As reported by Bulk Transporter, carriers are moving away from the use of brokers. According to TCP’s First Quarter 2012 Business Expectations Survey, 33% of carriers are using more brokers whereas 67% are using less. Read the full article here.
April 11, 2012 -
Carriers Moving Away from the Use of Brokers
April 9, 2012 -
Carriers Reducing Use of Brokers
Logistics Management uses a recent TCP study to determine that as a percentage of total revenue, carriers are reducing their use of brokers. TCP partners explain their finding in detail here.
April 9, 2012 -
Carrier Capacity Expectations Increase in First Quarter
Transport Topics cites a TCP survey indicating an increase in carrier capacity in the first quarter of 2012. TCP partners Richard Mikes and Lana Batts attribute the increase in carrier confidence to favorable interest rates and reports of growth in the industry. Read more here.
April 6, 2012 -
Carriers Attracted to Spot Market Due to Higher Rates
TruckingInfo.com reports on the effect of spot market rates on broker usage. Citing TCP data from the past year, TCP partner Lana Batts states that “while some carriers might use brokers to increase freight, TCP believes that most of these carriers are attracted to the spot market due to higher rates.” Read the article here.
April 2, 2012 -
Carriers Leaning Towards Company Equipment to Add Capacity
Based on the findings from TCP’s recent industry survey, TheTrucker.com discusses how carriers are slightly less hesitant to add capacity and are leaning towards company equipment – cash, financed, and leased, to add that capacity. Fewer carriers are saying “no” to capacity increases, and more carriers are looking to add more than 5 percent. Click here to read more.
April 2, 2012 -
Rate Spike in Early Summer Seems Likely
Desi Trucking Magazine highlights the findings on volume and rate expectations of TCP’s first quarter industry survey. “If volumes follow the same pattern as 2011,” note the partners, “the possibility of a generally upwards rate trend over the coming year with a rate spike in early summer seems likely.” Click here to read the full article.
March 30, 2012 -
Data from TCP’s Recent Survey Featured in Supply Chain Digest
Supply Chain Digest’s “Numbers for the Week” spotlights a statistic from TCP’s recent survey stating that 65 percent of carriers plan to add little or no capacity. Click here to read the full summary.
March 29, 2012 -
Carriers Inclined to Add Capacity, But Not by Much
According to an article by Today’s Trucking, carriers are more inclined to add capacity but not by much. For carriers who are planning on adding capacity, it is primarily through company equipment either financed (24.6%), leased (9.6%), or with cash (7%) with fewer choosing independent contractors (19.3%) during the past seven quarters. To read more about carriers’ expectations for capacity, click here.
March 29, 2012 -
Rising Rates Contribute to Expansion Plans
A recent article by TruckingInfo.com discusses the results of TCP’s first quarter 2012 Business Expectation Survey and how the rising rates over the past several quarters seem to contribute to carriers’ confidence to expand. Click here to read more.
March 29, 2012 -
Tension Between Freight Demand and Capacity Plans
A recent article by the Journal of Commerce discusses the tension between freight demand and carriers’ willingness to add capacity. The article references statistics from TCP’s recent quarterly industry survey — most notably that a third of surveyed carriers expect to see an increase between 0-5 percent, and 25 percent of carriers expect to see an increase between 6-10%. While larger carriers ($25 million or more in revenue) are slightly more likely to expand than smaller carriers, the articles notes that highly profitable carriers such as Knight Transportation are the most likely to expand. Click here to read the full article.
