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More Carriers Have Made Changes to their Businesses in the Last Year

Transport Topics acknowledges a TCP report noting that 32% of carriers have made changes to their businesses in the past year, compared to 23% from last year’s survey. Richard Mikes, TCP partner, said, “Long-term strategy has come to the forefront as carriers cope with high demands for equipment and balance that with rising equipment costs, driver constraints, and operating dynamics.” Read the full article here.

Freight Rates Rise, But Fuel Surcharges Not Covering Costs

The, America’s Trucking Newspaper, quoted TCP on the recent survey that found that a majority of carriers are reporting rates increases, but most of these increases are less than five percent. Seventy percent of respondents said the fuel surcharges are not covering costs, however. Read more.



Carriers Investing More in CSA

A recent article by Today’s Trucking states that according to results from TCP’s First Quarter Business Expectations Survey, carriers are investing in CSA through a variety of methods including training for drivers, changing how sub-performing driving is monitored, and investing in technology. Both Lana Batts and Jim Parham are quoted. To read more about the changes carriers are making to comply with CSA regulations, read the full article

Carriers Getting Better Spot Market Rates

Lana Batts, TCP Partner, was recently quoted in an article by Logistics Management discussing the Transcore’s reports on spot market data in March. Batts discusses how the dips and falls in the market have impacted the spot market and that right now carriers “are getting better spot market rates than they are getting out of their contract rates.” Click here to read more about spot market trends.

Carriers Using a Variety of Methods to Comply with CSA Regulations reports a sharp increase in the number of carriers making efforts to comply with CSA regulations. Whereas in 2010 50% of carriers were unprepared for the CSA, TCP’s latest survey reveals that 65% of carriers are using at least three different methods to meet regulations. Read more here.

Carriers Using More Brokers

Transport Topics cites a TCP report revealing a sharp increase in the number of motor carriers using brokers over the same month last year. This increase is attributed to the fact that the spot market pays higher than contract rates. Read more here.

Business Expectations Survey Featured in Heavy Duty Trucking Magazine

TCP’s First Quarter 2012 Business Expectations Survey was the feature story in Heavy Duty Trucking Magazine‘s April Headline Newsletter. TCP partner Richard Mikes acknowledges that “the agility of the trucking industry to adapt to change has been clearly evident with new safety methods and cooperation from drivers in a true team effort”. Click here to read the article.

Carriers Moving Away from the Use of Brokers

As reported by Bulk Transporter, carriers are moving away from the use of brokers. According to TCP’s First Quarter 2012 Business Expectations Survey, 33% of carriers are using more brokers whereas 67% are using less. Read the full article here.

Carriers Experience Challenges Balancing Capacity and Drivers

In a recent article by Logistics Management about the slight decrease in driver turnover of large fleets in the last quarter, Lana Batts is quoted discussing the current challenges that carriers face balancing capacity and drivers. Read the full article here.

Carriers Reducing Use of Brokers

Logistics Management uses a recent TCP study to determine that as a percentage of total revenue, carriers are reducing their use of brokers. TCP partners explain their finding in detail here.