Schilli Transportation News, a news resource from Schilli Transportation Services, notes TCP’s findings that 445 bankruptcies occurred in the trucking industry in the last quarter of 2009 and that over 170,000 trucks have become inactive over the past year and a half due to bankruptcies. Read the full article.
May 4, 2010 -
Shortage of Trucks Could Lead to Higher Rates
April 12, 2010 -
Mergers and Acquisitions on the Rise
Mikes is quoted in a recent Transport Topics article which highlights the growing interest in mergers and acquisitions in the transportation industry. Factors such as the improving economy and greater business potential have accelerated the mergers and acquisitions market. To read more about recent acquisitions and the growing trend, read the full article.
April 9, 2010 -
Trucking Largely Unaffected by Maritime Transportation
TCP Managing Partner Lana Batts responded to the Department of Transportation’s “America’s Marine Highway” program in “Marine Highways Not Seen As Big Competitor to Trucking.” Batts asserts the trucking industry is safe unless “unless you can figure out how to get the barge to pull up to the dock at Wal-Mart.”
Read the full article here.
April 9, 2010 -
Carriers Unprepared for CSA 2010
Truckininfo.com cites Transport Capital Partner’s Business Expectations Quarterly Survey in “Half of Truckload Carriers Unprepared for CSA 2010.” Managing partners Richard Mikes and Lana Batts comment on the carrier unpreparedness. Read the full article here.
April 1, 2010 -
Carriers Hesitate to Purchase New Equipment
In “Carriers Still Slow to Buy New Equipment: TCP Survey,” Bulk Transporter highlights TCP’s Business Expectations Survey’s finding that about half of carriers do not plan to buy new trucks very soon and discusses related findings. Read the full article here.
March 26, 2010 -
Half of Carriers Plan to Add Capacity
In “Carriers Hesitant to Add New Equipment,” Truckinginfo.com uses information from the Business Expectations Quarterly survey to assert that 56% of carriers expect to grow by adding new capacity from company-owned equipment rather than independent carriers. The article quotes managing TCP partners Richard Mikes and Lana Batts. Read the full article here.
March 22, 2010 -
C. Bean Transport Files Chapter 11 Bankruptcy
In an article about the recent bankruptcy of a trucking company in Arkansas, The Journal of Commerce quotes TCP’s Lana Batts about the future of financing trucks. Read the full article here.
March 18, 2010 -
Acquisitions Likely in Tough Economy
Commercial Carrier Journal Digital in their article “TCP Survey Shows One in Four Carriers Pondering Quitting” cites the recent TCP Business Expectations Survey. Managing Partners Lana Batts and Richard Mikes commented on the results agreeing that the industry is prime for a flood of acquisitions.
Read the full article here.
March 17, 2010 -
Carriers Consider Leaving the Business
In “One Fourth of Carriers Looking at Leaving the Industry,” TruckingInfo.com reports results from Transport Capital Partners’ (TCP) Business Expectations Survey. The survey, conducted quarterly, indicated that carriers have become more confident in rates and volumes, but their hopes for long term survival are not so optimistic, with one in four considering selling if conditions don’t improve in the next six months.
Read the full article.
March 17, 2010 -
One in Four Carriers Consider Selling
In the article “TCP Survey Shows One in Four Carriers Consider Selling,” TodaysTrucking.com summarizes TCP’s Business Expectations Survey results, focusing on the findings that many surveyed carriers have confidence in the coming year while about 25% of carriers are thinking about leaving the industry over the next year and a half. Read the full article here.
