Business Expectation Survey and how the rising rates over the past several quarters seem to contribute to carriers’ confidence to expand. Click here to read more.

Tension Between Freight Demand and Capacity Plans

A recent article by the Journal of Commerce discusses the tension between freight demand and carriers’ willingness to add capacity. The article references statistics from TCP’s recent quarterly industry survey — most notably that a third of surveyed carriers expect to see an increase between 0-5 percent, and 25 percent of carriers expect to see an increase between 6-10%. While larger carriers ($25 million or more in revenue) are slightly more likely to expand than smaller carriers, the articles notes that highly profitable carriers such as Knight Transportation are the most likely to expand. Click here to read the full article.

Carriers Not Overly Eager to Add Capacity

Logistics Management reports on the recent findings of TCP’s quarterly Business Expectations Survey that found that while the economy is approving, carriers are not overly eager to add capacity. Batts, who is interviewed for the article, says that “these numbers are not too surprising.” To read more about the reflections of the partners on the data, click here.

General Decline in Number of Carriers Planning on Not Adding Any Capacity

Partners are quoted in a recent article by Fleet Owner Magazine discussing the findings of TCP’s recent industry survey. Since November of 2010 there has been a general decline in the number of carriers who are planning on not adding any capacity. Click here to read the full article.

Richard Mikes Presented Recently at VCF Conference

Richard Mikes, TCP Partner, spoke at the recent VCF Conference in Miami about many of the current trends in the trucking industry such as the capacity crunch and the expected increase in truckload costs. Read Supply Chain Management’s full review of the VCF Conference here.

Carriers Optimistic for 2012 reports on how carriers are optimistic for 2012. According to TCP’s first quarter Business Expectations Survey, 77% of carriers expect volumes to increase in the year ahead and only 2.6% expect volumes to decrease. Click here to read the full article.

Carriers Expect to See Increase in Volumes & Rates in Coming Year

Bulk Transporter reports how carriers expect to see an increase in both volumes and rates in the coming year according to TCP’s recent quarterly industry survey. Both Batts and Mikes are quoted in their analysis of the survey findings. Click here to read the full article.

The 60,000 Questions Interview with Richard Mikes

Jason Rhyno of Today’s Trucking Magazine recently sat down with Richard Mikes of Transport Capital Partners to discuss driver wages and turnover. The results from TCP’s fourth quarter 2011 Business Expectations Survey show that two-thirds of surveyed carriers think that wages must be more than $60,000 to attract and retain drivers. Additionally the American Trucking Association (ATA) data shows that driver turnover rates doubled in the second half of 2011. Mikes discusses the importance of carriers balancing in 2012: balancing available trucks with rising freight volumes and balancing driver wages with existing rates. Read the full “The 60,000 Questions” article here.