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Tension Between Freight Demand and Capacity Plans

A recent article by the Journal of Commerce discusses the tension between freight demand and carriers’ willingness to add capacity. The article references statistics from TCP’s recent quarterly industry survey — most notably that a third of surveyed carriers expect to see an increase between 0-5 percent, and 25 percent of carriers expect to see an increase between 6-10%. While larger carriers ($25 million or more in revenue) are slightly more likely to expand than smaller carriers, the articles notes that highly profitable carriers such as Knight Transportation are the most likely to expand. Click here to read the full article.

Over Sixty Percent of Carriers Expect Volumes to Increase

The Journal of Commerce discusses TCP’s fourth quarter Business Expectations Survey which shows optimism from carriers, with more than 60 percent expecting volumes to increase in 2012. Additionally, only 2% of those surveyed expect freight levels to drop. Click here to read the full article.

Carriers Are Taking Accessorial Charges to Shippers

The Journal of Commerce reports online that truckload carriers are taking accessorial charges (one-time fees for special services) to shippers. The article cites findings from TCP’s recent survey which asked carriers about a variety of industry issues, including renegotiation of accesorials. The article mentions that companies like UPS and FedEx Express have long used these charges and 68% of the carriers surveyed plan on renegotiating these fees as well. Click here to read more.

Truckload Rates on the Rise Industry Wide

The Journal of Commerce discusses TCP’s research which shows that truckload rates are on the rise industry wide, although larger carriers seem to be experiencing greater increases than smaller carriers. The article calls the finding, “a sign there may still be life in trucking’s fall peak season.” Click here to read more.

C. Bean Transport Files Chapter 11 Bankruptcy

In an article about the recent bankruptcy of a trucking company in Arkansas, The Journal of Commerce quotes TCP’s Lana Batts about the future of financing trucks. Read the full article here.

Recession Leads Some Truckers to Consider Leaving the Business

The Journal of Commerce Online recently published an article in which Transport Capital Partners is quoted on the effects of the recession on trucking. Read the full article here.