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
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.
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
January 14, 2014 -
Four Consecutive Quarters of Mounting Optimism
Transport Topics ran an article in December that highlighted the 4th quarter 2013 TCP Business Expectations Survey.
In the article they note that most trucking companies are expecting their volumes to increase, and to be able to raise their rates, in 2014. As the TCP survey revealed, the indicators of mounting optimism for both volumes and rates have been in place now for four consecutive quarters.
“TCP illustrated the fact that optimism has outpaced pricing reality by noting that a majority of fleets have been predicting higher rates for four years, though prices didn’t begin to rise until 2013,” states the article.
Read more here.
October 25, 2013 -
Smaller Carriers May Be Disadvantaged Under ACA
According to a recent Transport Topics article citing TCP survey results, smaller carriers are more likely to report adverse effects from the Affordable Care Act than larger carriers. Thirty percent of smaller companies are considering dropping health coverage for employees compared with only 10% of larger carriers.
The article quotes TCP partner Richard Mikes, ”Smaller carriers are at a disadvantage to find and retain drivers if they cannot compete with the health packages offered by larger carriers.”
The new health care law will require most companies with more than 50 employees to provide health insurance to workers.
Read more here.
April 10, 2013 -
More fleets using elogs to lift CSA scores
More fleets are using electronic driver logs (elogs) to improve CSA scores, Transport Topics reports. The article highlights the results from Transport Capital Partners’ recent Business Expectations Survey that found 34.6% of carriers are using elogs on all of their trucks with an additional 68.1% either testing or using elogs on some of their trucks. TCP Partner Richard Mikes says that the federal Compliance, Safety Accountability ratings program is “one of the drivers” behind the increase in electronic log usage.
The article also discusses how elogs represent a “huge opportunity” for carriers to lower the CSA violations. Additionally, these on-board devices allow carriers to monitor speed and other measurable that help improve operations. Read the full article to learn more about the shift towards electronic logs and carriers concerns for CSA scores.
Are you the owner or executive of a trucking company who is interested in contributing to the next Business Expectations Survey? Click here to learn more.
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.
