Hirschbach Motor Lines announced June 22 that it is expanding with the acquisition of Lessors Inc.
For more information, visit this article on Transport Topics News.
July 16, 2021 -
Hirschbach acquires Lessors
June 26, 2019 -
Contributions to Transport Topics feature article “Trucking’s Next Leaders”
Jim Parham and Lana Batts contributed to the feature article on leadership challenges in the industry.
Lana Batts in part said “There are a lot of executives who are ready to retire… That’s one reason that we’re seeing more merger and acquisition activity.”
Jim Parham noted “Kids go to school and come back and say it’s not for me.” And “while many companies have abandoned training programs…there are a few carriers, such as Schneider and J.B. Hunt Transport Services, that have a long history of developing managers…”
Read the full article here www.ttnews.com/articles/fleets-transitioning-new-management-industry-prepares-road-ahead
October 15, 2018 -
Acquisitions Help Fleets Grow
October 2018 TCP partners quoted extensively in Bulldog Magazine article Acquisitions Help Fleets Grow.
April 3, 2017 -
Transport Topics Quotes TCP Regarding Schneider Going Public Stock Sale
Steven Dutro, Managing Partner, was quoted in Transport Topics’ April 3, 2017 article “Schneider Initial Stock Sale May Spur growth in Truckload, Intermodal, Analysts Predict”
Schneider’s forthcoming initial public offering may close a chapter on the company’s long- standing family ownership, but it will expand the motor carrier’s ability to broaden its horizons, industry analysts said.
At least one industry analyst believes that Schneider’s IPO will strengthen interest in trucking among investors and could spur other companies to follow its lead.
“Schneider is a well-known and well-respected company,” said Steven Dutro of Transport Capital Partners in Windsor, Colorado. “I believe Wall Street and other financial investors will be paying attention.”
Read the full article here (Transport Topics Subscribers only).
December 19, 2016 -
Maverick Acquires Marine Transport Inc.
Maverick President John Culp said in a statement “We are very excited to make this addition to our dedicated service offerings and expand our service footprint in the boat and marine business.”
Maverick USA Inc. said it acquired substantially all of the assets of Marine Transport Inc., which is based in Au Gres, Michigan, including about 25 tractors and 80 trailers.
Terms of the transaction were not disclosed. “We are very excited to make this addition to our dedicated service offerings and expand our service footprint in the boat and marine business,” Maverick President John Culp said in a statement.
Maverick USA ranks No. 74 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
MTI, founded in 1983, is a family owned dedicated boat-hauling company that services the nation’s largest manufacturer of luxury pontoon boats and runabouts, it said.
February 1, 2016 -
2016 Will Be A Year of Stability for Trucking
Trucking Continues to Move Forward with Cautious Optimism
The fourth-quarter Transport Capital Partners (TCP) survey finds carriers remaining positive, despite tempered expectations, and looking toward stable growth in 2016.
Undeterred by continuing volatility around the world, the United States economy will likely continue its steady upward climb in 2016. And, as is often the case, the trucking industry presents us with an accurate mirror to movements in the economy at large.
Economic events in the 4th quarter of 2015 left expectations at their lowest levels in over 5 years. However, motor carrier executives remain optimistic that 2016 will bring solid growth for their companies.
“Expectations are lower than in recent years but are still positive for 2016. The indication is for a stable business environment and little fear of a recession,” summarizes Steven Dutro, TCP Partner.
Many, Not Most, Still Positive About Rates
At the beginning of 2015, 79% of the participants in our survey were looking forward to rate increases over the year ahead. Turning the page into 2016, that number had dwindled to 41% – the lowest percentage we have recorded since 2009.
Despite this dampened optimism, positive expectations remain strong. Forty-one percent of those surveyed still expect their freight revenue rates to rise this year.
“In this survey, and in carrier discussions with TCP, we are seeing more variation in the opinions of individual carriers than in prior years. Any further tightening, caused by a small increase in demand or driver shortages, will have a proportionally greater upward impact on spot and contract rates,” notes Richard Mikes, TCP Partner.
