In a survey by Transport Capital Partners and ACT Research, over 50% of carriers report considering buying natural gas vehicles. TCP Partner Richard Mikes notes significant savings at the pump. Read the full article here.
TCP Partners, Lana Batts and Richard Mikes, discuss where the trucking industry is headed in an annual report covering the current industry trends. Some of the topics covered include drivers, equipment, and capacity. Read the full paper.
Transport Topics reviews two recent TCP surveys that indicate a slowing in freight demand as well as “continued capacity constraints.” TCP’s fourth quarter Business Expectations survey showed that 34% of the fleets surveyed are planning to add equipment in the next 12 months but this is primarily replacement of aging equipment. To read more about TCP’s recent survey and industry trends such as driver additions, click here.
The fourth quarter Business Expectations Survey was cited in a recent article by Transport Topics about a 148% gain in truck orders. The survey showed that many carriers are “shifting to a more aggressive tractor replacement plan.” TCP partners were in the article, to read click here.
TheTrucker.com highlights the good news for truck makers. The recent TCP survey shows that forty percent of responding carriers said that they would acquire (or replace) more than 10% of their fleet. Read more.
TruckingInfo.com covers the recent survey conducted by TCP which shows that carriers are more eager to replace their aging fleets, but do not plan on adding capacity. Read the full article here.
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TruckingInfo.com covers the recent survey conducted by TCP which shows that carriers are moving to more aggressive equipment acquisition and replacement plans. Read the full article here. Read more.
A recent article of Transport Topics notes that interest in used trucks is growing and that new vehicles only accounted for 23% of 2010 registrations. Mikes discusses how the increase in the price of new equipment puts pressure on carriers to raise rates. To learn more about the recent equipment trend, click here.
Schilli Transportation News, a news resource from Schilli Transportation Services, notes TCP’s findings that 445 bankruptcies occurred in the trucking industry in the last quarter of 2009 and that over 170,000 trucks have become inactive over the past year and a half due to bankruptcies. Read the full article.
In “Carriers Still Slow to Buy New Equipment: TCP Survey,” Bulk Transporter highlights TCP’s Business Expectations Survey’s finding that about half of carriers do not plan to buy new trucks very soon and discusses related findings. Read the full article here.