StateImpact, a reporting project of local public media and NPR, reported recently on TCP’s special survey about the potential of natural gas as a primary fuel source for trucking companies. Despite the fact that natural gas is half the price of diesel, 94% of carriers express concern about natural gas availability and infrastructure. Read the news briefing here.
August 22, 2012 -
StateImpact reports on TCP’s Natural Gas Survey
August 16, 2012 -
Batts Quoted in Virtual-Strategy Magazone
TCP Partner Lana Batts was recently quoted in Virtual-Strategy Magazine about Internet Truckstop’s Trans4Cast. Batts said, “The ATA’s tonnage is primarily from contract rates and are usually tied to one-year contracts; Internet Truckstop’s data is spot market and tells us more what is happening now with supply and demand.” To read the full article, click here.
July 27, 2012 -
Batts Quoted in DC Velocity Article
TCP Partner Lana Batts is quoted in a recent article by DC Velocity about the problems that truckload carriers are currently experiencing. Fleets are aging and the costs of labor, fuel, and insurance are escalating. Batts points out that shippers are “holding the line on rate increases” making it difficult for carriers to recoup costs. Read the full article about cost pressures in the trucking industry here.
July 11, 2012 -
Carriers Expecting an Increase in Driver Wages Over the Next Year
Carriers are expecting an increase in driver wages over the next year, but a majority of carriers expect the increase to be less than 5% reports Today’s Trucking. This slight increase, however, will not be enough to attract news drivers to a career in trucking, says TCP Partner Lana Batts, in conversations about the data from TCP’s second quarter Business Expectations Survey. Read more here.
July 11, 2012 -
Carriers Anticipate Small Increase in Driver Wages
Bulk Transporter discusses the recent TCP Business Expectations Survey which found that while 93% of carriers anticipate an increase in driver wages, that 71% expect these increases to be under 5%. For more information about the survey findings, read the full article here.
July 11, 2012 -
Impact of Driver Shortage on Driver Wages
A recent article by DC Velocity discusses the concerns of carriers that a shortage of qualified truck drivers will lead to a large increase in driver wages. The article bases the information on findings from TCP’s second quarter Business Expectations Survey. For more information about carriers’ expectations for driver wages, read the full article here.
July 10, 2012 -
Small Increases in Driver Wages Likely to Exacerbate Driver Turnover
TheTrucker.com highlights how small increases in driver wages will likely exacerbate driver turnover and deter possible new long-term drivers. The full article also discusses that while fuel prices have decreased slightly, carriers are still working on a variety of strategies to improve their full economy. Results from TCP’s recent industry survey are cited. Read the full artlcle here.
July 10, 2012 -
Driver Turnover Reaches Highest Mark Since 2008
FleetOwner reports on the “Slow Climb of Driver Wages Pressuring Turnover Rate” and discusses findings of TCP’s recent industry survey. While driver wages are climbing slowly, growth in other industries such as construction could prevent potential drivers from re-entering the industry. Additionally, driver turnover reached its highest mark since the first quarter of 2008 with 90% turnover in the first quarter of this year. Read the full article here.
June 27, 2012 -
Dedicated Services a Win for Both Carriers and Shippers in Long-Term
Carriers are reluctant to add capacity, says TheTrucker.com in a recent article citing TCP’s Second Quarter 2012 Business Expectations Survey. Mikes is cited in the article discussing how, in the long run, dedicated services will be a win for both carriers and shippers. To read the full article and findings from the survey, click here.
June 27, 2012 -
Shippers Also Worried about CSA Scores
Steelhead Finance reports on the TCP’s recent industry survey that found that shippers are also worried about the CSA scores of carriers. Over 72% of surveyed carriers say that some of their customers are concerned about CSA scores. For more information on carriers future expectations for CSA scores, read the full article here.
