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.
December 5, 2011 -
Mamas, Don’t Let Your Babies Grow Up to be Truckers
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 -
Small Fleets More Likely to Leave Industry is Volumes Do Not Increase
Tire Review discusses results from TCP’s third quarter business expectations and insights from the partners that say that small fleets are more likely to leave the industry if volumes do not increase. Read the full review here.
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.
October 26, 2011 -
Many Carriers Are Considering Leaving the Industry
In a recent article by TruckingInfo.com, Batts and Mikes are quoted regarding the recent findings from the Third Quarter TCP Business Expectations Survey. Given uncertainty about volumes, rates, drivers, and the economy, many carriers are considering leaving the industry. For more information, read the full article.
August 8, 2011 -
Acquisitions a Great Way to Expand a Company’s Services
Transport Topics reports on the recent acquisition of Specialized Transportation Inc. by CRST International, a move that greatly expands the services the company is able to offer. Batts discusses how the aftermath of the Great Recession is causing carriers, like CRST International, must think differently about business practices in order to be competitive in today’s market; read more here.
August 4, 2011 -
More Smaller Carriers Eager to Sell
Richard Mikes is quoted in an article in the Commercial Carrier Journal regarding the increase of carriers – particularly smaller carriers – that are eager to sell. While in 2006 and 2007 the climate was a “seller’s market,” the number of carriers willing to sell now makes it a “buyer’s market.” To read more about the current mergers and acquisitions market in the transportation industry, click here.
February 10, 2011 -
Where is the Industry Headed?
TCP Partners, Lana Batts and Richard Mikes, discuss where the trucking industry is headed in an annual report covering the current industry trends. Some of the topics covered include drivers, equipment, and capacity. Read the full paper.
September 15, 2010 -
Anticipated Acquisition Activity as Carriers Manuever Changing Industry
An article from TruckingInfo.com notes TCP survey results that project an increase in merger and acquisition activity as carriers attempt to maneuver a changing transportation industry. Read the full article here.
June 30, 2010 -
Effects of the Improving Economy on the Transportation Industry
An article by Truckinginfo.com says that TCP’s most recent Business Expectations Survey reports important findings about the effects of the improving economy on the transportation industry. The article focuses on carriers’ increased interest in mergers and acquisitions. Read the full article.
