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Increase in Carriers Interested in Making a Strategic Acquisition

A recent article by Fleet Owner magazine cited TCP’s recent Business Expectations Survey which found a record number of carriers are interested in making a strategic acquisition in the next 18 months. Richard Mikes was quoted in the article as saying: “A lot of fleets buy and sell for different reason, but what we’re seeing now is that there are more strategic buyers in the market versus purely financial buyers.” Click here to read the full article.

Transportation Issues Absent from Presidential Discourse

Lana Batts is quoted in a Logistic Management article citing the absence of infrastructure discussion in the political discourse. “Neither party wants to address the fact that the infrastructure is crumbling beneath their very feet because it means raising taxes to pay for it,” Batts said. “Building the interstate system took a visionary; maintaining it takes politicians with the guts to raise taxes and not just cut ribbons.” Read the full article here.

Carriers’ Volume Expectations Dip According to Recent Survey reports on TCP’s recent Third Quarter Business Expectations Survey which found that the uncertainty of the economy is impacting carriers’ expectations about business volumes and freight rates. The percentage of carriers expecting business volumes to simply remain the same nearly doubled – jumping from 26% in May of 2012 to 43% this quarter. Read the full article here.

Survey: Half of Carriers Consider Switch to Natural Gas

In a survey by Transport Capital Partners and ACT Research, over 50% of carriers report considering buying natural gas vehicles. TCP Partner Richard Mikes notes significant savings at the pump. Read the full article here.