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.
March 29, 2012 -
Tension Between Freight Demand and Capacity Plans
March 29, 2012 -
Carriers Not Overly Eager to Add Capacity
Logistics Management reports on the recent findings of TCP’s quarterly Business Expectations Survey that found that while the economy is approving, carriers are not overly eager to add capacity. Batts, who is interviewed for the article, says that “these numbers are not too surprising.” To read more about the reflections of the partners on the data, click here.
March 23, 2012 -
Richard Mikes Presented Recently at VCF Conference
Richard Mikes, TCP Partner, spoke at the recent VCF Conference in Miami about many of the current trends in the trucking industry such as the capacity crunch and the expected increase in truckload costs. Read Supply Chain Management’s full review of the VCF Conference here.
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.
January 10, 2012 -
Carriers Still Hesitant to Add Capacity
TCP’s fourth quarter 2011 Business Expectations Survey found that carriers are still hesitant to add capacity, and TheTrucker.com discusses how, for the last six quarters, carriers’ plans to expand have remained consistent. For more information, read the full article here.
October 24, 2011 -
Potential for Truck Shortage Based on Carriers’ Hesitancy to Add Capacity
AmericanShipper.com discusses the tension between carriers who are hesitant to add capacity and the possibility that, with a slight improvement in the economy, there will be a truck shortage. Batts, who spoke for a Stifel Nicolaus Capital Markets conference call on October 12th, was quoted in the article. To read more about the Third Quarter TCP Business Expectations Survey and Batts’ reflections, click here.
October 5, 2011 -
Truck Order Higher Than Expected in September But Capacity Increases Still Uncertain
FleetOwner.com speculates the upcoming future of the trucking industry and cites the Third Quarter TCP Business Expectations Survey. According to ACT Research Co., truck orders for September exceeded expectations, and another report shows that the non-manufacturing sector continues to grow. Capacity increases are still uncertain however, and many carriers report not planning on adding significant capacity. For more information, read the full article.
October 5, 2011 -
Carriers Backing Away from New Truck Buying Plans
TruckingInfo.com reports how carriers are backing away from new truck buying plans and are unsure of how to add capacity. The article cites the Third Quarter TCP Business Expectations survey as well as quoting both Batts and Mikes. To read more about carriers’ feelings on adding capacity, read the full article.
May 5, 2011 -
Nation’s Leading Shipping Executives Didn’t Get to the Top by Accident
In an article from DC Velocity, the recent TCP survey is quoted. The nation’s leading shipper executives didn’t rise to the top of their profession by accident. It took resourcefulness and determination, honed by decades of experience and results, to get to where they are. Read the full article.
