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March 20, 2013 - Dutro Quoted About Capacity Expectations

Steven Dutro, TCP managing partner, was recently quoted in an article by Transport Topics about Transport Capital Partners’  First Quarter 2013 Business Expectations Survey. The survey that found that almost two-thirds of carriers plan to increase capacity in the next 12 months. TCP believes that the increases in capacity will most likely be intermodal, dedicated carriage, and other specific business lines.

“Going into the recession, publicly owned carriers cut trucks 20% to 25%, and they have not added back more. Most trucks are being sold as replacements,” Steven Dutro, TCP partner, said in a statement.

For more information about the survey, visit the survey page: https://transportcap.com/industry-survey.

To read the full article, click here.

February 4, 2013 - More Carriers Willing to Hire Younger Drivers to Combat Driver Turnover

Transport Topics recently reported on the findings of TCP’s fourth quarter Business Expectations Survey that found that 51% of carriers are planning to hiring younger drivers to offset recruiting difficulties and driver turnover. Recent reports from the American Trucking Associations show that driver turnover is at 100%. Over a third of carriers responding to the survey already hire younger drivers and “carriers are looking for ways to attract quality, long-term drivers”. Click here to read the full article. 

December 12, 2012 - HDMA Quotes Lana Batts on Fiscal Cliff

HDMA.org, the website for the Heavy Duty Manufacturers Association, references a Transport Topics article about the impending “Fiscal Cliff.” According to TCP Partner Lana Batts, “A lot of carriers say they want to sell before the end of the year. They may be buyers or sellers, but in the end they’re individuals, and a 3 percent or 6 percent tax increase comes out of their cash.” As a result, many carriers are waiting for the debate in Washington to be resolved before taking action on major transactions.

Read the full post at HDMA.org.

December 10, 2012 - Batts Quoted in Transport Topics Article Regarding “Fiscal Cliff”

TCP partner Lana Batts was recently quoted in an article by Transport Topics titled, “Fiscal Cliff’ Sparks New Deals as Carriers Ponder Tax Changes.” As the Obama administration and Congress deliberate 0ver revenue and spending changes, carriers are hurrying to sell before the end of the year. Batts noted that the fiscal cliff affects private equity buyers that “are thinking five years out. They want to flip those companies in five years, but they don’t know what the tax rate will be.” Read the full article here.

 

 

 

September 10, 2012 - Survey: Half of Carriers Consider Switch to Natural Gas

In a survey by Transport Capital Partners and ACT Research, over 50% of carriers report considering buying natural gas vehicles. TCP Partner Richard Mikes notes significant savings at the pump. Read the full article here.

June 25, 2012 - Shippers Starting to Pay More Attention to CSA Scores

A recent article by Transport Topics highlights that shippers are starting to pay more attention to the CSA scores of carriers. More than 72% of surveyed carriers state that some of their customers are concerned about CSA scores, and might even fire a carrier with low CSA scores. The article also discusses CSA’s approach to whose accountable for accidents as well the disparity in use of elogs between large and small carriers. Click here to download the article.

April 30, 2012 - More Carriers Have Made Changes to their Businesses in the Last Year

Transport Topics acknowledges a TCP report noting that 32% of carriers have made changes to their businesses in the past year, compared to 23% from last year’s survey. Richard Mikes, TCP partner, said, “Long-term strategy has come to the forefront as carriers cope with high demands for equipment and balance that with rising equipment costs, driver constraints, and operating dynamics.” Read the full article here.

April 16, 2012 - Carriers Using More Brokers

Transport Topics cites a TCP report revealing a sharp increase in the number of motor carriers using brokers over the same month last year. This increase is attributed to the fact that the spot market pays higher than contract rates. Read more here.

April 9, 2012 - Carrier Capacity Expectations Increase in First Quarter

Transport Topics cites a TCP survey indicating an increase in carrier capacity in the first quarter of 2012. TCP partners Richard Mikes and Lana Batts attribute the increase in carrier confidence to favorable interest rates and reports of growth in the industry. Read more 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.