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News

Practical Miles vs. Shortest Miles Formula

DC Velocity writer, Mark B. Solomon, discusses TCP’s finding regarding the change to the “Practical Miles” trucker pay formula from the more traditional “Shortest Miles” formula. Read more.

Almost Seventy Percent of Carriers Expect Volumes to Increase

The Trucker.com captured TCP’s third quarter survey results in an online article entitled, “Carriers: freight volume to increase in next year, but capacity won’t.” The article quotes both Lana Batts and Richard Mikes, TCP managing partners. Read more.

Carriers Plan to Use Independent Contractors and Used Trucks to Add Capacity

Truckinginfo.com displayed the survey results for TCP’s Business Expectation Survey, quoting Lana Batts, managing partner for TCP, about the specific ways carriers intend to add capacity in the next year. These plans include the use of both independent contractors and used trucks, despite high cost and limited availability. Read more.

Both Small and Large Carriers Hesitant to Add Capacity

FleetOwner.com highlights TCP’s Third Quarter Business Expectation Survey’s findings that carriers expect to see volumes and rates increase in the coming year. The article also discusses the survey results which show hesitation of both large and small carriers to add capacity in the next twelve months. Read the full article.

Effects of the Improving Economy on the Transportation Industry

An article by Truckinginfo.com says that TCP’s most recent Business Expectations Survey reports important findings about the effects of the improving economy on the transportation industry. The article focuses on carriers’ increased interest in mergers and acquisitions. Read the full article.

Due to Trucker Shortage, Increased Focus on Recruitment Efforts

Refrigerated Transporter also points out TCP’s finding that there is a trucker shortage. While larger carriers have a more difficult time recruiting new drivers, an increased focus on improving recruitment efforts is evident throughout the industry. Read the full article.

Two-Thirds of Carriers Report Driver Shortage

According to TodaysTrucking.com, TCP’s Business Expectations Survey offers much insight into the current supply and demand dynamics of drivers in the trucking industry. While trucker recruiting is a growing problem during this shortage, truckers are in a favorable position. Read the full article.

Carriers Focus on Recruiting Drivers and Using Fewer Brokers

In the article “Next Exit: Driver Shortage?” Getloaded.com discusses the predicted scarcity of truck drivers and the implications of this condition for the industry. The author highlights TCP’s findings that industry professionals are focusing on recruiting drivers and are using fewer brokers. Read the full article.

Driver Shortage Due to Increased Freight

Truckinginfo.com discusses TCP’s Business Expectation Survey’s finding that there is currently a driver shortage due to increased amounts of truck freight. The article notes carriers’ reported decrease in dependence on brokers and a supply-demand dynamic that favors truckers. Read the full article.

Driver Shortage Increases Recruiting Efforts

Kevin Jones of TheTrucker.com reports TCP’s latest Business Expectations Survey’s findings about how carriers are responding to the current driver shortage. Because of this shortage, carriers are working to improve driver recruiting efforts. Read the full article.