While smaller carriers are more optimistic about business volume increases over the next six months, there are still a significant number (20% of those surveyed in TCP’s recent Business Expectations Survey) that are strongly considering leaving the industry. To read the full coverage by TodaysTrucking.com, click here.
October 26, 2011 -
Twenty Percent of Surveyed Carriers Would Consider Leaving the Industry
October 26, 2011 -
Many Carriers Are Considering Leaving the Industry
In a recent article by TruckingInfo.com, Batts and Mikes are quoted regarding the recent findings from the Third Quarter TCP Business Expectations Survey. Given uncertainty about volumes, rates, drivers, and the economy, many carriers are considering leaving the industry. For more information, read the full article.
October 24, 2011 -
Potential for Truck Shortage Based on Carriers’ Hesitancy to Add Capacity
AmericanShipper.com discusses the tension between carriers who are hesitant to add capacity and the possibility that, with a slight improvement in the economy, there will be a truck shortage. Batts, who spoke for a Stifel Nicolaus Capital Markets conference call on October 12th, was quoted in the article. To read more about the Third Quarter TCP Business Expectations Survey and Batts’ reflections, click here.
October 20, 2011 -
Tendency for Carriers to Use Contractors to Expand Fleets is Down
While the use of independent contractors has remained steady over the last five quarters, the tendency for carriers to use contractors to expand their fleets is trending down. TruckingInfo.com quotes Batts and Mikes on the findings from TCP’s recent Business Expectations Survey. To read the full article, click here.
October 13, 2011 -
Canadian Trucking Alliance Reports on Recent TCP Survey
The Canadian Trucking Alliance reports on the most recent TCP Business Expectations Survey by highlighting the decrease in the use of brokers in the industry. To read more about the future of brokers in the trucking industry, click here.
October 5, 2011 -
Truck Order Higher Than Expected in September But Capacity Increases Still Uncertain
FleetOwner.com speculates the upcoming future of the trucking industry and cites the Third Quarter TCP Business Expectations Survey. According to ACT Research Co., truck orders for September exceeded expectations, and another report shows that the non-manufacturing sector continues to grow. Capacity increases are still uncertain however, and many carriers report not planning on adding significant capacity. For more information, read the full article.
October 5, 2011 -
Carriers Backing Away from New Truck Buying Plans
TruckingInfo.com reports how carriers are backing away from new truck buying plans and are unsure of how to add capacity. The article cites the Third Quarter TCP Business Expectations survey as well as quoting both Batts and Mikes. To read more about carriers’ feelings on adding capacity, read the full article.
October 4, 2011 -
Parham Brings 40 Years of Experience to TCP
TruckingInfo.com reports the recent addition of Jim Parham to the Transport Capital Partners team. Parham brings more than 40 years of experience in the transportation industry. For more information about Parham and Transport Capital Partners, read the full article.
September 29, 2011 -
Carriers Are Taking Accessorial Charges to Shippers
The Journal of Commerce reports online that truckload carriers are taking accessorial charges (one-time fees for special services) to shippers. The article cites findings from TCP’s recent survey which asked carriers about a variety of industry issues, including renegotiation of accesorials. The article mentions that companies like UPS and FedEx Express have long used these charges and 68% of the carriers surveyed plan on renegotiating these fees as well. Click here to read more.
September 28, 2011 -
Tonnage “In Check” and In Line With Historical Trends
Despite a decline in tonnage, FleetOwner.com reports some interesting news for the trucking industry. According to chief ATA economist Bob Costello, the number of trucks operating is down and carriers are having trouble recruiting drivers, which is keeping “tonnage in check.” The decrease in tonnage, however, is in line with historical trends and over half of carriers from TCP’s Third Quarter Business Expectations survey said that their rates did increase over the last three months. Read the full article here.
