According to TCP’s fourth quarter carrier industry survey and a recent article by Bulk Transporter, driver issues continue for carriers. While a driver shortage still exists, Mikes, TCP Partner, notes that “Carriers are aggressively recruiting and are opening more training slots, while the lack of extension of unemployment benefits is potentially encouraging people to seek jobs and training.” Click here to read more.
February 1, 2012 -
Driver Shortage Continues But Carriers Are Agressively Recruiting
January 27, 2012 -
Health Care Costs Rising
A recent article by InsuranceNewsNet.com discussed the impact of rising healthcare costs on businesses nationwide. The article cites the findings of TCP’s fourth quarter 2011 Business Expectations Survey which found that 80% of carriers surveyed will be adversely affected by recent healthcare changes. In 2012, the healthcare premium rate increase is predicted at 7% and average premium price per employee at $10,475. To read more about the variety of methods discussed for combating these rising costs, click here.
January 26, 2012 -
Are Health Care Costs Eating Carriers Alive?
Fleet Owner questions what impact rising health care costs will have on carriers by referencing results from TCP’s recent Business Expectations Survey. To read more about carriers’ thoughts and strategies on combating these costs, click here.
January 26, 2012 -
Smaller Carriers More Likely to be Impacted by Health Care Changes
Batts and Mikes are both quoted in an article by TruckingInfo.com that highlights the findings about health care costs from TCP’s recent survey. According to the survey, smaller carriers are more likely to be negatively impacted by healthcare changes that larger carriers who plan to implement numerous strategies such as wellness plans. Click here to read the full article.
January 25, 2012 -
Survey Questions What Effects Health Care Changes Will Have on Carriers
An article by TheTrucker.com discusses whether or not recent changes in health care will have an adverse effect on carriers, a question asked in TCP’s recent Business Expectations Survey. TCP partners speculate that the 19% of carriers who reported no adverse effect may be primarily independent contractor firms. Click here to read the full article.
January 25, 2012 -
Survey Results Suggest a 30% Increase in Current Driver Pay
A recent article by Supply Chain Digest (SCD) says that the findings from TCP’s fourth quarter survey regarding driver wages would signify a 30% increase in current pay. Due to this increase rates would have to be raised by at least 11%. Click here to read more and to view the graphics SCD selected for the article.
January 18, 2012 -
Carriers Anticipate an Increase in Driver Wages
A recent article by TruckingInfo.com highlights some of the findings in TCP’s recent fourth quarter 2011 Business Expectations Survey which shows that 65% of carriers anticipate that driver pay will need to be north of $60,000 to both attract and retain drivers. Read the full article here.
January 18, 2012 -
Balance a Keyword in 2012
An article from Today’s Trucking discusses the findings of TCP’s recent survey which shows that a driver shortage continues and wage expectations for drivers has shifted. Some of the partners were quoted discussing the results, noting that “balance will be a keyword in 2012”. Click here to read the full article.
January 11, 2012 -
Increase in Capacity Not Planned Until Rates Improve
Seventy-three percent of responding carriers in TCP’s recent survey said that they will not add any sort of significant capacity until rates improve. Twenty-five percent of carriers said that the operating ratio would need to be 87-90, while 50% said that it would need to be between 91-94. Click here to read Truckinginfo.com’s full review.
January 11, 2012 -
Majority of Carriers Are Planning to Add Little or No Capacity
Both Batts and Mikes were recently quoted in Fleet Owner’s article discussing TCP’s fourth quarter Business Expectations survey that found that 73% of carriers plan to add 0-5% capacity. TCP believes that these expectations are impacted by low GDP predictions, escalating costs and regulatory constraints, and an unclear path towards higher rates. For more information, read the full article here.
