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 -
Freight Carriers Reluctant to Add Capacity
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.
July 11, 2012 -
Impact of Driver Shortage on Driver Wages
A recent article by DC Velocity discusses the concerns of carriers that a shortage of qualified truck drivers will lead to a large increase in driver wages. The article bases the information on findings from TCP’s second quarter Business Expectations Survey. For more information about carriers’ expectations for driver wages, read the full article here.
July 10, 2012 -
Small Increases in Driver Wages Likely to Exacerbate Driver Turnover
TheTrucker.com highlights how small increases in driver wages will likely exacerbate driver turnover and deter possible new long-term drivers. The full article also discusses that while fuel prices have decreased slightly, carriers are still working on a variety of strategies to improve their full economy. Results from TCP’s recent industry survey are cited. Read the full artlcle here.
July 10, 2012 -
Driver Turnover Reaches Highest Mark Since 2008
FleetOwner reports on the “Slow Climb of Driver Wages Pressuring Turnover Rate” and discusses findings of TCP’s recent industry survey. While driver wages are climbing slowly, growth in other industries such as construction could prevent potential drivers from re-entering the industry. Additionally, driver turnover reached its highest mark since the first quarter of 2008 with 90% turnover in the first quarter of this year. Read the full article here.
June 20, 2012 -
Trucking Capacity Shrinking Due to Driver Shortage
Is a shortage of drivers hampering the trucking industry? In a speech made by Rosalyn Wilson, author of the 2012 Annual State of Logistics Report prepared by the Council of Supply Chain Management Professionals, predictions are made that trucking capacity is shrinking due to a shortage of drivers. Wilson references findings from TCP’s quarterly Business Expectations Surveys. Read the Charleston Business Journal’s review of the speech here.
June 20, 2012 -
Growing Shortage of Drivers may Cause Capacity Crunch
MyTrucks.com discusses how The Council of Supply Chain Management Professionals just released its 2012 Annual State of Logistics Report which predicts that a growing shortage of drivers might cause a capacity crunch. The Report cites data from TCP’s 4th Quarter Business Expectations Survey which showed that about 18% of carriers surveyed reported 6-10% unseated trucks. For more information about the report, read the full article here.
April 11, 2012 -
Carriers Experience Challenges Balancing Capacity and Drivers
In a recent article by Logistics Management about the slight decrease in driver turnover of large fleets in the last quarter, Lana Batts is quoted discussing the current challenges that carriers face balancing capacity and drivers. Read the full article here.
March 21, 2012 -
The 60,000 Questions Interview with Richard Mikes
Jason Rhyno of Today’s Trucking Magazine recently sat down with Richard Mikes of Transport Capital Partners to discuss driver wages and turnover. The results from TCP’s fourth quarter 2011 Business Expectations Survey show that two-thirds of surveyed carriers think that wages must be more than $60,000 to attract and retain drivers. Additionally the American Trucking Association (ATA) data shows that driver turnover rates doubled in the second half of 2011. Mikes discusses the importance of carriers balancing in 2012: balancing available trucks with rising freight volumes and balancing driver wages with existing rates. Read the full “The 60,000 Questions” article here.
