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February 15, 2014 - Carriers Continue to Evaluate HOS Impacts

Transport Capital Partners’ (TCP) fourth-quarter survey results showed new Hours of Service rules impacting carrier productivity. TheTrucker.com posted a recent article detailing this impact.

Increases in rates and improved accessorial charges have yet to materialize for many carriers. They are, instead, looking to increase productivity as a means to raising their bottom lines.

However, the new HOS regulations appear to be significantly impacting that avenue of growth.

Seventy-eight percent of carriers reported HOS as having some impact on productivity. Thirty-seven percent say the new regulations will have more than a 5 percent impact.

Amazingly, almost six months after the changes were implemented, 16 percent of carriers still have not determined the impact. 

Read more here.

August 7, 2013 - New Fleet Investments Unlikely for Many Carriers

Recent articles from TodaysTrucking.com and TruckingInfo.com report that inadequate rates of return are keeping fleets from buying.

They share results from the second quarter TCP industry survey that show only slightly over 50 percent of carriers seeing returns on investments that can justify new equipment purchases. This figure is up just four percentage points from November 2012.

Additionally, one-third of all carriers reported having no current plans to add any new equipment. At this time, replacing aging fleets is the principle driver of most equipment investment.

“Higher equipment costs in recent years, combined with the lower utilization resulting from new HOS rules, will continue to make adequate returns on investment a challenge,” said Steven Dutro, TCP partner.

Read the complete articles here and here.

July 24, 2013 - New HOS Leading to Tightening Capacity

TruckingInfo.com references data from the TCP second-quarter industry survey in their recent article. Survey results showed that almost 40% of carriers are expecting utilization to lower more than 5%. Just over 38% of carriers expect under a 5% change while only 3% expect no impact whatsoever. Strikingly, almost 19% of carriers have still not determined the full impact of these new regulations. Click here to read the full article.

July 23, 2013 - Three-Quarters of Carriers Expecting Lower Utilization

TheTrucker.com reports that, with new hours of service regulations, in effect on July 1st, approximately 75% of carriers are expecting utilization to lower. The way shippers work to minimize the impact of these changes will also affect this tightening capacity.

“This potential reduction in truck capacity is hitting at the same time as spot rates are climbing, reflecting a stronger demand in June. Rates will likely increase further in the months ahead,” noted Richard Mikes, TCP Partner.

Full article here.