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 18, 2012 -
Survey: Truckers’ Wages on the Rise
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.
October 3, 2012 -
Carrier Capacity Unlikely to Expand in Coming Year
TruckingInfo.com reports that “Few Carriers Expect to Add Much Capacity in Next Year,” citing Transport Capital Partners’ Third Quarter 2012 Business Expectations Survey. TCP Partner Richard Mikes notes, “Carriers are not adding capacity as the economy remains relatively flat and used equipment prices go up and conservative equipment plans boost used demand.” Read the full article here.
September 28, 2012 -
Increase in Carriers Interested in Making a Strategic Acquisition
A recent article by Fleet Owner magazine cited TCP’s recent Business Expectations Survey which found a record number of carriers are interested in making a strategic acquisition in the next 18 months. Richard Mikes was quoted in the article as saying: “A lot of fleets buy and sell for different reason, but what we’re seeing now is that there are more strategic buyers in the market versus purely financial buyers.” Click here to read the full article.
September 14, 2012 -
Carriers’ Volume Expectations Dip According to Recent Survey
MonitorDaily.com reports on TCP’s recent Third Quarter Business Expectations Survey which found that the uncertainty of the economy is impacting carriers’ expectations about business volumes and freight rates. The percentage of carriers expecting business volumes to simply remain the same nearly doubled – jumping from 26% in May of 2012 to 43% this quarter. Read the full article here.
July 11, 2012 -
Carriers Expecting an Increase in Driver Wages Over the Next Year
Carriers are expecting an increase in driver wages over the next year, but a majority of carriers expect the increase to be less than 5% reports Today’s Trucking. This slight increase, however, will not be enough to attract news drivers to a career in trucking, says TCP Partner Lana Batts, in conversations about the data from TCP’s second quarter Business Expectations Survey. Read more here.
July 11, 2012 -
Carriers Anticipate Small Increase in Driver Wages
Bulk Transporter discusses the recent TCP Business Expectations Survey which found that while 93% of carriers anticipate an increase in driver wages, that 71% expect these increases to be under 5%. For more information about the survey findings, read the full article here.
