Your most important decisions deserve the most qualified advisors.

News

Number of Carriers Expecting Business Volumes to Increase is Down

In May of 2011, almost 80% of carriers surveyed expect business volumes to increase but this number shrank down to only 48% of carriers in TCP’s recent survey. Both Batts and Mikes were quoted in TruckingInfo.com’s article. Read the full article here.

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.

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.

Carriers Shifting to a More Aggressive Tractor Replacement Plan

The fourth quarter Business Expectations Survey was cited in a recent article by Transport Topics about a 148% gain in truck orders. The survey showed that many carriers are “shifting to a more aggressive tractor replacement plan.” TCP partners were in the article, to read click here.

Practical Miles vs. Shortest Miles Formula

DC Velocity writer, Mark B. Solomon, discusses TCP’s finding regarding the change to the “Practical Miles” trucker pay formula from the more traditional “Shortest Miles” formula. Read more.

Almost Seventy Percent of Carriers Expect Volumes to Increase

The Trucker.com captured TCP’s third quarter survey results in an online article entitled, “Carriers: freight volume to increase in next year, but capacity won’t.” The article quotes both Lana Batts and Richard Mikes, TCP managing partners. Read more.

Carriers Plan to Use Independent Contractors and Used Trucks to Add Capacity

Truckinginfo.com displayed the survey results for TCP’s Business Expectation Survey, quoting Lana Batts, managing partner for TCP, about the specific ways carriers intend to add capacity in the next year. These plans include the use of both independent contractors and used trucks, despite high cost and limited availability. Read more.

Driver Shortage Due to Increased Freight

Truckinginfo.com discusses TCP’s Business Expectation Survey’s finding that there is currently a driver shortage due to increased amounts of truck freight. The article notes carriers’ reported decrease in dependence on brokers and a supply-demand dynamic that favors truckers. Read the full article.

Driver Shortage Increases Recruiting Efforts

Kevin Jones of TheTrucker.com reports TCP’s latest Business Expectations Survey’s findings about how carriers are responding to the current driver shortage. Because of this shortage, carriers are working to improve driver recruiting efforts. Read the full article.

Truckers Looking Forward to the Year Ahead

Truckinginfo.com discusses TCP’s industry survey, pointing out that truckers are optimistic about the upcoming year. Quoting TCP’s Mikes and Batts, this article provides statistics from the survey that show truckers’ overwhelmingly positive predictions for their businesses. Read the full article.