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December 5, 2012 - Boyd Brothers Acquires Mid Seven Transportation – Facilitated by Transport Capital Partners

Boyd Bros. Transportation recently acquired Mid Seven Transportation in Des Moines, Iowa. Layover Magazine reports on the acquisition which was facilitated by Miller Welborn and Jim Parham of Transport Capital Partners. “It is exciting for me to see Mid Seven Transportation Company become a member of the Boyd Bros. family of carriers,” said Jeff Simpson of Mid Seven. “Both companies have long histories of operating with integrity, commitment to customer service and placing a high value on their employees and independent contractors.” Read the full article here.

 

December 5, 2012 - TruckingInfo.com: Boyd Bros. Acquires Mid Seven Transportation

Boyd Brothers has acquired Mid Seven Transportation, as reported by online trucking magazine TruckingInfo.com.

With revenues in excess of $6 million, Mid Seven will continue to operate as a separate subsidiary. Mid Seven is based in the Midwest United States, with extended shipping to other parts of the country.

Transport Capital Partners was instrumental in facilitating an agreement. Read the article at TruckingInfo.com.

December 4, 2012 - TheTrucker.com: Mid Seven Acquired by Boyd Brothers

TheTrucker.com reports that Boyd Brothers Transportation has acquired Mid Seven Transportation. The transaction was executed with the help of Miller Welborn and Jim Parham of Transport Capital Partners.

“This acquisition by Boyd Bros allows Boyd to move into a market that has historically been a strong flatbed market and also gives the combined companies a strong base to build on  for the future,” says Welborn about the transaction. “Mid Seven has a great reputation to build upon and can grow rapidly.”

“We are proud to add Mid Seven Transportion to the Boyd family of companies,” said Boyd Bros. President Richard Bailey. “We plan to operate Mid Seven autonomously as a separate subsidiary. Mid Seven has some of the best owner operators and employees in the industry and we are especially proud of their safety and service culture.” Read the full article here.

 

November 11, 2012 - Carriers Holding Steady in Flat Economy

From a November 11 article from BigTruckTV, slow growth in the US economy matches the trend in the trucking industry. According to TCP Partner Richard Mikes, “Carriers are not adding capacity as the economy remains relatively flat, used equipment prices go up and conservative equipment plans boost used demand.”

For TCP Partner Lana Batts, “Long term demographics still portend a shrinking driver pool, and current CSA and HOS regulations remove drivers and shorten effective hours (and pay checks) for existing drivers. Some runs that were doable in a day are requiring a sleep break.”

November 9, 2012 - Fourth Quarter Survey Now Open

The Fourth Quarter Business Expectations Survey is now open and carriers are invited to participate. This quarter’s survey questions cover a range of hot topics in the trucking industry in addition to core questions about volumes, rates, and capacity. The questions of this quarter’s survey cover a range of additional topics including:

  • Impact of the presidential election
  • Driver hiring and wages
  • Fuel surcharges and other accessorials

Please email [email protected] if you are a carrier interested in participating.

 

October 18, 2012 - Survey: Truckers’ Wages on the Rise

In an effort to increase driver retention, many carriers are planning to boost wages in the coming year, according to the Third Quarter 2012 Business Expectations Survey by Transport Capital Partners. The online publication Truckers Report claims that this is a step in the right direction, however more will need to be done in order to keep employees satisfied. Read the full article here.

October 17, 2012 - 77% of Carriers Plan to Increase Pay for Drivers

FleetOwner reports that over three-quarters of carriers are planning to give drivers a raise, with close to half of them expecting to increase pay by 2-5%. These figures are based on the quarterly Business Expectations Survey by Transport Capital Partners. TCP Partner Richard Mikes notes that wages in trucking have lagged over the past year when compared to other industries. Healthcare policy is also a concern, due to uncertainty over the fate of the Affordable Care Act. Depending on who wins the Presidential election, the ACA could go into effect, or be overturned. Read the full article here.

October 17, 2012 - Drivers Pay Likely to Increase

Truckinginfo.com reports that three-quarters of carriers are expecting to increase wages in the coming year in an effort to reduce driver turnover. The information comes from the Third Quarter Business Expectation Survey by Transport Capital Partners.

Uncertainty with how the upcoming presidential election will affect health care policies is also a concern for carriers, but not as much as was reported a year ago. TCP Partner Steven Dutro claims, “Without better pay and affordable health care for drivers, carriers will not be able to increase capacity for shippers.” Read the full article here.

October 5, 2012 - BES Survey Points to Limited Growth in Capacity

As reported on Refrigerated Transporter, carriers are not likely to add much capacity in the coming year. According to the quarterly Business Expectations Survey from Transport Capital Partners, the number of carriers expecting to add little or no capacity has remained between 70% and 74% for the past five quarters. TCP Partner Lana Batts cites driver shortages, coupled with CSA and HOS regulations, as having a diminishing effect on equipment purchases.

October 3, 2012 - Freight Carriers Reluctant to Add Capacity

The Third Quarter 2012 Business Expectations Survey from TCP shows that carriers remain slow to add capacity to their fleets. TCP Partner Richard Mikes notes an increase in the used equipment market, while Partner Lana Batts acknowledges the effects of a shrinking driver pool. Read the full article on Automotive World.