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January 9, 2013 - Trucking Companies Look to a Younger Workforce

The Fourth Quarter Business Expectations Survey by Transport Capital Partners shows that carriers in the trucking industry are looking to the younger generation to fill a driver shortage, FleetOwner Magazine reports. The survey found that as many as 82% of carriers are willing to higher younger drivers. According to TCP partner Richard Mikes, “Most carriers know that turnover levels have doubled since the recession, which has continued to negatively impact our industry. Past surveys have indicated that pay must go up to significantly higher levels over the long-term.”

TCP partner Steven Dutro notes that “investment in effective training programs will be essential to our industry.”

Read the full article at FleetOwner.com.

October 17, 2012 - 77% of Carriers Plan to Increase Pay for Drivers

FleetOwner reports that over three-quarters of carriers are planning to give drivers a raise, with close to half of them expecting to increase pay by 2-5%. These figures are based on the quarterly Business Expectations Survey by Transport Capital Partners. TCP Partner Richard Mikes notes that wages in trucking have lagged over the past year when compared to other industries. Healthcare policy is also a concern, due to uncertainty over the fate of the Affordable Care Act. Depending on who wins the Presidential election, the ACA could go into effect, or be overturned. Read the full article here.

September 28, 2012 - Increase in Carriers Interested in Making a Strategic Acquisition

A recent article by Fleet Owner magazine cited TCP’s recent Business Expectations Survey which found a record number of carriers are interested in making a strategic acquisition in the next 18 months. Richard Mikes was quoted in the article as saying: “A lot of fleets buy and sell for different reason, but what we’re seeing now is that there are more strategic buyers in the market versus purely financial buyers.” Click here to read the full article.

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 18, 2012 - Shippers Starting to Use CSA Scores as a Way to Evaluate Carriers

A recent article by FleetOwner.com discusses how shippers are starting to use CSA scores as a means of evaluating carriers and dropping ones with high scores. The article references TCP’s findings from the Quarterly Business Expectations Survey which shows that carriers are deploying several different methods to ensure compliance. Read the full article here.

June 15, 2012 - Carriers Frustrated with Costs and Complexities of CSA

FleetOwner.com reports on how carriers are becoming more frustrated with the costs and complexities of CSA regulations according to TCP’s most recent quarterly survey. Over 75% of carriers surveyed indicate that compliance has cost them $500 or more per driver. For more information, click here.

March 28, 2012 - General Decline in Number of Carriers Planning on Not Adding Any Capacity

Partners are quoted in a recent article by Fleet Owner Magazine discussing the findings of TCP’s recent industry survey. Since November of 2010 there has been a general decline in the number of carriers who are planning on not adding any capacity. Click here to read the full article.

January 26, 2012 - Are Health Care Costs Eating Carriers Alive?

Fleet Owner questions what impact rising health care costs will have on carriers by referencing results from TCP’s recent Business Expectations Survey. To read more about carriers’ thoughts and strategies on combating these costs, click here.

January 11, 2012 - Majority of Carriers Are Planning to Add Little or No Capacity

Both Batts and Mikes were recently quoted in Fleet Owner’s article discussing TCP’s fourth quarter Business Expectations survey that found that 73% of carriers plan to add 0-5% capacity. TCP believes that these expectations are impacted by low GDP predictions, escalating costs and regulatory constraints, and an unclear path towards higher rates. For more information, read the full article here.

October 5, 2011 - Truck Order Higher Than Expected in September But Capacity Increases Still Uncertain

FleetOwner.com speculates the upcoming future of the trucking industry and cites the Third Quarter TCP Business Expectations Survey. According to ACT Research Co., truck orders for September exceeded expectations, and another report shows that the non-manufacturing sector continues to grow. Capacity increases are still uncertain however, and many carriers report not planning on adding significant capacity. For more information, read the full article.