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 24, 2013 -
New HOS Leading to Tightening Capacity
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.
July 22, 2013 -
Current State of the Truckload Industry
A recent conference call hosted by Stifel featured Transport Capital Partners Managing Partner, Dr. Richard Mikes. In the call, Mikes suggests that fairly flat demand and supply point to an upcoming capacity shortfall in the truckload industry. Furthermore, tightening supply and demand is increasing the potential for future rate increases. To read the full transcript, click here.
July 9, 2013 -
Outlook Hopeful for the Transportation Industry
Powers & Stinson reports that TCP’s most recent Business Expectations Survey reflects a growing optimism among those in the transportation industry. More carriers now expect volumes to remain steady, or even grow, ending a 3-year trend of negative volume growth expectations. Additionally, a large majority of carriers are anticipating rates to increase over the next 12 months. Read the full post.
July 8, 2013 -
Optimism Growing for Future Rate and Volume Increases
There is an increasingly positive outlook for volume and rate growth in the industry. Both TheTrucker.com and TruckingInfo.com recently shared encouraging data from TCP’s 2nd quarter industry survey. The survey indicated that eighty percent of all carriers have seen rates hold steady over the past quarter. Furthering optimism, seventy-three percent of carriers are expecting rates to increase over the next year.
“Even with modest improvement in freight demand, carriers are anticipating much-needed higher rates from customers,” says Steven Dutro, TCP partner.
TheTrucker.com full article.
TruckingInfo.com full article.
July 8, 2013 -
Three-Year Trend of Lowered Volume Expectations Ends
Today’s Trucking references data from the 2nd quarter TCP Business Expectations Survey to suggest a more positive direction for the industry. In this survey, half of all carriers reported that they expect volumes to increase. These results finally break a three-year trend of lowered second quarter outlooks. Read the full article here.
June 25, 2013 -
Richard Mikes Comments on the State of the Trucking Industry in IMTA Quarterly
TCP managing partner Richard Mikes contributed an article to the most recent issue of the Iowa Motor Truck Association‘s quarterly Lifeliner Magazine. In the article, Mikes highlights data from last quarter’s TCP Business Expectations Survey showing increasing, if hesitant, optimism for volume and rate expectations in the industry. Trucking is warming up, but at what pace? For more, click here to download a .pdf of the full article.
March 28, 2013 -
35% of Carriers Use Electronic Logging
As reported by Transport Topics, more carriers are using electronic logging on their trucks than in the past. According to a survey by Transport Capital Partners, 35% of carriers have electronic logging on their whole fleets, up from 25% last May. A majority of truckers are using or testing electronic logging, while 10% said they were considering the new tool, but have yet to implement it.
Read the full report here.
March 27, 2013 -
E-Logging, CSA Scores, and Capacity All on the Rise
Citing the Business Expectations Survey, conducted quarterly by Transport Capital Partners, Truckinginfo.com reports that carriers are increasingly installing e-log systems on their fleets. The survey shows that 35% of carriers have implemented e-logging systems on their entire fleet. Just 10% of survey responders report that they have yet to begin implementation.
Another trend from the survey indicates that carriers are making efforts to improve CSA scores, but not without expense. “The cost of compliance, along with decreasing productivity, the corresponding decrease in driver earnings, and the planned tightening of hours-of-service rules are part of the regulatory burden which has both directly and indirectly impacted carriers,” said TCP partner Richard Mikes.
Read the full article at Truckinginfo.com.
March 14, 2013 -
Increasing Rates and Profits Likely, Say Analysts
According to multiple trucking industry researchers, economy conditions point towards an increase in rates and profitability. According to the Business Expectations Survey, conducted quarterly by consulting firm Transport Capital Partners, two-thirds of respondents are “optimistic” that volumes and rates will increase over the next year.
“With the present tight supply of trucks, an increase of just 1% to 2% over forecasted GDP growth could spike rates upwards at any time, which would help to cover costs,” noted TCP partner Richard Mikes.
On the other hand, TCP partner Steven Dutro suggested that the limited availability of drivers and impending HOS rules could damper the benefits of a slowly recovering economy.
Read the full article at FleetOwner.com.
