Your most important decisions deserve the most qualified advisors.

News

Uncertainty in the Economy Affecting Carriers Outlook

TheTrucker.com cites the TCP Third Quarter Business Expectations Survey which suggests that the uncertainty in the economy is affecting carriers’ outlook in business volumes. Read the full article here.

Number of Carriers Expecting Business Volumes to Increase is Down

In May of 2011, almost 80% of carriers surveyed expect business volumes to increase but this number shrank down to only 48% of carriers in TCP’s recent survey. Both Batts and Mikes were quoted in TruckingInfo.com’s article. Read the full article here.

TCP Announces the Addition of Jim Parham as Managing Partner

FleetOwner.com reports on TCP’s recent announcement of the addition of Jim Parham as a managing partner of the firm. Parham has over 40 years of experience in the industry, including 25 years as President of Jim Parham & Associates. Read the full article here.

Acquisitions a Great Way to Expand a Company’s Services

Transport Topics reports on the recent acquisition of Specialized Transportation Inc. by CRST International, a move that greatly expands the services the company is able to offer. Batts discusses how the aftermath of the Great Recession is causing carriers, like CRST International, must think differently about business practices in order to be competitive in today’s market; read more here.

More Smaller Carriers Eager to Sell

Richard Mikes is quoted in an article in the Commercial Carrier Journal regarding the increase of carriers – particularly smaller carriers – that are eager to sell. While in 2006 and 2007 the climate was a “seller’s market,” the number of carriers willing to sell now makes it a “buyer’s market.” To read more about the current mergers and acquisitions market in the transportation industry, click here.

Recent Increase in Driver Turnover for Large Fleets

Transport Topics reports that in the first quarter of this year, driver turnover “reached the highest level in nearly three years” for larger fleets ($30 million in revenue or more). Mikes points out that smaller fleets are more inclined to have less turnover as they “tend to have shorter lengths of haul, which gives drivers more time at home.” To read more about the recent increase in driver turnover, click here.

Survey Places Carriers “In the Driver’s Seat” Over the Year Ahead

Fleet Owner reports on TCP’s recent Business Expectation Survey and that trucking looking up over the next year. Read the full article.

 

Carrier Expectations Still Strong

TruckingInfo.com reports on TCP’s second quarter Business Expectations Survey that found that carrier expectations are still strong with more than 80 percent of carriers expecting volume increases in the next 12 months. Read the full article.

Eighty Percent of Carriers Expecting Volume Increases

Automotive World: The recent Second Quarter Business Expectations Survey from Transport Capital Partners (TCP) has reported that more than 80% of the US freight hauliers/carriers responding were expecting volume increases… Read the full article.

Nation’s Leading Shipping Executives Didn’t Get to the Top by Accident

In an article from DC Velocity, the recent TCP survey is quoted. The nation’s leading shipper executives didn’t rise to the top of their profession by accident. It took resourcefulness and determination, honed by decades of experience and results, to get to where they are. Read the full article.