Mikes is quoted in a recent Transport Topics article which highlights the growing interest in mergers and acquisitions in the transportation industry. Factors such as the improving economy and greater business potential have accelerated the mergers and acquisitions market. To read more about recent acquisitions and the growing trend, read the full article.
April 12, 2010 -
Mergers and Acquisitions on the Rise
March 18, 2010 -
Acquisitions Likely in Tough Economy
Commercial Carrier Journal Digital in their article “TCP Survey Shows One in Four Carriers Pondering Quitting” cites the recent TCP Business Expectations Survey. Managing Partners Lana Batts and Richard Mikes commented on the results agreeing that the industry is prime for a flood of acquisitions.
Read the full article here.
March 17, 2010 -
Carriers Consider Leaving the Business
In “One Fourth of Carriers Looking at Leaving the Industry,” TruckingInfo.com reports results from Transport Capital Partners’ (TCP) Business Expectations Survey. The survey, conducted quarterly, indicated that carriers have become more confident in rates and volumes, but their hopes for long term survival are not so optimistic, with one in four considering selling if conditions don’t improve in the next six months.
Read the full article.
March 9, 2010 -
TCP Assists in Acquisition of McGriff Transportation
TruckingInfo.com’s article, “TCP Assists in HB Holdings’ Acquisition of McGriff Transportation” features TCP’s acquisition services. Managing Partner Miller Welborn was quoted. Read the full article here.
January 11, 2010 -
Tech Acquisitions Up, Carriers Optimistic for 2010
Heavy Duty Trucking quoted Lana Batts and Richard Mikes, managing partners for Transport Capital Partners (TCP), in two articles in its January 2010 print publication. “Trucking technology company consolidation is a trend” quotes Batts as saying more “wallet share acquisitions” are likely to increase in the transportation industry during the next few years. “Survey: Carriers optimistic, but still feel cash pinch” reports the findings of TCP’s fourth quarter Business Expectations Survey, quoting both Mikes and Batts about the outlook trucking companies reported in the past three months. Read the full article here.
December 29, 2009 -
One-Fifth of Carriers Contemplate Selling in Near Future
Transport Capital Partners’ (TCP) Managing Partners Lana Batts and Richard Mikes are quoted in TruckingInfo’s “Fleet Equipment Purchase Plans Stabilize” about results from the firm’s fourth-quarter Business Expectations Survey. Results show that carriers are stabilizing on fleet replacement, with a pre-buy unlikely and more interest in buying and selling shown this quarter than previous months. Read the full article.
September 11, 2009 -
Recovery Among Freight Carriers Likely to Be Sluggish
Today’s Trucking quoted Richard Mikes, managing partner for Transport Capital Partners, in “Truck analysts say climb back from recession will be slow.” The article included results from TCP’s Business Expectations Survey, conducted quarterly, about equipment purchasing and fleet acquisitions in the current economy and other state-of-the-industry topics. Read the full article.
June 11, 2009 -
Truckers Forecast Improvements in Coming Year
Truckinginfo.com and ExpeditersOnline.com featured results from Transport Capital Partners’ (TCP) second quarter Business Expectations Survey in the article “Truckers have rosy economic outlook.” According to the survey, the industry expects conditions such as freight volumes, rate stability, insurance renewals, credit and mergers and acquisitions to improve in the next 12 months. Read the full article. The article was also posted here.
April 1, 2009 -
Mikes Addresses Iowa Motor Truck Association
Richard Mikes spoke at two Iowa Motor Truck Association (IMTA) meetings on March 24 and 26th on the topic “Where Do We Go From Here? Capturing the Value of Change.” He discussed three primary areas: (1) Supply chain implications, involving trends toward more plant and distribution centers, closer national and international sourcing, and a modal mix shift favoring trucking; (2) Global and international recessions, with consumer confidence at its lowest levels, the resultant “fear factor,” and the likelihood that this recession will mirror the early ‘80s; and (3) Impact upon trucking, including results from the recent TCP survey that indicated the severity of rate pressures, high number of carriers considering buying or selling, carrier cost adjustments, the likelihood of capacity restraints with volumes rising in late 2009 or early 2010, and strategies being set for future prosperity and growth by carriers who seize opportunity now.
April 1, 2009 -
Good News to Be Found, Even in a Recession
Transport Capital Partners’ survey results are featured and discussed in the recent FleetOwner article, “The Good News Famine.” The article focuses on the positive news and attitudes still found despite the current state of the economy. Read the full article here.