Carriers Most Positive About Capacity
Perhaps most telling of industry expectations for 2016 is that a strong majority – 61% of carriers – expect to expand their fleets this year.
“Growth expectations are not quite as robust as they were in 2014 and 2015. But, this number is still relatively consistent with the expectations – and the modest growth – of the past few years.” -Steven Dutro, TCP Partner
Read the full survey results here.
Contact:
Richard Mikes
Office: (239) 395-2595
[email protected]
Steven Dutro
Office: (970) 204-1492
[email protected]
The Business Expectations Survey by TCP, now in its seventh year, has given forward-looking guidance from industry leaders through both sides of the economic cycle. Mikes and Dutro both have senior-level experience advising carriers on strategic and operational issues as well as in mergers and acquisitions in the trucking industry.
About ACT Research Co., LLC
ACT Research, a contributor to the Blue Chip Economic Indicators, has been the recognized leading publisher of commercial vehicle (CV) industry data, market analysis, and forecasting services for the North American market since 1986. Their commitment to data quality & integrity; in-depth analysis; and timeliness have made their services the industry standard.
For more information, visit www.actresearch.net.
September 23, 2015 -
Wall Street Journal quotes TCP regarding “Trucking Makes a Comeback, but Small Operators Miss Out”
Wall Street Journal quotes TCP regarding “Trucking Makes a Comeback, but Small Operators Miss Out – Their costs are rising, and new U.S. regulations add to their expenses”.
October 30, 2014 -
The Perfect Buyer
“With all the news about company bankruptcies, increased government regulations, higher equipment costs and economic uncertainty, some motor-carrier owners are looking for options.
They are asking themselves: “Should I buy another company to get larger and spread the overhead of more regulations?” or “Should I sell? And if so, to whom?”
If selling is the preferred option, owners then find themselves looking for the “perfect buyer.”
The “perfect buyer” usually: (1) is willing to acquire either 100% of the business or a minority interest; (2) does not get involved in the day-to-day operations of the business; (3) pays fair market value; (4) offers flexible terms; (5) offers the seller the option of paying no capital gains tax on the sale; and/or (6) provides some upside participation in the future performance of the business….”
Excerpt from “Opinion: Looking for the Perfect Buyer?” by Ronald J. Gilbert, President of ESOP Services Inc. and Jim Parham, Managing Partner of Transport Capital Partners, published on the Transport Topics online newspaper.
Read the full article here.
August 11, 2014 -
Transport Topics quotes TCP regarding “Experts See More to Come”
Transport Topics article on August 4, 2014, Transport Acquisitions Rise, quotes TCP extensively. We see several factors building interest in mergers and acquisitions but with some caution if the economy slows.
*Highlights denote Transport Capital Partners quotes
February 22, 2014 -
Capacity Growth An Inevitable Result of Lowered Utilization
Commercial Carrier Journal (www.ccjdigital.com) and TruckingInfo.com both recently ran stories highlighting TCP Survey data from the 4th Quarter Business Expectations Survey.
The survey showed a large majority of carriers expecting to grow capacity, and many moving to replace their aging vehicles.
The new hours-of-service rules have resulted in lower utilization of equipment. As a result, carriers are being pushed to increase capacity and raise driver pay.
The number of carriers indicating they are not going to add capacity has been trending down, and is now at its lowest level yet for the TCP survey, at just 27 percent.
Larger carriers expected to be more aggressive in adding equipment than smaller carriers. Thirty-nine percent of larger carriers expected to add between 5% to 15% compared with only 27% of smaller carriers.
“We suspect that all the 2007 pre-buy tractors are being traded out. If smaller carriers are not able to replace older, less fuel-efficient equipment (and their higher maintenance costs), those carriers will not be well positioned to benefit from looming good times,” says TCP Partner Richard Mikes.
TruckingInfo.com Article: http://www.truckinginfo.com/news/story/2014/01/capacity-growth-an-inevitable-result-of-lowered-utilization.aspx
Commercial Carrier Journal Article: http://www.ccjdigital.com/monday-money-carriers-to-add-capacity-freight-indices-mixed-union-votes/
