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News

Anticipated Acquisition Activity as Carriers Manuever Changing Industry

An article from TruckingInfo.com notes TCP survey results that project an increase in merger and acquisition activity as carriers attempt to maneuver a changing transportation industry. Read the full article here.

Practical Miles vs. Shortest Miles Formula

DC Velocity writer, Mark B. Solomon, discusses TCP’s finding regarding the change to the “Practical Miles” trucker pay formula from the more traditional “Shortest Miles” formula. Read more.

Two-Thirds of Carriers Report Driver Shortage

According to TodaysTrucking.com, TCP’s Business Expectations Survey offers much insight into the current supply and demand dynamics of drivers in the trucking industry. While trucker recruiting is a growing problem during this shortage, truckers are in a favorable position. Read the full article.

Carriers Focus on Recruiting Drivers and Using Fewer Brokers

In the article “Next Exit: Driver Shortage?” Getloaded.com discusses the predicted scarcity of truck drivers and the implications of this condition for the industry. The author highlights TCP’s findings that industry professionals are focusing on recruiting drivers and are using fewer brokers. Read the full article.

Driver Shortage Due to Increased Freight

Truckinginfo.com discusses TCP’s Business Expectation Survey’s finding that there is currently a driver shortage due to increased amounts of truck freight. The article notes carriers’ reported decrease in dependence on brokers and a supply-demand dynamic that favors truckers. Read the full article.

Rates Drop to the Benefit of Brokers

The SupplyChain Digest article “As Truckload Rates Continue Freefall, Middlemen Actually See Margins Grow” quoted Lana Batts, a managing partner at Transport Capital Partner (TCP), about the economic outlook of the transportation industry this year. Many of Batts’ data has been collected via TCP’s quarterly Business Expectations Surveys. Read the full article.

Dutro Addresses Transportation Lawyers Association

Steven Dutro spoke at the Transportation Lawyers Association convention as part of a seminar called “Solving the Insolvency Conundrum: Dealing with Businesses on the Edge of Financial Abyss.” The topic covered strategies for protection from customers in financial distress as well as strategies to protect trucking companies in financial distress.

Mikes, Batts Author Editorial for Transport Topics

Transport Topics published an editorial opinion entitled “Looking for Liquidity in 2006” co-authored by Richard Mikes and Lana Batts. The piece discussed the reasons why certain executives are selling their companies and what types of carriers buyers are seeking.

Schnoes, Mikes Speak to Arizona Trucking Association

James Schnoes and Richard Mikes spoke before the Arizona Trucking Association in Tucson, Arizona. The title of the speech was “Life Cycle Costing: Key to Better Asset Management.”

Batts Speaks at PeopleNet Annual Users Conference

Lana Batts was the Keynote speaker for the PeopleNet Communications Annual Users Conference. The title of her speech was “Change, Uncertainty and Profits: How to Thrive in the Trucking Industry.”