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.
January 11, 2012 -
Majority of Carriers Are Planning to Add Little or No Capacity
January 10, 2012 -
Carriers Still Hesitant to Add Capacity
TCP’s fourth quarter 2011 Business Expectations Survey found that carriers are still hesitant to add capacity, and TheTrucker.com discusses how, for the last six quarters, carriers’ plans to expand have remained consistent. For more information, read the full article here.
January 2, 2012 -
Three out of Four Carriers Expect Freight Rates to Increase
A recent article by Transport Topics says that while predictions for the nation’s economic growth are still cautious, the trucking industry may see a “profitable ride” in 2012. Some analysts believe that freight rates will rise faster than inflation, allowing both truck and rail carriers to see an increase in profit margins. The article cites TCP’s fourth quarter 2011 Business Expectations Survey which found that three out of four executives expect freight rates to increase. To read more about rate expectations in 2012, click here to read the full article.
December 8, 2011 -
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.
December 8, 2011 -
Carriers Report Increased Rates Over the Past Three Months
In an article by TruckingInfo.com, TCP’s recent survey is highlighted which showed that both small (under $25 million in revenue) and large carriers are expecting rates and volumes to increase in 2012. The survey also showed that a significant number of carriers reported increased rates over the previous three months. For more information about rate and volume expectations in 2012, click here to read the full article.
December 8, 2011 -
Carriers Optimistic about Volumes and Rates in the Coming Year
TheTrucker.com reports on TCP’s recent survey which shows that carriers are optimistic about both volumes and rates in the coming year. For more information about the survey, click here to read the full article.
December 5, 2011 -
Mamas, Don’t Let Your Babies Grow Up to be Truckers
A recent article from DC Velocity titled “Mamas, don’t let your babies grow up to be truckers” discusses the impact of the Great Recession on trucking industry. TCP’s third quarter Business Expectations survey is cited, which showed that 28% of carriers are considering selling in the next 18 months if conditions don’t improve. This is the highest percentage since the survey began in 2008. Batts is quoted in the article as saying that the higher costs and regulatory constraints are frustrating to executives and that “it just isn’t fun anymore.” For more about the impact of the economy on the trucking industry, read the full article here.
November 2, 2011 -
Carriers Looking for Specific Lanes or Customers When Seeking an Acquisition
Lana Batts is quoted in Bulk Transporter‘s article on the recent acquisition of Frozen Food Express Industries’ dry van fleet by Celadon Group. Batts notes that TCP sees “a tremendous amount of interest in acquisitions, but not merger for the sake of merger, or just to get larger. Companies are looking for specific lanes, specific customers or specific types of shipments.” Click here to read more about current merger and acquisition activity.
October 27, 2011 -
Survey Data Selected by Supply Chain Digest as Graphic of the Week
Results from TCP’s third quarter Business Expectations Survey were chosen by Supply Chain Digest as the graphic of the week. Click here to review the results of the survey question “How have your average freight rates moved in the last 3 months?”
October 26, 2011 -
Twenty Percent of Surveyed Carriers Would Consider Leaving the Industry
While smaller carriers are more optimistic about business volume increases over the next six months, there are still a significant number (20% of those surveyed in TCP’s recent Business Expectations Survey) that are strongly considering leaving the industry. To read the full coverage by TodaysTrucking.com, click here.
